Palm wine business is profitable and easy to establish. There
are very few competitors except hard liquor hangouts. The business template is
simple however sourcing the product is slightly challenging. Startup capital is low and you need to know your product.
Different
Types of Palm Wine Businesses
There are different types of palm wine related
businesses. You could grow the palm tree or become a palm wine tapper.
Others are wholesale, retail, distribution and opening a
drinking joint. If you have the resources you could focus on bottling the
product.
By Nick Hobgood Peace Corps Zaire,CC BY 2.0, via Wikimedia Commons |
Palm
Wine Businesses
- palm wine tapper
- wholesale
- retail distribution
- drinking joint
- Bottling the Product
- export
Importance
of Palm Wine
The brew is commonly found in beer parlors, bars,
restaurants and supermarkets. Palm wine
is served on special occasions, events and ceremonies. It is use in traditional
ceremonies, traditional marriages, funerals and engagement parties.
- Job creation
- served on special occasions
- events
- ceremonies
- traditional ceremonies
- traditional marriages
- funerals
- Engagement parties.
Write
a Business Plan
Write a palm wine bar business plan and carry out a
feasibility study. The plan should focus on location, funding and sourcing the
products. Others are customer demography, securing a license and purchase of
equipment.
Location
Make sure you select an ideal location for your bar. The location
should be visible in a highly commercial area.
Popular locations are close to artisans, commercial area
or residential areas. Rent a small shop in a busy area especially close to beer
parlors.
Palm
Wine Bar Equipment
The bar requires some basic equipment to function
optimally. You need a good sized refrigerator
or freezer and benches.
Purchase plastic storage units, drinking cups and water
jugs. Make sure you decorate the joint appropriately. Equip the bar with a
television set, electric fan and soft music.
Equipment
- refrigerator
- freezer
- benches
- Plastic Chairs
- Tables
- plastic storage units
- drinking cups
- calabash
- water jugs
- television set
- electric fan
- music system
Sourcing
the Product
You need a credible source for the product. Bars located
in rural areas have lots of suppliers unlike those in urban locations.
However urban dwellers pay higher premium for the
delicious brew. Make sure the supplier provides high quality wine.
Licensing
The only license you need is a liquor license and trade
license. Make sure you pay your taxes to the state government and join bar
owners association. Don’t forget to register a business name.
Marketing
The business is location specific and requires on-site
advertisement. Place a signboard in front of the bar to attract customers.
Sell high quality unadulterated palm wine to your
customers. Play local music that the customers can identify with.
Increase income by including fried meat, fish, local fast
food delicacies and pepper soup. Palm
Wine bars sell local dishes like goat head, Abacha, vegetable meat and Nkwobi. Hire
a sales girl and provide light entertainment.
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