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Coconut Chips Business Plan In Nigeria Feasibility Studies

BusinessPlanNigeria

Coconut Chips Business Plan In Nigeria Feasibility Studies

This Coconut Chips Business Plan Proposal / Feasibility Study in Nigeria Can Be Used To Source for Bank Loans, Grants

coconut chips business plan feasibility studies nigeria

Coconut Chips

TABLE OF CONTENT OF COCONUT CHIPS BUSINESS PLAN IN NIGERIA FEASIBILITY STUDIES

1.0 Executive Summary 1
Chart: Highlights
1.1 Objectives 1
1.2 Mission 1
1.3 Keys to Success 1
2.0 Company Summary
2.1 Company History
2.2 Company Ownership
2.3 Company Locations and Facilities
3.0 Products 1
3.1 Product Description 1
3.2 Competitive Comparison 1
3.3 Sales Literature 1
3.4 Sourcing 1
3.5 Future Products 1
4.0 Market Analysis Summary 1
4.1 Market Segmentation 1
Table: Market Analysis 1
Chart: Market Analysis (Pie) 1
4.2 Target Market Segment Strategy 1
4.2.1 Market Growth 1
4.3 Industry Analysis 1
4.3.1 Competition and Buying Patterns 1
4.3.2 Main Competitors 1
4.3.3 Industry Participants 1
4.3.4 Distribution Patterns 1
5.0 Strategy and Implementation Summary 1
5.1 Marketing Strategy 1
5.1.1 Promotion Strategy 1
5.1.2 Distribution Strategy 1
5.1.3 Pricing Strategy 1
5.2 Sales Strategy 1
5.2.1 Sales Programs 1
5.2.2 Sales Forecast 1
Table: Sales Forecast 1
Chart: Sales Monthly 1
Chart: Sales by Year 1
5.3 Strategic Alliances 1
5.4 Milestones 1
Table: Milestones 1
Chart: Milestones 1
6.0 Management Summary 1
6.1 Organizational Structure 1
6.2 Management Team
6.3 Management Team Gaps 1
6.4 Personnel Plan 1
Table: Personnel 1
7.0 Financial Plan 1
7.1 Important Assumptions 1
Table: General Assumptions 1
7.2 Key Financial Indicators 1
Chart: Benchmarks 1
7.3 Break-even Analysis 1
Table: Break-even Analysis 1
Chart: Break-even Analysis 1
7.4 Projected Profit and Loss 1
Chart: Gross Margin Monthly 1
Chart: Gross Margin Yearly
Table: Profit and Loss
Chart: Profit Monthly
Chart: Profit Yearly
7.5 Projected Cash Flow
Chart: Cash
Table: Cash Flow
7.6 Projected Balance Sheet
7.6 Projected Balance Sheet
Table: Balance Sheet
7.7 Business Ratios
7.7 Business Ratios
Table: Ratios
Table: Sales Forecast
Table: Personnel
Table: Personnel
Table: Profit and Loss
Table: Profit and Loss
Table: Cash Flow
Table: Cash Flow
Table: Balance Sheet
Table: Balance Sheet
Table: General Assumptions

1.0 Executive Summary of Our Coconut Chips Business Plan / Feasibility Study

ABC company is a manufacturer of authentic African snacks which consists mainly of coconut chips. Our products are positioned at the high end of the market in terms of both quality and market value. ABC Coconut Chips Ltd, maker of Coco-crunch is a snack-evolving start-up that intends to produce quality assured, yet affordable and healthy snack foods, using coconuts as our main raw material. We intend to adopt our carefully and tested recipe that caters for the health and physical needs of our customers.

ABC Coconut has several objectives that they will achieve within the next three years. The first is an increase in sales reaching two hundred million naira by Year 5. ABC would like gross margins to be above 55%. We also hope to have 40 different outlets that will distribute our products. Lastly, we aim to become known as the premier and largest authentic African coconut snack producer in Nigeria with an ever-expanding geographic distribution area.
ABC has targeted three main customer groups to sell their products to. The first group is super markets / grocery stores. These grocery stores will then sell directly to the end consumer. This segment is growing at 75% and there are currently about 53 potential customers. The second group is wholesale distributors. This segment has a 100% growth rate with 5 potential distributors. The last customer segments are fast food/restaurant outlets which have a 45% growth rate. There are 18 potential fast food customers. As mentioned before, ABC snacks are healthy for both the young and old. The market in Nigeria has indicated that quality snack products have broader appeal and ABC has recognized this and acted accordingly.
While there are many competitors at the mid price point, both regional and national, there are few direct competitors at ABC Coconut chips company high price point. This is quite advantageous for ABC providing them with additional breathing room to establish as the premier brand of authentic coconut snack food.
ABC Coconut snack company strong management team of Chiamaka Aniuno and two officers will ensure sustainable growth for ABC. Chiamaka is the CEO and has over 5 years of food/snack industry experience. She is a graduate of Applied Microbiology and brewing from the Enugu State University of Science and Technology. She is a versatile entrepreneur with excellent quality and people’s strategic skills and has served in a quality control capacity at Mass Moore foods and Beverages Company. The officers bring over six years of financial control experience that was gained as CPA at Quality Gates Farms and Foods. ABC Management team, due to its seasoned strength will help ABC achieve the dream of being the premier and largest coconut chips manufacturer in Nigeria.
ABC will begin to reach profitability and forecasts a modest net profit in three years. The commensurate modest profit margin will be achieved from sales. The financials within the plan further reinforce the exciting nature of this business. We will need Ten Million Naira (#10,000,000) to commence operations, while we commit Two Million, Five Hundred Thousand Naira (#2,500,000) as our equity contribution.

