In the world of business ideas, venturing into an oil mill business can be a recipe for success. After all, the kitchen remains incomplete without edible oil, and the demand for this essential commodity is steadily on the rise. Sometimes, oil prices soar, while at other times, they experience a dip. This dynamic nature of the industry makes it an attractive choice for budding entrepreneurs, especially given its low startup costs and long-term profit potential.
Launching an Oil Mill From Villages to Metros
Oil mills, often found in villages, are typically used to extract oil from mustard seeds. What’s fascinating is that this business can commence on a small scale, and in the past, it necessitated large machinery for oil extraction. However, modern times have brought forth compact, cost-effective machines that require minimal space and labor to operate.
Cost of Setting Up an Oil Mill Expeller Machine
To embark on this journey, your first step is to acquire an oil expeller machine, priced at approximately Rs 2 lakh. Additionally, securing licenses and registrations, particularly from the Food Safety and Standards Authority of India (FSSAI), is crucial to operate a legal oil mill. This setup generally incurs a total expenditure of around Rs 3-4 lakh. Scaling up the operation may slightly increase costs. The oil expeller machine efficiently presses seeds to extract oil, yielding both oil and cake, the latter of which can be sold as animal feed.
Maximizing Profits from Your Oil Mill
To bring your oil to market, you can explore online marketing channels and package your product in tins or bottles. Once you’ve made the initial investment, this business offers the potential for substantial and sustainable income over the years. Your expenses are likely to be recouped within a few months, and the risk of losses in this venture is minimal.