Business Idea: In today’s changing lifestyle, everyone is looking for a way to increase their income. Doing a side business along with a job has now become a common thing. In such a situation, if you are also thinking of earning big profits with a small investment, then the business of making all-purpose cream can be a great option for you. The demand for this product is increasing continuously, and it is being consumed from village to city.
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Why is the demand for cream increasing
People have now become aware of fitness and skincare. Looking beautiful and attractive has become a need for everyone. This is the reason why there is a flood of creams and beauty products in the market. Especially the demand for all-purpose cream has increased rapidly because it can be used by people of every season and every age.
Unit installation cost and investment
According to the report of Khadi and Village Industries Commission (KVIC), the total cost of setting up an all-purpose cream manufacturing unit is Rs 14.95 lakh. However, you will need to invest only Rs 1.52 lakh from your pocket. You can take the remaining amount under the PM Mudra Loan Scheme. A term loan of about Rs 4.44 lakh and a working capital loan of Rs 9 lakh can be easily obtained.
A space of about 400 square meters is required for this business. You can also rent land. Machinery and plant will cost around Rs 3.43 lakh, furniture will cost Rs 1 lakh, pre-operative expenses will be Rs 50 thousand, and working capital will be needed around Rs 10.25 lakh.
Earnings estimate
The report shows that if you start working at full capacity, then after deducting all expenses in the first year itself, you can earn a net profit of up to Rs 6 lakh. As the business expands, the profit will also increase, and by the fifth year, it can exceed Rs 9 lakh.
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What is All-Purpose Cream
All-purpose cream is a white, sticky cream that moisturizes the skin and protects it from dryness and dehydration. It is useful in every season and is especially consumed a lot in beauty parlors. Its demand is increasing rapidly from small towns to big metros. This is the reason why it is possible to start it on a small scale and reach a large scale.