BUSINESS IDEA FOR BEE KEEPING (APICULTURE)

 

Introduction

This business concept involves raising bees to produce honey and beeswax. The potential revenue is thought to be $8,300 annually. Cost of the project is US$ 8942.

Process Description

After utilizing the smoke pump to smoke out the bees, bee hives are opened, and honeycombs are manually compressed. Pressing machines are used to separate the honey from the wax to provide honey of higher grade. The extracted, warmed, filtered, and bottled honey from the honeycomb.

Market Analysis

Honey is highly sought after for both domestic use and medicinal manufacturing. Some beekeepers save the comb to manufacture candles out of the wax, and occasionally they combine it with maize flour to make ice cream cones. Wax is also needed by people who produce clothing, textiles for the home, and shoes. Small-scale farmers from all around the country are investing in this industry.

Capital Investment Requirements in US Dollars

item	unit	Qty	Unit cost	Total
Centrifuge machine	No	1	3000	3,000
Wooden beehives	No	50	15	750
Smoker pump	No	1	25	25
buckets	No	5	3	15
Hive tools	No	4	1	4
Protective wear	No	4	15	60
Filtering sieves	No	4	1.5	6
land	acre	3	750	2,250
Total cost om machinery				6,110

 

Production and operating Costs in US $ Direct materials, supplies and costs

general cost (overheads)	Prod. Cost/ month	Prod. Cost/ year
Utilities (power)	15	180
Utilities (water)	15	180
Salaries	50	600
subtotal	80	960
Total Operatin cost	236	2,832

 

Production was based on four quarters annually. Materials, supplies, and other expenses that directly contribute to the creation of the good are considered direct costs.

Project product cost and price structure in US$

item	period	Out put	Unit price	Total cost	Total revenue
honey	Per quarter	200	10	5	2,000
	year	800			8000
Bee wax	Per quarter	150	0.5		75
	Per year	600			300
TOTAL					8,300

 

Profitability Analysis in US $

Profitability item	Per quarter	Per year
Revenue
Honey	2,000	8,000
Bee wax	75	300
Less prod & operating cost	236	2,832
Profit	1,839	5468

 

Source of Supply of Raw materials and Equipment

All Equipment’s, tools and other Materials can be got from the local market. However, Bees can be got from the already practing farmers in this business.

 

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