Onion Paste Production Business Plan in Nigeria
Onion Paste Production Business Plan in Nigeria
This sample Onion Paste Production business plan in Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Notes, Competitions, etc. Onion Paste Production 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 ONION PASTE PRODUCTION BUSINESS PLAN IN NIGERIA
Business: ONION PASTE PRODUCTION
Industry: Food Processing Industry (Onion Paste Production Business plan in Nigeria)
PATILAD WONDER is an onion paste production company based in Kaduna 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 Kaduna State. We have also been able to secure all necessary permits and documents from all concerned departments across all levels.
At PATILAD WONDER, we have been able to acquire 1,000 hectares of land for the growing of onions, processing, and packaging of our product. We ensure that there is very minimal intervention in the paste-making process to ensure we retain the authentic flavor and nutritional benefits 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 onion paste production business because we want to take advantage of the numerous opportunities in the agricultural sector, to help Nigeria’s economy improve by increasing domestic food production, exporting agricultural products from Nigeria to other nations, reducing waste, and above all else, to make a profit. We intend to grow into one of the best Agro-based industries in Nigeria which have taken advantage of the abundant raw materials produced to create goods for export.
With the goal of reaching the larger national market and the intention to go international, PATILAD WONDER continues to focus on marketing, distribution, brand development, research, and development.
We are committed to sustainability as a company and we actively contribute to the development of our host community. We are equally committed to meeting our customers’ needs precisely and completely. As such, we hold ourselves accountable to the highest standards.
We seek long-term funding of N7 million which will provide funding for machinery, skilled manpower, and take-off capital, among other things.
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Market Potential
Onions are spices highly valued for their flavor, nutritional value, and medicinal properties. The onion business falls in the category of farming ventures often neglected by many but which have great potential for good business.
In fact, many erroneously think that farming onions or their marketing is the exclusive preserve of the northerners. Onions are part of the most popular and important vegetables produced and eaten in Nigeria. In short, Nigeria is one of the world’s largest producers of onions with an annual production of over two million tons.
Large catering establishments and industrial canteens’ growing appetite for ready-to-eat food items as well as rising disposable income among individuals are some of the factors fueling the onion paste market’s expansion worldwide. Changing consumer eating habits and busy, hectic lifestyles have caused an unexpected rise in food demand, which is what is causing the price surge. Onion paste is also being used more frequently because it saves time.
Products and Service
PATILAD WONDER will concentrate on operating a standard and licensed onion processing company whose products will not only be sold in Nigeria but will be well suitable for export to other countries such as ECOWAS countries, America, and Europe.
We will produce quality canned onion paste for local consumption and for export. 60% of our products will be exported to our neighboring countries
We are in the business to make profits and also to give our customers value for their money as well as reduce agricultural waste. Listed below are the products we wish to provide at PATILAD WONDER
- Cultivation of onion
- Selling Franchise
- Processing and selling of onion paste.
Our Target Market
We at PATILAD WONDER work hard to make our products a desirable option for citizens and owners of retail establishments in Nigeria and beyond. Our target market is widespread and all-inclusive and this is basically because loads of people are beginning to switch to ready-to-use products as a result of their busy and hectic lifestyles.
Due to this, we have set up our onion paste production business to cater to the following client base:
- Married and Single.
- Retail outlets
- Vegetable export markets
- Supermarkets and Grocery Stores
- Hotels
- Restaurants
- Outdoor caterers
- Households
- Event planners
Our Vision Statement
Starting from Nigeria, our vision is to grow into one of the top businesses in the global agro-processing sector within the next 5 years.
Mission for the Onion Paste Production Business Plan in Nigeria
- To fill every corner of Nigeria and other west African nations with our professionally packaged and processed onion paste.
- We understand that the customer service we provide is extremely important, so we make effort to exceed customer expectations always.
Management Team of the Onion Paste Production 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 the 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
With a clear picture of our long-time dream as to the kind of onion paste production business, we intend to build. 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. As such, we are ready to make the necessary financial investments to achieve this dream.
We have 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 Operating Officer
- General Farm Manager
- Administrator/Accountant
- Processing Plant Manager
- Customer Service Executives
- Social Media Manager
- Sales and Marketing Officer
- Security Guard
- Truck Drivers
- casual farm/ factory workers
Our Competitive Advantage
ONION PASTE PRODUCTION BUSINESS PLAN IN NIGERIA
The agro-processing industry is fiercely competitive and PATILAD WONDER is fully aware of the competition that are available when it comes to this industry all over the globe. We are prepared to compete favorably with other players in Nigeria and beyond.
Some of our competitive advantages include;
- Our location
- The uniqueness of our product in the market
- Efficient production.
- No existing projects of this magnitude in our location.
- Our distribution networks
- 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
- We are involved in onion farming, onion processing, packaging, and distribution for both local and international markets and this allows us to take advantage of all the available opportunities in the industry.
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Business Goals and Objective
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