Embark on a journey of innovation and style with the manufacturing and marketing of spectacle frames crafted from plastic cellulose acetate sheets. These frames serve not only as essential items for those with visual impairments but also as fashionable accessories for sun protection. The project aims to produce 1,300 sets of spectacle frames monthly, totaling 15,600 sets annually, with an estimated revenue potential of US$546,000 per year, boasting a net profit margin of 14% and a quick payback period of 3 months. The total investment required for this venture is US$17,510.
Production Process
The manufacturing process of spectacle frames involves crafting them in two parts: the front piece that holds the glasses and the sides that are attached to each side of the front. Specifications such as Eye size and Bridge size determine the fit and style of the frames, catering to various preferences and needs of consumers.
General Costs (Overheads)
To ensure operational efficiency, production costs are considered for 312 days per year, with a daily capacity of 231 spectacle frames. Depreciation is calculated over a 4-year period at a rate of 25% annually for all assets. Direct costs cover materials, supplies, and expenses directly related to production. A production month comprises 26 working days, optimizing the production output.
Market Analysis
With the growing trend of individuals using spectacles as a fashion statement and embracing the functional aspects of sunglasses, plastic frames offer a blend of style and affordability, appealing to a wide market segment. The availability of trendy and fashionable frames at competitive prices enhances their market demand and consumer acceptance.
Availability of Raw Materials and Equipment
Raw materials and equipment play a crucial role in the production of spectacle frames. These essential components are imported from leading manufacturing hubs such as Japan, China, and Germany, ensuring high quality and precision in the manufacturing process.
In conclusion, delving into the realm of spectacle frame production in Kenya offers a blend of functionality, style, and market viability, catering to the diverse needs and preferences of consumers seeking both visual correction and fashion-forward accessories.
