Local Business Review: Learn about Mrs. Favour's Stores, No. 2 Mbak Road, Ifa Atai Uyo, Akwa Ibom State of Nigeria
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Introduction
Welcome to my blog. Today I will be reviewing the business of Mrs. Favour Stores. Mrs. Favour's store is located at No. 2 Mbak Road Ifa Atai Uyo Akwa Ibom State of Nigeria. She sells so may things in her store, both retail and in wholesale prices. Please read through as I give you a brief information about her business and some challenges encountered by the business as well as items sold at Mrs Favour's Stores.
Brief Information about Mrs. Favour's Stores
Mrs. Favour is a married woman with three kids, two handsome boys and one adorable princess. She is an indigen of Akwa Ibom State of Nigeria. She has been in this business or over 13 years now though not in the same location. She moved to the particular location six years ago and here is that is where I conducted the review. From my findings, she didn't just had the business idea and then go ahead to start the business. She said she had to undergo training by selling for someone for two years even when she has the money to start her own business. Her reasons was that she wanted to know the business very well and also be able to hand the challenges that the business will bring. She is actually doing very well in her business.
Let's find out some of the things soils in her store.
Some of the items sold in Mrs. Favour's Stores
There are so many items sold in Mrs. Favour's Stores. Some of them are:
- Rice
- Beans
- Garri
- Tomatoes paste
- Palm oil
- Vegetable oil
- Nylon
- Salt
- Seasoning Cubes
- Eggs
- Disposable plates
- Flour
All the items listed above are sold at both retail price and in wholesale prices.
Now let's see the prices of some of the products.
Products 1 (tomatoes, onga seasoning, coconut flavours rice)
The above pictures are sachet tomatoes, onga seasoning and coconut flavours.
For the tomatoes, a sachet is #100 that is about 0.5 steem when converted to naira at the current price of steem today.
The onga seasoning is #50 that is about 0.25 steem when converted to naira at the current price of steem today.
And the Coconut flavours is also #50 approximately 0.25 steem when converted to naira at the current price of steem today.
A bag of rice is #23000 that is 115 steem at the current price of steem today when converted to naira.
Products 2 (Palm oil)
In this picture are red oil in bottles. Full bottle of palm oil is #600 that is 3 steem and half bottle of palm oil is #300 that is 1.5 steem at the current price of steem today when converted to naira.
Products 3 (Tin tomatoes)
Tin tomatoes are of different sizes and the prices also differs based on the size of the tomatoes.
The big tin tomatoes is #1000 that is 5 steem and the small tin is #300 that is about 1.5 steem.
Products 4 (Yam and onions)
The yam as you can see in the picture above is of different sizes. The big one is #1500 that is about 7.5 steem and the smaller ones is #600 that is 3 steem at the current price of steem today when converted to naira.
Onion is sold at #200 at the current price of steem today when converted to naira
Things I like about buying from Mrs Favour's Stores.
She sold her things at affordable prices and SLO treat her customers well. She doesn't get irritated easily with her customers. She doesn't fail to appreciate her customers each time they buy from her.
Challenges
Just like every business has Challenges, Mrs Favour has her own Challenges.
- High cost of shop rent
- Lack of electricity
- Too many competitors
- High cost if things in the market making customers unable to purchase as they use to do.
Selfie of me when visiting Mrs. Favour's stores
Conclusion
Thank you so much for reading through the business review I presented to you. I will really appreciate if you visit my blog again for more post. It was nice interviewing Mrs Favour about her business and I believe you have learn one or more things about his review.
Note: All the pictures in the post was captured using my phone, TECHNO POP 2F.
Reviewed by @udyliciouz.
Mrs Favour's shop is full of edible items. Woaooah, she sells both wholesale and retail prices. That's pretty good. Honestly high cost of goods and electricity is always a challenge when you come to businesses her in Nigeria including high shop rent. But, we are still surviving by God's grace.
Mrs favour shop is really big, the shop rent is high because of the location of her shop, and you know now a days so many people venture into food stuff because of fast sell