Palm Oil Extraction and Processing Business Plan in Nigeria
This sample Palm Oil Extraction and Processing Business Plan in Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Notes, Competitions, etc. Palm Oil Extraction and Processing 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 Palm Oil Extraction and Processing Business Plan in Nigeria
Business: PALM OIL EXTRACTION AND PROCESSING
Industry: Agriculture (Agro-Processing)
Patilad Palm Oil Extraction and Processing firm is an agro-processing company that extracts palm oil and processes it to become a finished product. We extract palm oil from palm nuts which we later process to become palm oil for the healthy consumption of our clients. While we sell processed palm oil to our clients, we also offer consultancy services and we ensure that we deliver on time as to when is convenient for our client.
Our company is located is Niger State, but we plan to launch other branches in different states of the country. This we will do by structuring our market strategy to achieve our goals, also our staff will be well trained and equipped to deliver their best and represent our brand well. Our packaging will also be top-notch to stand us out and make us a known brand in society.
Our clients are a priority to our business, we treat them as first-class citizens. We ensure that our clients are highly satisfied and pleased with our services. This is why our staff are periodically trained to communicate politely with our staff, so as to maintain a mutual relationship that can last forever. Our online customer service is always available to attend to our customer’s inquiries, complaints, and feedback.
We target consumers in the local and international markets. Local market in Nigeria and International market outside Nigeria. Our major customers in Nigeria are supermarkets, open space markets, eateries/restaurants, hotels, caterers, event planners, and companies that use palm oil as part of their ingredients for their finished products. We also export to outside countries to markets, grocery stores, households and individuals. We ensure that our customers get the best of our product and service by ensuring that our products are affordable and easy to access.
To enable us to deliver without hitch and stress-free, we intend to purchase efficient machines with large capacity to produce and deliver nationwide. These machines will enable us deliver effectively to our clients and they will be pleased with us. The machines make extraction and processing very easy and faster.
The benefits of our products and services are;
- Neatly processed palm oil for human consumption
- Online bookings
- On-time delivery service
- Excellent customer service
- Flexible and fair prices
- Ease of access to our product (can be found in supermarkets, open market, and the international market)
Our Products and Services
Patilad Palm Oil Extraction and Processing is involved with the extraction of palm oil from palm nuts to produce edible palm oil for the public. We are established to make a profit abiding by the rules that govern the industry. To maximize profit, we intend to sell the by-products gotten after extracting and processing the palm nuts.
Below are our products and services:
- Extracted palm oil
- Processed 25 liters of palm oil
- Processed 50 liters of palm oil and more
- Consultancy services
- Delivery services
Keys to Success for Patilad Palm Oil Extraction and Processing
The keys to success for Patilad Palm Oil Extraction and Processing business include:
- Financial stability for the sustenance of the business
- Low operating cost
- Efficient Equipment and machineries
- Acquire the necessary regulatory license for our factory
- Maintenance of a hygienic, safe and conducive processing factory
- Offer quality processed products.
- Exceptional Customer service
- Efficient distribution network
- Online Presence
Read Also: Tomato Storage & Processing Business plan in Nigeria
Business Objectives for Patilad Palm Oil Extraction and Processing
- To produce high-quality processed palm oil consistently
- To supply sufficient healthy palm oil to our customers in Nigeria and other African countries.
- To maintain profit margins at 20-25% through close attention to expenses and cost of processing palm oil
- To develop a sustainable business, surviving off its own cash flow.
Business Goal for Patilad Palm Oil Extraction and Processing
Our goal is to be among the top 10 largest supplier of quality and healthy palm oil in Nigeria and worldwide.
Vision for Patilad Palm Oil Extraction and Processing
Our vision is to become a household brand known for its excellence and uniqueness in the palm oil sector.
Mission for Patilad Palm Oil Extraction and Processing
- To ensure that we make available quality palm oil that is accessible in local and international markets.
- Maintaining a long-term relationship with our customers by meeting their demands and satisfying them.
- To ensure that our pricing is what is obtainable in the market and highly affordable for our clients to purchase.
Management Team of the Palm Oil Extraction and Processing Business Plan in Nigeria
Timilehin Akande: She is a graduate of a first-class graduate of Lagos State University (LASU). She studied agriculture and over five years, she has been in the industry performing excellently well. She is the company’s manager who oversees the day-to-day activities of the company and gives reports to the Chief Executive Officer (CEO).
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 Palm Oil Extraction and Processing business.
- Capacity to consistently provide high-quality 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 Palm Oil Extraction and Processing Business Plan in Nigeria
With over ten years of experience in the Agricultural Industry and numerous exposures to both the scientific and practical aspects of owning a Palm Oil Extraction and Processing factory, 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.
Competitor Analysis for Palm Oil Extraction and Processing Business Plan in Nigeria
People buy from us because of the following reasons:
- Healthy palm oil
- Well packaged products
- Highly competent staff
- Efficient machineries
- Conducive and human friendly factory
- Online presence for easy bookings of our products
- Affordable prices
- Efficient and strong distribution network
Swot Analysis for Palm Oil Extraction and Processing Business in Nigeria
- Competent workforce
- Efficient machineries
- Top-notch customer service
- Effective website with optimization for search engines
- Strong distribution network
- Lack of adequate fund
- Delay in delivery due to traffic and bad roads
- Not yet a reputable brand as compare to the already existing firms in the industry
- Delay in accessing raw materials
- The rate at which the industry is growing gives an opportunity for more palm oil sellers.
- The need for healthy food products in the society rises a demand for healthy food in the industry
- The capacity to serve the local and international market
- Unfavorable government policy and regulation
- Economic meltdown can reduce the purchasing power of our customers
- Establishment of similar firm in our regions
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