If you are planning to start any business in Kenya, you might get lost in your own world due to lack of information. To prevent this from happening, I have decided to give you a Capital Breakdown For Businesses to start in Kenya and a list of popular business ideas that you would need to start your dream business venture.
Depending on the nature of the business you want to start in Kenya, you may need to obtain permits and licenses to operate your business legally. Many of these, like meats and liquor trading licenses, are issued by the city or local authority. Others, like mining and exploration permits, are issued by the central government.
Capital Breakdown For Businesses To Start in Kenya
It is also important to understand the various tax requirements when starting a business in Kenya. The Kenyan tax system is administered by the Kenya Revenue Authority (KRA) and comprises several taxes that businesses must pay.
Below is Capital Breakdown For Businesses to start in Kenya
1. Capital Breakdown For Gym & Fitness Business
If you can draw in a steady membership base, running a gym or fitness center can prove to be financially advantageous. Your gym can stand out from the competition and draw clients by offering a wide range of classes, cutting-edge equipment, and a friendly atmosphere—all while keeping operating costs within reason.
Total cost depends with location and type of machines bought. It is ideal to start this type of business in an upcoming middle-income residential area targeting the working class.
- Low income areas – Ksh400,000
- Middle income areas – Ksh600,000 to Ksh1,500,000
- High income areas – Ksh2,000,000 to Ksh 3,500,000
2. Simple Barber Shop Capital Breakdown
You have three options here. Either to start a small barber shop to cater to low income earners, average business for middle class or an executive one for the high-end market.
- Small Business – Ksh80,000
- Average Business – Ksh700,000
- Executive Barber Shop – From Ksh1,000,000 upwards
3. Beauty Business (Cosmetic Shop)
Despite intense competition, the beauty sector is nonetheless thriving globally. In this instance, we are discussing a tiny store that sells modest goods like body oils, nail paint, lotions, weaves, and other cosmetics.
- Small Business – Ksh30,000
- Average Business – Ksh200,000
4. Wines & Spirits Business
Depending with the size and location of your choice, the cost of starting a small wines and spirits pub may vary in the range of:
- Small Pub – Ksh250,000 to Ksh450,000
- Medium Sized – Ksh700,000
- Large Sized – Ksh1,000,000 to Ksh2,000,000
5. Butchery Business
The cost of starting a butchery in Kenya depends with location and size of the shop. It is advisable to have your butchery located in a place with high human traffic e.g. near a bus terminus or a busy street.
- Low Income Areas – Ksh150,000
- Middle Income Areas – Ksh300,000 – Ksh600,000
- High Income Areas – Ksh700,000 – Ksh1,500,000
6. Small Grocery Shop
The cost of starting a small grocery shop depends with the location, size of shop and type of products being sold.
- Small Shop – Ksh80,000
Medium Shop – Ksh200,000
Large Shop – Ksh500,000 to Ksh1,000,000
7. Professional Photography Business
This is more of a service-based business. You need to be talented, passionate and creative about taking photos if you want to survive in this industry (it’s quite competitive, we should add).
- Small Studio – Ksh150,000
- Ideal Studio – Ksh500,000
- Big Studio – Ksh1,000,000
8. Second Hand Clothes Business
Depending on the size of the company. You can increase sales of your products by utilizing social media’s influence. Shopping for inexpensive used clothing is possible in large marketplaces like Nairobi’s Gikomba and Ngara markets.
- Micro-sized Business – Ksh10,000 – Ksh50,000
- Small Business – Ksh100,000 – Ksh250,000
- Average-Sized business – Ksh350,000 – Ksh1,000,000
9. Mobile Money Agency Business
This involves M-Pesa, Orange Money, Airtel Money and other forms of agency banking. Cost may vary from one provider to another but on average these are the charges.
- Small Shop – Ksh250,000
- Medium Shop – Ksh500,000
- Large Shop – Ksh1,000,000 upwards
10. Cake Baking Business
A baking business offers a range of baked goods and treats to customers who seek high-quality and delicious products. Services can include custom cakes, pastries, cookies, bread, cupcakes and more.
- Small Business – Ksh80,0000
- Average Business – Ksh200,000
- Fully-fledged Business – Ksh500,000
11. Car Wash Business
Again, the viability of this business depends with the location and size of the business. Availability of clean water is yet another of the important factors you should consider.
- Small Business – Ksh80,000
- Medium Business – Ksh 150,000 to Ksh500,000
12. Professional Cleaning Business
This business charges a fee to clean and arrange homes and businesses for its customers. You maintain your clients’ environments immaculately clean by using premium cleaning products and the most recent cleaning methods. You can never go wrong with trying your hand at the cleaning industry; it has a lot of promise.
- Small Business – Ksh200,000
- Average Business – Ksh1,000,000 – Ksh3,000,000
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