Packaging Company Business Plan In Nigeria Feasibility Study

Packaging Company Business Plan In Nigeria Feasibility Study

Table of contents

1.0 Executive Summary

2.0 Background

2.1 Introduction

2.2 Vision

2.3 Mission

2.4 Ownership of the Enterprise

2.5 Legal status

2.6 Location and Facilities

2.7 Product/Services

2.8 Business strategy

2.9 Key success factor

2.10 Revenue base

3.0 Marketing and Clients

3.1 Inherent risk

3.2 Business ownership

3.3 Location factors

3.4 Available markets

3.0 Products

3.1 Products description

3.2 Costing

3.3 Market demand

PART ONE

VICKY GOODS PACKAGE INDUSTRY

1.0 EXECUTIVE SUMMARY of Packaging Company Business Plan

1.1 The following report and recommendations relate to the proposal by
VICKY goods package industry to establish a factory at South-East,
Emene, Enugu-State.

1.2 The project would require a start-up capital of X naira, made up
of Y naira for fixed asset and Z naira for working capital.

1.3 The enterprises vision is to be the most outstanding manufacturer
and distributor of goods packages in the south-East of Nigeria,
particularly Emene.

1.4 The project will be located at Emene because of its easy access to
target market from that location.

1.5 A huge market is available for the business to serve.

1.6 The financial projections show that the project would be
financially stable and liquid by the time it matures. The sales
figures stand at N1, 780,000 for year 1, year 2 and year 3
respectively. Also, the profits after tax are :(N858000), N2096000 and
N2650000 for year 1, year 2 and year 3 respectively. The cash flow
position is equally good and encouraging by the second year through
the third year.

1.7 The competitive edge of the company lies in its ability to
manufacture goods packages with an exception in quality and
durability.

1.8 The profitability measures are as shown (In the business plan)

PART TWO

2.0 INTRODUCTION of the Packaging Company Business Plan

The planned VICKY goods package project is the result of the needs
assessment studies undertaken in the South Eastern Zone of Nigeria,
particularly Emene by the promoters of this project. The studies
reveal that the demand for goods package nationwide is much
considering the simple hypothesis that out of every one hundred
Nigerians, 90 people use one goods package or the other. Now, no
matter the number of production plants which presently exist in
Nigeria cannot cover or meet the demand of goods packages. Therefore
need for goods packages in a city like Emene cannot be overemphasized
considering the various commodity produced in this region in the
country.

2.1 VISION

To build up a dealership network of 15 knowledgeable and efficient
industries and companies who will represent Vicky goods packaging
industries in areas outside direct sales from the factory.

2.2 MISSION

To segment the market for goods packages by providing niche products
to specialized industry sectors who are otherwise not properly
serviced by large goods package suppliers.

2.3 OWNERSHIP OF THE ENTERPRISE

The business is a sole proprietorship wholly owned and managed by
Maduakor Victor.

2.4 LOCATION AND FACILITIES

The goods package project is located at South-East Emene. What
informed the choice of this location is:

1) Availability of land to contain expansion of the company

2) Availability of cheap and reliable labor

3) Existence of good road network and ease of market access

4) There are available chemicals, and regenerate waste to be handled
or concerned with on-site.

2.5 PRODUCT/SERVICES

The company is into domestic merchandise. VICKY goods packages is
engaged in a specific branch of this business called “polythene based
and paper based products “within this branch, the company plans to
emphasize a further service specialization known as “segregated
regeneration,” as opposed to “bulk regeneration.”

2.6 BUSINESS STRATEGY

VICKY goods package industry’s capability can be arranged virtually in
a day and can be easily expanded to accommodate growth. There are
availability of chemicals, and regenerate waste to be handled or
concerned with on-site. Flexibility in goods quality and durability
are provided.

2.7 KEY SUCCESS FACTORS

The primary keys to success are:

1. Good quality control in the factory. Customers for high quality
goods package business have a very low tolerance threshold for flaws.

2. Fast response. In the case of most of VICKY goods package
Industries’ customers, the cost of the goods is not a major element in
their over-all costs, but a very expensive shut-down could result due
to poor packaging servicing.

3. High-profile allegiances. Key to over-all company success is
connected closely with success in achieving the goal of developing a
dealership network of service-oriented goods companies.

4. Existence of reliable market outlets

5. The main promoter has undergone training in entrepreneurship

2.8 INHERENT RISKS

a. Will the implementation of this project attract more entrants to
the business to compete with

b. Provision of basic utilities like water supply and electricity is
not guaranteed.

PART THREE

3.0 MARKETING AND CLIENTS of Packaging Company Business Plan

This project will provide the entire Emene community and its environs
with durable and quality goods packages, a sustainable income
generating business, education and employment for the society, while
promoting the health and well being of the people and protecting their
natural environment.

3.1 NATURE AND SIZE OF THE MARKET:

There is increasing demand for goods packages and has created a big
supply gap and there is no restriction in the people entering the
market.

3.2 TARGET CLIENTS:

The target market for packaged products includes everyone, from the
young to the old. It covers:

a. Households and hospitals

b. Workers

c. Schools

d. Business places

e. Worship centers

f. Market places

g. Eateries, posh and local restaurants

h. Formal gatherings and events

i. Parties and celebrations

3.3 PRODUCTION PROCESS

Setting up a factory for production of goods packages is easy. All
that is needed are briefly explained below:

i. The Production Site: This comprises of six (6) sections

a. Production room

b. Storage room (finished products)

c. Raw materials room

d. Clock room (changing room)

e. Office

f. Toilet with wc/wash hand basin

ii. Equipment/Machines

a. Automated form and seal machine

b. Industrial filters

c. UV-Light for sterilizing materials and finished products

d. Plastic storage tanks/overhead tanks

e. Cup filters/micro filters

f. Drilling of Borehole

iii. Materials

a. Used polythene

b. Packing bags

c. Workers

3.5 SERVICE DELIVERY

Our goods packages and sachets are distributed to our various
customers and sales outlets through the use of the company’s trucks.
The service products offered by Vicky goods package industry are
segregated as well as bulk regeneration of fairly used goods package.
The service is offered in three tank sizes of 3.6, 2.5, and 1.4 cubic
feet (cu ft). In these sizes, the company will offer:

· Mixed bed (combination of anion and cation regenerated resin)

· Cation regenerated resin

· Anion regenerated resin

· Carbon (used for pre-filtering)

GET THE COMPLETE PACKAGING COMPANY BUSINESS PROPOSAL / FEASIBILITY REPORT. To place an order, pay N10,000 to

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

After payment text your name and e-mail address to 08060565721 and you’ll receive your PACKAGING COMPANY BUSINESS PLAN / FEASIBILITY STUDY IN NIGERIA.

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