Executive Summary of Furniture Business Plan in Nigeria

 Executive Summary of Furniture Business Plan in Nigeria

Introduction

Patilad Ltd is a thriving and dynamic furniture manufacturing firm located in the heart of Abuja. We specialize in the manufacture of household furniture, outdoor and office furniture. We use the very best materials available including post formed wood (MDF or HDF) which comes in colors or from seasoned wood which is treated to make the products and sprayed to a color afterwards. Technically the bulk of our work can be categorized into upholstery, mortising, tenour and installation for clients like wooden floors, doors and their locks, post-made cabinets etc. We also do maintenance services on existing furniture products.

The Company

Patilad Ltd. is an Abuja-based company, located in Area 10 Abuja; in an ideal location highly suitable for this kind of business. We are seeking to have an expansion of our facilities and procure new machines and equipment that will help us satisfy our teeming clients and customers better, faster and more cost-effective.

Patilad Ltd. will manufacture a wide range of household furniture (living room, dining room and bedroom furniture, upholstered, coffee tables, sofa tables, end tables, sofas, love seats, chairs, bookshelves, ottomans, display cabinets, consoles and TV stands and otherwise), outdoor and office furniture (Desks and home office goods, lamps, recliners, rugs and outdoor furniture). We are set to services a wide range of clientele in and around Abuja – Nigeria.

Executive-Summary-of-Furniture-Business-Plan-in-Nigeria

Executive-Summary-of-Furniture-Business-Plan-in-Nigeria

Patilad Ltd.’s management team is led by Dayo Adetiloye as Chief Executive Officer/Managing Director, who has extensive knowledge of the industry. The 6 years old company presently has five temporary employees, three permanent employees and three trainees. Upon reception of funds, we intend to double this figure. More details present under personnel plan.

Products

Patilad Ltd. is in the furniture manufacturing industry to manufacture home, office and outdoor furniture to service a wide range of clients and of course to make profits, which is why we will ensure we go all the way to give our clients and potential clients options.

Our product offerings includes;

  • Manufacturing of household furniture (living room, dining room and bedroom furniture, upholstered, coffee tables, sofa tables, end tables, sofas, love seats, chairs, bookshelves, ottomans, display cabinets, consoles and TV stands and otherwise),
  • Manufacturing stationary sofas/sofa-sleepers
  • Manufacturing metal household and office furniture

    Read Also: executive-summary-of-general-cleaning-business-plan-in-nigeria

 

Executive-Summary-of-Furniture-Business-Plan-in-Nigeria

Executive-Summary-of-Furniture-Business-Plan-in-Nigeria

 

The Market

In Nigeria it is no gain saying the furniture manufacturing industry has the widest range of customers; almost everybody on planet earth has one or more things that they would need in their houses or offices from a furniture retail store. It is difficult to find households and office facilities without one form of furniture or the other.

In view of that, we have positioned our furniture manufacturing company to service the residence of Abuja – Nigeria and every other location where showroom with outlets will be located all over key cities in the Nigeria. We have conducted our market research and feasibility studies and we have ideas of what our target market would be expecting from us.

We are in business to manufacture a wide range of furniture to the following groups of people and corporate organizations;

  • Households
  • Bachelors and Spinsters
  • Corporate Executives
  • Business Owners
  • About to wed couples
  • Corporate Organizations / Offices
  • Government Offices
  • Schools and Students (Library inclusive)
  • Churches and other religious centers
  • Studios, Showbiz Business owners

 

Executive-Summary-of-Furniture-Business-Plan-in-Nigeria

Executive-Summary-of-Furniture-Business-Plan-in-Nigeria

Management

Management will be responsible for supervising and participating in the daily operations of the facility. Management consists of:

  • Dayo Adetiloye Chief Executive Officer/ Managing Director (Administration), Full Time
  • Jumobi Oyebade, Managing Director (Production), Full Time

 

 

Financial Considerations

The company is seeking Five million Naira (N5 000 000.00) in both short-term and long-term loans to finance the purchase of Patilad Ltd.’s new farm, upgrade the facilities, and cover start-up expenses and first year losses. The company will make a profit of N3 843 950 in the first year of its operations. We do not expect to have any cash flow problems in the next four years of operations.

 

To buy the remaining part of this business plan, including the detailed financial analysis, call any of our business plan consultants on 08105636015, 08076359735 and 08113205312. You can send a WhatsApp message or email us either at dayohub@gmail.com or info@dayoadetiloye.com.

We help institutions and organizations write concepts, implement Business plans, and train on business Plan writing in Nigeria.

We can help you write a detailed, bankable and comprehensive business plan for your business idea.

Call any of our business plan consultants on 08105636015, 08076359735 and 08113205312

Or send a WhatsApp message or email us either at dayohub@gmail.com or info@dayoadetiloye.com.

Click to buy Furniture Business Plan and template now & download it immediately.

Enter your name and email and Download our FREE eBook, get the weekly newsletter, Update on Grants, Business Opportunities & Premium Services from DayoAdetiloye.com... Joining is FREE!

Dayo Adetiloye Logo

Dayo Adetiloye Business Hub is a grassroot business development service provider with a 6 year of track record of excellent service delivery for local and international clients.

As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).

Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.

Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.

We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.

Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community

Mission Statement:
– Provide bespoke management and business planning consultancy
– To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
– To inspire, empower and champion entrepreneurship in the global online community.

Business Goals and Objective

– Engender national prosperity by contributing to the creation of at least 100 new businesses every year
– Become a go-to brand for outstanding business development services for MSMEs
– Strategic partnership with local and international organization to empower start-ups
– Continuous innovation to serve our clients better

Core Values:
Integrity
Opportunity Maximization
Digitalization
Personal Development (Capacity Building)
Excellent Customer Satisfaction
Timeliness

Share this:

GI Vital Soft Gel

Grant Winning Blueprint

How to Turn Yourself into a Live Breathing Cash Machine

Ecommerce Business

Follow me on Facebook

Follow me on Twitter

Share this:

LinkedIn
Facebook
Twitter
Email

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

About Us

Dayoadetiloye.com is a property of Dayo Adetiloye Business Hub committed to connecting entrepreneurs with resources.

We are one stop Business Resource Center where we help you discover, Develop and Fulfil your business potentials.

On this platform, we help you develop business plans and strategies, connect you with funding opportunities and share with your business opportunities.

Facebook Community: https://www.facebook.com/groups/156197005130352/

Twitter: www.twitter.com/dayoadetiloye

Email: Dayohub@gmail.com

Copyright 2023 All rights reserved