Supply of security equipment

For sale by kolawole Isaac VERIFIED25 Aug 1:25 pmIkeja, Lagos


Executive Summary
This business plan provides an overview of Supply and Installation of security and safety equipment agency. Experiences of Supply of security gadgets in various parts of Nigeria will be presented but concrete examples will be assumed to be in Lagos. Details about the economic climate, the security industry, customer profile, and the competition that the business appears would be profiled. The expected financials and operations over the next three years will also be given.

Business Opportunity
Selling safety equipment will always be a viable business endeavor since accident occurs at any time or anywhere and to anyone with almost no warning at all.
Every year we hear reports of people dying or being seriously injured due to poor security measures. This is why now more than ever, people are becoming more aware of the need to take reasonable security prevention measures.
Insecurity in Lagos has driven the proliferation of the sales of security and safety equipment and more importantly security companies over the past two decades. Private Security Companies are defined by their provision of essentially defensive, unarmed services to businesses, property owners, home owners/landlord offices and banking industry.
Supply of security equipment makes an important supplementary contribution to security companies by inexpensively protecting businesses, individuals, hospitals and banking industry, thus enabling prosperity. They also represent a significant employer, particularly for individuals not qualified for security work. Despite the country’s petroleum riches, the broader economy has declined over the past two decades. While segments of the population have benefitted massively from oil wealth, most Nigerians remain poor leading to extreme inequalities and a rise in crime and general insecurity. Wealthy residential and commercial areas are increasingly being transformed into enclaves, and installation of safety equipment is considered essential by the vast majority of households and commercial establishments that can afford it.
On the negative side, supply of fake or substandard security and safety equipment packaged and sold at the cost of original ones often mar the positive growth of the business which leads to customer disloyalty and distrust. Also, fluctuating prices of security equipment caused by import duties at specific period of time often lead to disappointing return on investment. However, the business owner should not re-invest in slow selling security equipment in order to break even and possibly make huge profit.

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