Introducing a Simple Solution for Artistic Expression
This blog presents a business idea focused on manufacturing colored wax crayons in Kenya. Colored wax crayons are in high demand, particularly with the recent policy reforms in the education sector. They are widely used by children, artists, and professionals for various purposes, including drawings, sketches, and business presentations. By setting up a plant for colored wax crayons, entrepreneurs can tap into this growing market, catering to both urban and rural consumers.
Inspiring Creativity with colored Wax Crayons
Colored wax crayons are valuable educational aids, allowing individuals to express their creativity through drawings and sketches. With the increasing emphasis on art education and creative expression, the demand for colored wax crayons has skyrocketed in Kenya. These versatile tools are popular among children and utilized by artists and professionals for various applications. By venturing into colored wax crayon production, entrepreneurs can contribute to the availability of these essential tools in Kenya.
Production Process: Melting Wax into Vibrant Colors
The production process for colored wax crayons involves melting wax with the appropriate dye or pigment. Fillers are added to the melted wax, and the mixture is then cast into the required shapes and sizes. Finally, the crayons are wrapped and packed in cardboard boxes, ready for distribution. The envisaged plant would have a minimum capacity of 192.3 boxes (1 gross per box) per day, based on 312 working days in a year and a single 8-hour daily work shift.
Capital Investment Requirement: Establishing the Production Facility
To set up the colored wax crayon production plant, a capital investment of US$2,720 is estimated. This investment allows for a production capacity of 59,998 boxes annually, with projected revenues of US$59,998 per year and a net profit margin of 45%.
Market Analysis: Meeting the Demand for colored Wax Crayons
With the growing education base in both urban and rural areas, the use of colored wax crayons has witnessed a significant surge in recent years. Educational institutions, including nurseries and vocational colleges like art academies, are key target markets for colored wax crayon supplies. Additionally, bookshops and stationery shops provide additional avenues for distribution and sales.
Sources of Machinery and Raw Materials: Local and Imported Options
Wax, the primary raw material for colored wax crayons, can be sourced locally at affordable prices. However, there is also an option to import wax if necessary. Machinery for crayon production can be sourced from various suppliers, both domestically and internationally.
By venturing into colored wax crayon production, entrepreneurs can fuel artistic expression and creativity in Kenya. With a ready market, accessible raw materials, and a simple production process, this business idea offers a promising opportunity for individuals seeking to enter the art supply industry.
