Executive Summary of Hide and Skin Leather Business Plan in Nigeria

Executive Summary of Hide and Skin  Leather Business Plan in Nigeria

Overview

This business plan has been written to raise a N5, 000,000 funds for the scaling up project of our hide and skin leather company. We are in need of some equipment and inventory which forms part of the financing to be used for PATILAD HIDE & SKIN, a Limited Liability Company. The business will be owned by Dayo Adetiloye and will be located at danladi layout Kano State. The owner’s initial equity will be N850, 000 (eight hundred and fifty thousand naira). While showcasing the expected financials and operations over the next three years, this business plan X-rays our six months old company, what we have done, where we are and what we projected to accomplish.

The Company

Our company, PATILAD is a unique Leather Hide & Skin production and sales company; utilizing the existence of the latest technology and facilities for production and sale of high qualities goat, cow and sheep hide and skin, hygienically produced under the best environment for maximum efficiency of our workforce.
Our products are produced to meet the ever growing demand for high quality grade hide and skin that Nigeria is known for supplying both home and foreign based leather products manufacturing companies. Our hides and skins are quality; come with longer durability period compared to the average shelf-life other producers here in Nigeria offer.

 

VISION

Become the Nigeria’s largest supplier of hide and skins in 2025

MISSION

  • To provide high quality, durable leather and its related products at affordable cost to our teeming customers.
  • To give our customer the very best product and customer service so that we may earn their trust and future business.

 OBJECTIVES

  • Constant growth in sales in 12 months.
  • To generate customer satisfaction so that at least 60% of our customer base is repeat business.
  • To provide quality product at reasonable prices with exceptional customer care services.
  • To generate customer satisfaction so that at least 60% of our customer base is repeat business.
  • To provide quality product at fair and lowest possible prices with exemplary services.
  • To double revenue in less than two years

KEYS TO SUCCESS

  1. Financial stability for purchase of chemicals and other raw materials.
  2. Stable forex exchange
  3. Having a good retail location in high-shopping or residential areas.
  4. Modern solution and technology
  5. Outstanding and excellent customer care service.

 

Products and Service

We specialize in processing Cow Hides, Goat Skins, and sheep Skins. Each article is made on the customer’s request.

Benefits of our Products & Services

  • High quality products of international standard
  • Varieties of products and its intended use
  • Delivery for bulk purchases
  • Prompt delivery services
  • Excellent Customer Care Services
  • Online access
  • Loyal network of suppliers and distributors

Competition

PATILAD could point out to three as the major competitors in our target markets. Our three major competitors for PATILAD Hide and Skin are Mahmu Rabiu Hides& Skin Company, Mamuda Groups, & Alhaji Umarumaji Enterprises.

PATILAD will establish its competitive edge through the expertise of its founders, superior working environment, customer service and improved modern technology.

Management team background

All the members will perform their duties according to their specialization. Every member has knowledge of marketing, finance, accounting and human resource. But their duties are according to specialization.

Roles and responsibilities of members of organization

  1. Patrick Adetiloye Dayo

President&Owner: With over 20 years’ experience working in the Leather Tanning Production industry, Patrick experience includes his 5years experience as the operational manager in Locquars Ltd. He has a good grasp on the manufacturing processes, sales strategy, wholesale and retail sales management. This experience is built into every item we sell to ensure quality, design expertise and an enjoyable comfort experience for our customers.

  1. Mr. Barba Suleiman will deal in marketing department; he will perform all marketing activities like pricing, promotion, public relations and product forecast.
  2. Mr. Uche Victor will perform the human resource functions along Mr. Yaya Kazeem. Recruitment & selection, compensation, training and planning are the basic duties of them. Both are responsible for labour availability and their duties.
  3. Mr. Kufour Henry will perform finance and accounting functions as costing, budget allocation, making invoices and preparing financial statements.
  4. Mr. Waseem Hafeez will perform operational activities, he will keep maintain and repair of production plants and machinery and assist the labor at any problem.

Financial Considerations

PATILAD seeks N 5 million in long-term financing to cover start-up costs, equipment, building expenses, and working capital.

Funding for the launch of the business has been provided primarily by equity from the partners and investors.

The business will reach positive cash flow in its 10th month of operation, allowing for expedited repayment of its loan obligations, as well as for dividends to be paid to the owners.  Revenue will top N15, 500, 000 and profit will reach about N4, 500, 000 in the 1st year of operation.

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Business Goals and Objective

– Engender national prosperity by contributing to the creation of at least 100 new businesses every year
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– Strategic partnership with local and international organization to empower start-ups
– Continuous innovation to serve our clients better

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