TYRE BUSINESS PLAN IN NIGERIA
Tyre Business Plan in Nigeria
This sample Tyre Business Plan in Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Notes, Competitions, etc. Tyre 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 Tyre Business Plan in Nigeria
Industry: Manufacturing (Tyre Business plan in Nigeria)
PATILAD Tyre company is a licensed and standard Tyre company. Our office is located at Portharcourt. We are into recycling used tires and rubber waste to produce useable tires for vehicles. Our business goal is to become one of the leading tire production companies in Nigeria, and we will make sure that we do all we can to compete favorably with leaders in the industry.
Our target market includes trucking companies, bus operators, car rental companies, companies with large fleets of cars, individuals, mechanics, auto parts dealers, and households.
The global tyre market is estimated to be $190 billion, while the tyre market in Nigeria is about $1.0 billion. The total Nigerian tyre market size is estimated to be 5.7 million units (car, van & light truck – 3.9m and truck – 1.8m) with a projected growth rate of 3-5% annually).
Used tires can constitute a nuisance in our communities if they are not recycled and reused as raw materials to manufacture new tires and other related products. Players in the Tires and Rubber waste Recycling industry collect, separate, sort, and process used and condemned tires.
We will work towards becoming one of the best Tyre companies in Nigeria. Our position is that of a superior-quality, unique and reliable company that is committed to customer satisfaction. Patilad tyre also provides training services and bespoke products based on our clients’ demand. What sets us apart from our competitors is the respect and professionalism we maintain by offering durable and reliable products that can stand the test of time.
The benefits of our products and services are
- Different sizes of tires
- 100% Guaranty assurance
- Home delivery
- 24/7 online presence
- Unique customer care services.
- Lowest prices and discount offers
Our products and services
Patilad tyre offers several kinds of tires, and we produce the highest quality of tires. Patilad tyre was established to maximize profits in the tire manufacturing industry. Below are our product offerings;
- Recycling of unused tires and rubber waste
- Production and sales of tires
- Consultancy services
Keys to Success
The keys to success for the Tyre business include:
- Use of modern technology and equipment
- Highly professionals in the industry
- Low cost of operation
- Consistency in production
- Unique and high-quality tires
- Lowest prices
Objective for Tyre Business Plan in Nigeria
- To have consistent growth in sales.
- To increase the number of production by 10% in the second year
- To generate customer satisfaction so that at least 60% of our customer base is repeat business.
- To develop a profitable/sustainable home-based company.
Goal for the Tyre Business Plan in Nigeria
To become one of the leading tire production companies in Nigeria.
Vision for the Tyre Business Plan in Nigeria
Our vision is to create a high-standard tye manufacturing company whose presence will be known in Nigeria and basic cities across the globe.
Mission for the Tyre Business Plan in Nigeria
Our mission is to establish a standard and world-class Tyre company whose products will not be retailed in Nigeria but also be exported to other countries of the world.
Read Also: Smoothie Business Plan in Nigeria
Management Team of the Tyre Business Plan in Nigeria
Olanrewaju Olaoluwa: He is the general company manager. He has over six years of experience in the manufacturing industry. He defines job positions for recruitment and managing the interviewing process. He carries out staff induction for new team members. Responsible for training, evaluation, and assessment of employees. Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs. He oversees the smooth running of the daily office activities.
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.
Eniola Adekola: He is the head technician in charge of the recycling plant. He is responsible for installing, maintaining, and repairing all the recycling machines in the plant. Accountable for operating recycling machines in the plant. Operating facilities for separating and sorting used and condemned tires for recycling. Operating facilities for separating and sorting rubber waste for recycling. Handle any other job functions as it relates to recycling materials.
We brought to the business:
- Academic skill
- Practical experience in the Tyre business.
- Capacity to consistently provide outstanding service.
- Quality processed product and a good understanding of the market trend.
- Our staff brings operational, marketing, and promotional skills to the business.
Management experience gained for the Tyre Business Plan in Nigeria
With over Nine years of experience in the Manufacturing and Retailing Industry and numerous exposure to both the scientific and practical aspect of services, 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 clients.
My managerial skill has also helped put together a workforce for over five 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 Tyre Business Plan in Nigeria
Pyrolysis plant, electric cable jacketing, carrier bands, conveyor bands, black nylon bags, rubber additive, heat isolation, shredder, plastic pipes, black colorant in rubber.
Competitor Analysis for Tyre Business Plan in Nigeria
People buy from us because of the following reasons:
- Highest-quality product offerings.
- Different sizes of tires
- Effective customer care service.
- Reasonable prices and discount offers.
Our three major competitive advantages are:
- Highest-quality product offerings.
- Excellent customer service
- Affordable and discount prices
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