Candle making in Kenya is still a very green business venture that holds a realistic and stable future. Ask yourself or even your grandfather and you’ll realize that candlesticks have never depreciated in value despite the many lighting options that exist.
In fact, this product has very many functions apart from being used as a source of light. Keep your concentration as you read below to discover the millions right behind candle making in Kenya
In fact, for you are reading this, I may say that luck is right by your side. Sounds good! Huh? It’s not a joke. The facts behind candle making in Kenya are as open as daylight and you’ll see them right here.
For your information, whenever you think of new a business idea its good do some market research so as to establish whether there’s demand for it. You can begin with your immediate local market and then advance to other small centers.
What makes candle market outstanding?
As an immediate lighting alternative, candle becomes just like a basic need. Every house, especially in developing countries, must possess at least a candlestick. Yes, there are established power lines that provide electricity but this can never wipe-out the need for candles.
Even you reading this you must have so far realized its essence. Another fact is that kerosene lamps are no longer used as before since they’ve been noted as unsafe and even expensive. Unsafe in the view that once the lamp is knocked down, the paraffin spreads faster hence raising its destructive ability in case of a fire accident.
Second, buying a kerosene lamp plus the paraffin is very expensive. With as low as 10/= a household can get a 5 hours candlelight. While on the other hand, an empty kerosene lamp goes for 500/= plus let’s say another 10/= for the paraffin. Despite all these, still, the 10/= worth of paraffin will hardly serve you for even 3 hours. So you can see financial analytic that highly approves candle making in Kenya.
So who can engage in this candle making business?
The answer is anybody both as long as you get the necessities to kick start. The requirements to begin candle making business are almost the same worldwide. All you need is a candle making machine, materials and a source of heat for melting.
Candle Wax is the prime material required in this business and which is also cheap and readily available. If you decide to begin as a small scale business candle in producer in Kenya, you have no reason to worry since you can outsource the wax from the few importers. One well-known importer of wax is a company known as DESBRO, which is located in Nairobi industrial area.
Now when it comes to machine cost, what matters is the number of holes that define the price. One mold (hole) in average costs 1000/=, so if you want a 20 mold machine it simply means you’ll pay khs20, 000.
For 100 holes candle making machine that is equated to 100,000/=. Remember that the only costly asset here is the machine but it’s an investment worth acquiring considering the returns.
You can decide to brand your product with neat packaging in the quest to make it appear more industrial and official. And off-course all this is done cheaply.
Candle making in Kenya is very profitable as earlier mentioned. There is always a ready market for candle products and mostly when you are dealing with lighting candles.
For instance, with a 25 kg wax box, you can be sure to produce 1000 candles. So let’s do the math, one box of fully refined wax that weighs 25kgs will cost you 4500/=. The other expenses like fuel cost and transport may on the higher side cost you another 500.
Now take 4500 material cost, plus the 500 expense cost you get 5000/=. So in simple terms, we can comfortably say the production cost of candle making in Kenya is 5000/= per box. Therefore you only need to sell each candle at a throwaway price of 10/= to get 10,000/=, a 100percent profit for each production turn.