ESSENTIAL OIL EXTRACTION (EUCALYPTUS OIL) BUSINESS PLAN IN NIGERIA
Essential Oil Extraction (Eucalyptus Oil) Business Plan in Nigeria
This sample Essential Oil Extraction (Eucalyptus Oil) business plan in Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Notes, Competitions, etc. Essential Oil Extraction (Eucalyptus Oil) business is a lucrative business that needs a lot of strategic Planning to start and a business coach like Dayo Adetiloye to help you start the Implementation.
BUSINESS DESCRIPTION OF ESSENTIAL OIL EXTRACTION (EUCALYPTUS OIL) BUSINESS PLAN IN NIGERIA
Business: ESSENTIAL OIL EXTRACTION (EUCALYPTUS OIL)
Industry: Essential Oil Industry (Essential Oil Extraction (Eucalyptus Oil) Business plan in Nigeria)
PATILAD is an Essential Oil Extraction (Eucalyptus Oil) company based in Ogun State, Nigeria. We are registered as a limited liability company owned by Dayo Adetiloye, Pelumi Agunbiade, and other investors under the Nigerian Corporate Affairs Commission (CAC) and legally licensed by the National Agency for Food Drug Administration and Control (NAFDAC) here in Ogun State. We have also been able to secure all necessary permits and documents from all concerned departments across all levels.
Since incorporation, the company has achieved the following milestones:
- Developed the company’s name, logo, and website located at patiladoil.com
- Determined building, equipment, and fixture requirements
- Began recruiting key employees
We are involved in the production of the finest quality essential oils extracted from several plants such as grapefruit, bitter orange, pine, lemon grass, bay leaf, cinnamon, ginger, and guava in commercial quantities.
We ensure that there is very minimal intervention in the extraction process to ensure the authentic flavor of our products. This is made possible with the use of advanced technology and the hard work of our professional team. We have also put in place plans, processes, and structures that will ensure we are at the top of our game with hygiene.
We are in the Essential Oil Extraction (Eucalyptus Oil) business because we want to take advantage of the numerous opportunities in the agricultural sector, to help Nigeria’s economy improve by increasing domestic production, to export agricultural products from Nigeria to other nations, and above all else, to make profit.
Our Major targets include retail outlets, massage, and body therapy businesses as well as cosmetics and fragrance businesses. We are committed to meeting our customers’ needs precisely and completely. As such, we hold ourselves accountable to the highest standards.
There is high demand for essential oil in Nigeria. Essential oils are widely used in the cosmetics, pharmaceuticals confectionary, and beverages industries.
As odorants, they are used in perfumes, lotions, and other cosmetics, soaps, detergents, and other products ranging from animal feed to insecticides. As flavorants, they are present in a wide variety of foods, including soft drinks, baked products, ice creams, candy, confections, etc. As pharmaceutical ingredients, essential oils are used in dental products such as toothpaste, aromatherapy and phytotherapy products, and a large number of medicines.
Currently, industrial demand for essential oil is met through import. With the expansion and establishment of those industries, the demand for the various types of essential oils is also on the increase.
Good enough, studies show that these oils do not exhibit in any way any recognized side effects unlike other conventional medicines and drugs; this will probably be a significant boosting factor for the market.
Products and Service
PATILAD will focus on running an essential oil extraction and packaging business that adheres to standards. Its products will not only be sold in Nigeria but will also be ideally suited for export to other nations like those in the ECOWAS nations, the United States, and Europe.
In addition to providing our customers with value for their money, we are equally in business to make profit. As a result, our offerings will comprise:
- Garlic oil
- Eucalyptus oil
- Lavender oil
- Rose oil
- Cinnamon oil
- Flax oil
- Pine oil
- Peppermint oil
- Rosemary oil
- Clove oil
Our Target Market
Those who benefit from the essential oil are undoubtedly widespread and all-inclusive this is basically because it is used all around the globe for different purposes as they’re becoming more aware of the health benefits therein.
Due to this, we have set up our essential oil extraction (eucalyptus oil) business to cater to the following manufacturing companies:
- Perfumes production companies
- Incense and household cleaning products production companies
- Pharmaceutical companies
- Alternative medicine practitioners that use essential oil for Aromatherapy
- Cosmetics, soaps, and other products production companies
- Food and drinks production companies
Our Vision Statement
Our Vision is to build an international standard essential oil extraction company whose product can compete internationally within the next 5 years.
Mission for the Essential Oil Extraction (Eucalyptus Oil) Business Plan in Nigeria
- To establish a standard for how top-notch essential oil extraction companies should be managed in Nigeria.
- To ensure total satisfaction by our customers
Management Team of the Essential Oil Extraction (Eucalyptus Oil) Business
Pelumi Agunbiade: She has over nine years of experience in business and has over the years assisted in growing several businesses having worked for some leading brands in Nigeria. She has a B.Sc. in Business Administration from the University of Lagos (UNILAG). She is an alumnus of Enterprise Development Centre (EDC) of the Lagos Business School (LBS).
Mr. Dayo Adetiloye – (B. Agric., MBA, and PMP): He has over 15 years of experience in business management, business start-up dynamics, financial management of business, and overall business growth and development. He is an alumnus of Enterprise Development Centre (EDC) of the Lagos Business School (LBS), Pan African University (PAU). He is our business development strategist and a strategic partner.
Our Business Structure
Knowing fully well the kind of Essential Oil Extraction (Eucalyptus Oil) business we intend to build and our hopes to grow big by entering the international market. We are aware of the importance of building a solid business structure that can support the kind of world-class business we want to own.
We have also put in place a structure that allows all of our senior management workers to have access to profit-sharing arrangements, which will be dependent on their success over time.
In light of the aforementioned, we have chosen to hire talented and experienced personnel to fill the following positions:
- Chief Executive Officer
- Plant Manager
- Human Resources Manager
- Essential Oil Extraction Machine Operators
- Sales and Marketing Manager
- Social Media Manager
- Truck Drivers
- casual farm/ factory workers
Read also: biggest investments opportunities to look forward to in Africa in 2023
Our Competitive Advantage for Essential Oil Extraction (Eucalyptus Oil) Business in Nigeria
The industry is fiercely competitive as expected and PATILAD is fully aware of this competition that is available in the market all over the globe. We are prepared to compete favorably with other Essential Oil Extraction companies in Nigeria and beyond.
Some of our competitive advantages include;
- Our location
- The uniqueness in the quality of our product in the market
- Our distribution networks
- Our relationship and connection with essential oil plant farmers
- The vast experience of our team
- Our excellent customer service culture
- Proper care and development opportunities for our employee
- Our leverage of the internet by using our websites and social media platforms
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