Business plan for rice mill Processing Business in Nigeria/Rice Mill Processing Business Business Plan with Feasibility studies – This post requires knowledge of rice milling business plan, and rice farming business plan in Nigeria. Then, feasibility study on rice production in Nigeria, rice production business plan in pdf and sample rice mill project proposal. In fact, this post could be a working tool for career management consulting firms involved in rice mill processing business in the international agro produce market analysis. Get your Business plan for rice mill Processing Business in Nigeria here.
Researches:
Table of Contents
As a matter of fact, the feasibility studies in this post must cover every aspect of this subject matter. The research aspect of this plan will certainly verify the types and availability of rice processing equipment, and operation processes. Then, location as to sources of paddies and demand for the products, the rice milling business legal form especially with respect to its start-up processes and business registration, and licences. Marketing strategies and business financial plans and feasibilities. The other aspect of the research are those that cover the national and global economic trend on demand and supply of agricultural produces like rice.
Business plan for rice mill Processing Business in Nigeria
Therefore, if you are done with all the above researches and variable viability analysis, you can now write your business plan. This Business plan for rice mill Processing Business in Nigeria and Rice Mill Processing Business Business Plan with Feasibility studies presented here is good for you. If you are looking for investors, bank loan, government assistance, and other NGO, World Bank, and Bank of Industry entrepreneurial grants.
MOTHER’S PRIDE RICE MILL LIMITED
Business plan for rice mill Processing Business in Nigeria/Rice Mill Processing Business Business Plan with Feasibility studies
3-Year Business Plan/Projection
THE EXECUTIVE SUMMARY @ Business plan for rice mill Processing Business in Nigeria
This business plan is a three year business plan and business projection for MOTHER’S PRIDE RICE MILL LIMITED. MOTHER’S PRIDE RICE MILL LIMITED is a rice processing business enterprise duly registered in Nigeria to carry on rice milling, rice production processes and supplies. This gives MOTHER’S PRIDE RICE MILL LIMITED a large scope of production processing, distribution and supplies services which cover both local and international processed and unprocessed rice farming, milling and supplies business activities.
This business plan is a start-up business plan to define our operation and make projections for the business for the next three years.
The feasibility studies in relation to this business plan is carried out on our behalf by a firm of Chartered Accountants and Management Consultants, COMPLETE FULL MARKS CONSULTANTS LIMITED, who also supervised the writing of the business plan.
Capital Requirement:
The business plan shows an initial capital involvement of N25,000,000 due to the procurement of the milling equipment and setting up of the mill plants and processing systems. It also shows that this business will be generating a net income of N6, 500,000.00 in the first year while the second and the third year will yield a net income of N9, 750,000.00 and N12, 340,000.00 respectively.
The research variables show that this income stream will be sustainable over the next three years. MOTHER’S PRIDE RICE MILL LIMITED hopes to expand the business by enlarging its operation after the third year. Our expansion plan will be the subject of our next business plan.
Business plan for rice mill Processing Business in Nigeria – THE BUSINESS PROFILE/BUSINESS OVERVIEW:
MOTHER’S PRIDE RICE MILL LIMITED is born out of the business acumen of the three initial directors of the company who were all university school makes in Usumanu Danfodio University Sokoto, from where they all graduated three years ago, two with first degree in agricultural science and one in agricultural engineering.
Our academic exercises gave us good insight into what this business is all about. Our Feasibility studies carried out by our Business Consultant has proved that to be correct.
We also have various practical experience in the running of rice mills since two of us during our national youth service served in Belle Wise Rice Mill in Ogun state and Abia State. One of us had the opportunity of serving with the World Bank Agro Business Alignment, an arm of World bank that supervises the activities of local rice production in Nigeria.
These are good enough experiences to manage such a business as MOTHER’S PRIDE RICE MILL LIMITED. We have no doubt that it will be a huge success.
Our Competitive Advantage:
Our competitive advantage in this business therefore, is anchored on the following:
- Our Ability to handle all manner of rice milling equipment and tools,
- Our ability to produce rice in large quantities.
- Ability to cover wide range of customers demand all at the same time
- The proximity of our milling plant near the local farmers who produce the paddies for processing.
- The already established relationship with the World Bank and Belle Wise Rice Mill
OUR PRODUCTS/SERVICES:
The following are the range of products.
- National brand packaged in different container sizes,
- An international brand packed in both 25kg and 50 kg bags.
- Rice Bran: Produced from the outer layer of the brown rice grain. Used in cereals production due to its high levels of vitamin B6, iron, phosphorus, magnesium, potassium, nicacin, and thiamine.
- Rice Bran Oil. Extracted from the outer layer on the brown rice kernel.
Business plan for rice mill Processing Business in Nigeria – MOTHER’S PRIDE RICE MANUFACTURING PROCESSES
To produce quality rice for both local and international uses, we undergo the following international standard production procedures in the production of out products.
- Purchase of Paddy from the farmers
- Paddy Undergoes cleaning through Paddy Cleaner
- The Removal of unwanted part
- Rice goes through the Process of Whitening
Furthermore,
- Rice under goes other shining processes
- Packing of Raw Rice obtained from the above processes
- Sale to the End User
MARKETING STRTEGIES:
In fact, our marketing strategies are those aimed at promoting our business and ensure that we remain relevant in the market and be able to meet up with the projections of this business plan. To this effect, we have in place the following marketing strategies:
- Establishment of the business website: website:www.mother’spride.com for our business promotion, online sales and delivery,
- Use of our social media platforms for our business promotions.
- Use of Radio and Television adverts
In addition,
- The placement of our business fliers in strategic public places, banks and hotels,
- Use of roll up Berners at our offices
- The use of our business branded cars only
- Public outreach methods – to reach boarding schools and government offices
HOW TO GET THE CONCLUDING PARTS:
To complete this business plan, you need to write on the following.
- The Management Team And Their Profile
- The Industry Overview: Especially for global economic influence
- Market Overview
- Your SWOT Analysis
- Your Financial Plan – Sources of fund, and how to generate more from the processes activities.
- Financial Analysis – Projected Income Statements, Balance Sheet And Fund Flow Statement.
Furthermore,
- Breakeven Analysis
- Accounting Ratios Generated
- Bench Marks/Time lines
- Your Economic Assessment of The Project
- Conclusions
- Appendixes
WHAT YOU ARE REQUIRED TO DO NOW!
If you need a copy of this business plan – Business plan for rice mill Processing Business in Nigeria/Rice Mill Processing Business Business Plan with Feasibility studies – You are required at this juncture to contact Complete Full Marks consultants Limited at +234 8034347851 or [email protected] for the formal research and feasibility studies and writing of the business plan. We do fresh business plan for every project. We don’t encourage clients to buy ready-made ones because they are not tailored to suite your activities, environment and capacities. With suitable business plan questionnaires we work with you to produce your business plan.
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Deacon Anekperechi Nworgu, a seasoned economist who transitioned into a chartered accountant, auditor, tax practitioner, and business consultant, brings with him a wealth of industry expertise spanning over 37 years.
