Investment in the cold storage business is very essential and important. Business owners always make a draw first on how much they need to invest in the cold storage business. As per that, they have to analyze their liquid cash flow and need to finalize how much they will invest or take a loan for their business. Now, to make a financial analysis, a strong experienced consultant always require who can assist you in this regard!
Cold storage investment cost contains land acquiring, building construction, obtaining license and permission, managing utilities like electricity, water, etc. And you need to invest a huge amount in purchasing a cooling machine for a cold storage unit. If you will buy a modern and efficient cooling machine then it will be better for you. You have to monitor working capital details as well. The main factors that need to consider are utility bill payment, staffing, and promotional expenses. You have to make a plan like how much investment for cold storage requirements and based on that you need to take a loan.
How much need to invest?
Based on the cold storage unit scale, the investment and cost will depend. Though a report shows, that if you want to set up 5000 MT cold storage in India, then you may need to invest 3 to 4 cr for this purpose. If you have a small budget, then you can invest less and build a medium or small-size cold storage unit. In India, you can also set up a unit within 30-50 lakhs but in that case, you need to rent the land and need to hire small land and you have to move in a cost-efficient way. Its true investment for cold storage is very important because based on that you need to proceed.
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what are the benefits of a cold storage room?
Cold storage always helps products from degradation. This will work on the principles of refrigeration. You can store fruits and vegetables in a cold store for a long time. This is the best place for fruits and vegetables because it has an adjustable temperature. It also controls the moisture and makes the cold storage room perfect. Cold storage has low-temperature control technology and if you will open multipurpose cold storage, then you need different types of the temperature control system.
So,investment in cold storageis very essential and important as well. You have to understand the process, working process, business plan, and other details. If you want to avoid such a problem then hiring an expert in this regard is always essential. It helps to increase the profit ratio and reduce the wastage of food. Try to use cold storage for different types of items such as perishable food, fruits, and vegetables. Choose the best deal from the market or you can consult with me as I have years of experience and guide you properly to get a successful business.
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