These days in Ghana, people are busy building the dream house, so it is important you read this guide to find out how to start a block factory business in Ghana.
Since blocks are an integral part of a building, then it will be safe to say that a factory that produces these blocks is also essential.
This article covers how an individual can actually start a block business in Ghana.
Things You Need To Start Block Factory Business In Ghana
Aside from getting your licenses and permits to start your factory, you will need to get a good location, develop the area, buy your equipment and get staff since you can’t be doing the job alone.
All these things can be done with money, and the first thing that you must get before doing the above-mentioned list is your START-UP CAPITAL.
How Much Does It Cost To Start Block Factory Business In Ghana
The amount involved isn’t fixed since things like area of operation as well as prices of equipment will vary.
However, the amount can be between GHC 4,000 to about any high amount you can think of, and this also depends on the size of the company.
Some of the types of equipment needed are a block molding machine, truck, concrete mixer, head pans, shovels, trowels, and other hand tools.
How Profitable Is the Block Factory Business
Currently, a cement block is sold between GHC 2 – GHC 2.50, and a cement bag is sold at 43GH.
With one cement bag, you can get about 32 blocks, now multiply 2.50 x 32 = 80gh, and with sand included you can get about 70% profit on each cement bag. So, now you see how much profit you can gain.
Best Areas (Places) To Start Block Factory Business In Ghana
The best areas to start a block factory are areas that are being developed.
This is because there will be quite a number of new constructions taking place, so being close to these sites will be very beneficial to the people working on these sites as well as the block factory owner.
How To Make Block Factory Business Successful
To make your block factory business successful, you must choose quality over quantity.
Additionally, you must be prompt in delivering goods to customers as no one likes delays.
It would be best if you also had the required equipment and not always improvising.
Challenges You May Face In The Building Industry In Ghana
One major challenge is the availability of personnel.
Since this is a tedious venture, searching for workers is sometimes difficult considering that many people prefer white-collar jobs to these jobs.
Benefits of Setting Building Block Business
There are enormous benefits; however, the paramount benefit is about having profit.
Also, you will actually have the chance to learn more about new trends when it comes to construction – new materials being used for building houses and many others.
That is all we have for you on how to start a block factory business in Ghana.