FOODSTUFF BUSINESS PLAN IN NIGERIA
Foodstuff Business Plan in Nigeria
Foodstuff Business Plan in Nigeria
This sample Foodstuff Business Plan in Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Notes, Competitions, etc. Foodstuff Business Plan 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 Foodstuff Business Plan in Nigeria
Business: FOODSTUFF
Industry: FOOD AND BEVERAGES (Foodstuff Business plan in Nigeria)
Patilad foodstuff is a new Foodstuff outlet located in Ketu, Lagos state. It is of necessity that everybody need food to survive. We retail raw food from top manufacturers, our prices are affordable, and our customer care is second to none.
The Nigerian food industry is one of the best-performing industries in the country despite the economic downturn and huge decline in consumer spending power over the years. The industry has grown so well, and consumers are still making the switch from unpackaged and unbranded products to packaged products as they become more aware.
According to data from the World Trade Organisation, Nigeria ranks as the largest foodstuff market in Africa, with both significant investment in the local industry and a high level of imports. Nigeria is the leading consumer of rice in Africa and the second largest globally. Nigeria has a vast market of consumers that is only set to grow in the next few decades. Overall, Nigeria is a market with widespread opportunity, as the population of the country is young and growing.
The food and beverage industry is essential for the Nigerian economy in both financial contributions and employment terms. In fact, food and beverage processing is Nigeria’s largest manufacturing industry. Industry players are diverse in size – from multinationals producing large quantities of fast moving consumer goods (FMCG) to smaller players with the flexibility to meet the lower middle class and more impoverished populations. The industry is very dynamic and driven by diversity, quality, value, and price.
Patilad foodstuff is committed to satisfying customers by providing a broad selection of high-quality and competitively priced products with exceptional customer service. Our focus is to create an environment that is warm, friendly, and clean. Our business is structured for relevance in both the local and domestic markets with the main objective of promoting the nutritious value of raw food.
Our target audience includes households, wholesalers, retailers, working-class individuals, the elderly, students, hospitals, business people, men, and women, event planners, caterers.
The benefits of our products and services are;
- The availability of varieties of raw foodstuff that are healthy and free from diseases
- Provision of quality goods and products
- Excellent customer care services.
- Lowest possible prices.
Our Products and Services
We will have a wide range of foodstuffs at affordable prices in our store. We will endeavor to make available varieties of goods from top manufacturing brands in Nigeria and beyond.
Our products are as follows;
- Raw foodstuff (Rice, beans, yam, spaghetti, garri, yam flour, poundo yam, wheat, plantain, etc.)
- Food seasonings (Maggi, salt, crayfish, tomato paste, jollof rice spice, fried rice spice, pepper soup spice, Cameroon pepper)
- Dried fish, stockfish
- Melon seed (egusi), ogbono
- Palm oil, groundnut oil
- Consultancy services
Keys to Success
The keys to success for the Foodstuff business include:
- Good retail location in a residential/business area.
- Hygienic and neat environment
- Online presence
- Maintain low operating costs
- On-time delivery
- Availability of good products
- Excellent customer service
- Competitive pricing.
Objectives for Foodstuff Store Business Plan in Nigeria
- To make available food to all at affordable rates
- To increase sales by at least 75% at the second year
- To launch five new distribution outlets in the fourth year.
Goal for the Foodstuff Business Plan in Nigeria
To be among the first five Foodstuff companies in the next 10 years.
Vision for the Foodstuff Business Plan in Nigeria
To produce pure raw foodstuff that can be free from diseases and is 100% natural and pure.
Mission for the Foodstuff Business Plan in Nigeria
- To make raw foodstuffs to be accessible in both the local and domestic markets.
- To ensure that foods sold are free from diseases and germs
- To make our price rate accessible and affordable.
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Foodstuff Business Plan in Nigeria
Management Team of the Foodstuff Business Plan in Nigeria
Pelumi Agunbiade: She has over nine years of experience in the Food industry, 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.
We brought to the business:
- Academic skill and practical experience in the Foodstuff business.
- Capacity to consistently provide high-quality goods and products all year round.
- Good understanding of the market trend.
- Our staff brings operational, marketing, and promotional skills to the business.
Management experience gained for the Foodstuff Business Plan in Nigeria
With over seven years of experience in the Foodstuff business and numerous exposure to both the scientific and practical aspects of owning a Foodstuff, I’ve been able to master the technical requirements, financial management, staff recruitment, and organization skills, among other things necessary to give the industry good commendation from our customers.
My managerial skill has also helped put together a workforce for over 5 years, which will also help me coordinate the teamwork in most aspects of the company.
I am the CEO of the company overseeing the day-to-day activities of the business.
Materials and Machine for Foodstuff Business Plan in Nigeria
Bag/sacks, trays, measuring cups, nylons, generator, POS terminals, weighing scales, shelve, bowls, containers, rubbers, basins, table, chairs, book for recording, pens, etc.
Competitor Analysis for Foodstuff Business Plan in Nigeria
People buy from us because of the following reasons:
- Availability of varieties of healthy foodstuff
- Excellent customer care services.
- Provision of quality goods and products
- Lowest prices and discount offers.
FOODSTUFF BUSINESS PLAN IN NIGERIA
Our three significant competitive advantages are:
- Availability of varieties of healthy foodstuff
- Excellent customer care services.
- Lowest prices and discount offers.
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