Cashew Nuts Sales Business Plan In Nigeria
The Company XYZ Limited is registered as a business name under
the Part B of the Companies and Allied matters act of 2004 LFN.
The Company is into the business of purchases Sales of Cashew nuts
The Company intends to expand her existing business of Cashew nuts sales. The expansion is on the loan to be secured from …. Bank Plc.
To produce the best and quality Cashew nuts with nutrient and vitamins based for Nigeria’s economy and export beyond expectation and specification.
OBJECTIVES OF STUDY:
The objectives of the feasibility study/ Business plan are:
- To evaluate the operational profitability of the facility.
- To ascertain the demand potential of Cashew nuts both locally and internationally.
- To ascertain the operational requirements, Land requirement for expansion, personnel requirements other operational costs, marketing and administrative requirements for a sustained growth.
EXECUTIVE SUMMARY OF CASHEW NUTS SALES FEASIBILITY STUDY
Cashew is a tropical crop grown commercially in the of Nigeria and predominantly in Abia, Anambra, Akwa Ibom, Benue, Cross River, Delta, Ebonyi, Edo, Ekiti, Enugu, Imo, Kogi, Nassarawa, Niger, Ogun, Osun, Oyo, Taraba and Kwara.
Interestingly, cashew nuts can be grown in almost all the states of Nigeria. Cashew nuts are greatly demanded in the international market, cashew nuts from Nigeria enjoy a wide patronage in the international market. This is as a result of the quality standard and its importance to pharmaceutical companies and uses as seasoning and snacks for food in Europe, Asia, Middle East and America.
A large quantity of cashew nuts is available in Auchi areas in Edo State and some parts of Kogi State.
There is never a year when exporters of cashew nuts in Nigeria are able to meet up with the demand of cashew nuts by their respective iimporters/buyers; this single reason makes cashew nuts business a very lucrative venture for any potential investor. Harvesting of cashew starts in February and it is commercially available also in March, April and May.
The project involves the buying/sourcing of Raw Cashew nuts from farmers, LBAs (licensed buying agents) and sales of same to exporters/international buyers.
The company have the manpower required to run the project. We have a very efficient team that will be involved fully on the field while procuring and processing the raw materials.
We have experienced procurement managers, quality control supervisor, accountant and export manager.
The purpose of the study is to evaluate the viability of the loan to expand the present level of the Company’s operation.
From the Study/projection the viability of the business has been established as the company will be able to pay back the loan within the agreed Twelve-month period.
NATURE OF BUSINESS PLAN/FEASIBILITY STUDY
PRODUCT DESCRIPTION- Cashew Nuts
Cashew is seasonal fruit; the most important thing is you cannot eat cashew in raw form it
needs to be processed before it can be consumed making it edible. Cashew Nut processing
Unit is a small-scale profitable business hence the demand for cashew nuts is very high.
Nigeria has about 600,000 surviving cashew trees spread across the East, West, South and Northern Nigeria, with an average yield of about 200kg to 400kg per hectare of land.
Demand and Supply
Cashew is available in almost every part of Nigeria but it is commercially available in Kogi, Kwara, Oyo, Nasarawa, Benue, Enugu states of the federation. Kogi state has the largest concentration of cashews in Nigeria, but the best quality of cashew nuts can be found in Ogbomosho, Oyo state. Nigeria has one of the best cashew nuts and is the 4th largest producer of cashew nuts worldwide.
Ogbomosho has the best cashew nuts in Nigeria, this is necessary because of the quality available in the town and most importantly, it commands the highest price in Nigerian cashew markets. It is never rejected by buyers.
SUPPLY CHAIN – the main source of supply is the local buying agents (LBA). They source directly from the farmers, at this stage, it is difficult to buy directly from the farmers, you have to deal with the LBAs, with the number of LBAs at your service, you can be assured of procuring between 100mt – 200mt of raw cashew nuts weekly.
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