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Coconut Chips Business Plan / Feasibility Studies

2.0 Business Description

Company Summary:

ABC the maker of Coco-crunch is a snack-evolving start-up that intends to produce quality assured, yet affordable and healthy snack foods, using coconuts as our main raw material. We intend to adopt our carefully and tested recipe that caters for the health and physical needs of our customers.

2.1 Goals and Vision
Increase sales significantly over the next three years.
Improve gross margin % over the current product line and maintain that level.
Add products and services to meet market demand, again at high gross margin.
Improve inventory turn-over; reduce the cost of goods sold while maintaining the high quality of the products.
To provide jobs to the eastern Nigerian community that are rewarding and fulfilling.
Become the largest coconut chips making company in Nigeria.

2.2 Mission Statement
We redefine the act of snack-making by balancing the requisite nutritional needs of both children and adults of all ages. Improving on what is available and providing new products and services to the areas of need will assure our success in a market driven by consumer demand.

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2.3 Our Competitive advantages are:
Delivering high quality products that set themselves apart from the others in taste and value.
Providing service, support, and a better than average margin to our dealers.
Increase gross margin %.
Bring new products into the mix to increase sales volume.

2.3 Definition of the Market (Coconut Chips Business Plan)
Industry Description
With her population, Nigeria provides a large and attractive retail snack sector. The major traditional foodstuffs consumed by the majority of the population including corn, coconuts, sorghum, tubers, sea foods are predominantly unprocessed and/or semi processed. However changing demographics and lifestyles are resulting in increasing consumer preference for wide range of convenience processed and packaged as well as nutrition foods. These are assisting Nigerian retail food/snack sector to expand.
Nigeria’s domestic manufacturing recorded average capital utilization of 53% in 2010.

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Nigeria had a history of developed supermarket industry until social and economic changes in early 1980s diminished the country’s middle class significantly. Since then most Nigerian shop at traditional open air markets or purchase their goods from traders or street vendors. Currently, Nigeria’s retail food sector consists of supermarkets, convenience stores / small groceries and traditional open air markets sharing 1%, 34% and 65% of total retail food sales respectively.

Business Plan On Coconut Chips Production

3.0 Description of Products and Services

ABC coconut company sells its authentic African made coconut chips to an ever-growing clientele. Originally geared toward the local Onitsha community, the market will be expanded to include a much larger geographical area, in addition to a very broad consumer response.
We are selling quality and product-uniqueness in a market segment filled with competition. Our approach is to take our product image up-market because of our rich heritage and uncompromising view of product quality. This focus will enable us to view the voids in the market, and add product to our line that will fill it. We have researched and reviewed other ethnic food item organizations, tracking their successes and positioning ourselves similarly.
ABC Coconut Chips company is building a reputation for high quality and strong value in a product filled with authentic African flavor. We service our dealers just as if they are a part of the family – and that is our unique approach to marketing our products. You are not just a dealer; not just a consumer; you are special to us – you are family. We go to great lengths to provide our dealers with high quality products, and the ability to make a good margin on them. In addition, we make ourselves available for on-site demonstrations of the product at no charge to them. We hope to continue offering this service, but at a minimal cost to lower our expenses in the future.

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3.1 Product Description of our Coconut Chips Business Plan

Our Coconut chips are prepared by slicing the meat of mature coconut into 0.6-0.7 mm thickness, which is then dipped in osmotic medium like honey, and dried, in oven for half an hour. In most cities like Onitsha, Enugu, Owerri and Abakiliki etc this snack is a hot seller and hunger quencher. You can hardly lose money if you invest in coconut chips.
The raw materials for production include:
Coconut
Cinnamon
Honey
Water
Packaging Nylon

3.2 Processing Method Patterns:
De-Husking: This is carried out to remove the husk of the coconuts
De-Shelling: In this process, the shell is removed without breaking the kernel
Paring: This is done to remove the brown skin of the kernel in order to get coconut meat. This is normally carried out using a machine. Utmost care is required for removing the shell alone, without affecting the meat.
Washing: The coconuts are washed using clean water
Dewatering: The coconuts are dehydrated using a dehydration machine
Slicing: The coconuts are sliced into very thin slices of 0.6-0.7mm thickness. This is done with the aid of a slicing machine.
Mixing: This process involves mixing the coconuts thoroughly with honey and cinnamon, using a mixing vessel.
Oven Baking: The mixed coconut chips are baked at a temperature of 80-90 Degrees Celsius for up to an hour. In order to avoid sticking to the pan, the coconut chips are gently rotated during the process of baking for about 1 hour, until chips get evenly brown or golden color.
Cooling: The baked coconut chips are allowed to cool at room temperature or with a cooling table.
Packing: The coconut chips are packed in the packaging nylon that is re-sealable.

3.3 ABC Coconut Chips Company Start-up Equipment includes:

Dehusking Machine
Deshelling Machine
Paring Machine
Washing/Dewatering Machine
Slicing Machine
Mixing Vessel
Industrial Oven
Cooling table
Packaging Machine

TO GET THE COMPLETE COCONUT CHIPS BUSINESS PLAN / FEASIBILITY REPORT (INCLUDING THE FINANCIAL PROJECTIONS AND ALL). Pay N10,000 to

GTBank (Guaranty Trust Bank)
Account Name – Chudi-Oji Chukwuka
Account No – 0044157183

After payment text your name, your e-mail address and bank teller number to 08060565721 and you’ll receive your COCONUT CHIPS BUSINESS PLAN / FEASIBILITY STUDY PROPOSAL.

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