FLOUR MILL START-UP PROCESSING BUSINESS PLAN TEMPLATE
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Flour Mill Start-Up Processing Business Plan Template – Yes! Now that you have decided to start a Flour Mill Processing Business for the first time. Here re all the business variables and parameters you need to put in place to start-up and grow. Of course, a flour mill is an easy business to start from. Additionally, you can start this business in both city and rural areas. Furthermore, flour mill offers a wide range of manufacturing opportunity for entrepreneurs. The object of crafting this article is to provide you essential flour mill business operation start-up procedures in a business plan template. Additionally, this Flour Mill Start-Up Processing Business Plan Template serves for small or large start-up capital investment. The framework is the same.
Cereal flour mill is a process industry to mill the grains/cereals and provide the endosperm as various fractions for various usages. The skin or bran is separated from the endosperm for other uses. As a matter of fact, all these products have sufficient domestic demand in Nigeria. Additionally, there re also export potentials. Generally, wheat atta (Normal flour), maida (Baking flour), suji ( Semolina ) and cornflours re the basic ingredients for the wide range of processed foods. Additionally, these re the items for domestic daily use. Furthermore, the bakery industry of our country largely depends on these ingredients as raw materials. So the flour mill project is a financially profitable business in our country.
FLOUR MILL START-UP PROCESSING BUSINESS PLAN TEMPLATE
Flour Mill Start-Up Processing Business Plan Template:
Hi! You have to get it right from here. And follow what this template offers.
Basically, you can start the business in two ways. And the two different business types demand different infrastructure and investment.
Cottage Flour Milling Plant:
Here, secure a small space. Install a small milling machine there. Then allow people to come with grains. And you will be charging them for grinding those grains. This is comparatively easy model and demands small capital investment. Also, this is a very traditional model of flour milling business. However, this model is not good for large scale production and for long sustainable business.
Small Scale Milling Plant:
Another option is for you to setup an integrated flour mill. And offer a well designed and packaged products to your consumers. However, this business demands moderate capital investment initially. Also, you need to have in place strategic planning for marketing and distribution.
FLOUR MILL START-UP PROCESSING BUSINESS PLAN TEMPLATE
Flour Mill Start-Up Processing Business Plan:
So drafting a flour mill business plan or project report is absolutely necessary for initiating the business. Additionally, you must structure the business plan according to products you want to produce and your investment capacity. And that is what Flour Mill Start-Up Processing Business Plan Template is all about.
Flour Mill Start-Up Processing Business Registration & License:
Flour milling business comes under the food processing industry. So it demands specific licenses and registration before commencing the business. Remember NAFDAC and NDLEA regulations. However, here we put a list of basic requirements.
- First of all, determine the form of the organization and register your business with CAC.
- Apply for the Trade License from relevan authority.
- Furthermore, apply for NAFDAC No. Registration
- Check the tax liabilities – Get your first Tax Clearance Certificate
- If it demands any envronmental pollution clearance, please do.
Flour Mill Processing Business Investment:
Furthermore, the two different types of investments involved here re –
- First, Fixed capital investment which includes land (if you can buy one), building, machinery, and all recoupable expenses like registration and licensing fees which will be capitalised and amortised over some years.
- Another is working capital investment. Here you make provision for raw materials, staffing, rent, transportation, marketing, distribution and administration costs.
FLOUR MILL START-UP PROCESSING BUSINESS PLAN TEMPLATE
Flour Mill Business Plant Setup & Machinery Budget:
Again, here re some basic required plant and machinery:
- Bucket elevator
- Reel machine (a system of 3 segments)
With the followings;
- Rotory seperator with aspiration channel
- Scourer machine with aspiration channel
- Intensive dampner
- Rotometer
- De-Stoner
- Indent cylinder
- Screw conveyor
- V-Groove, Pulleys, Couplings, V-Belts etc
- Weighing scale
- Dust cyclone
- L.P fan for cleaning
- Magnate
- Silogate
- Roller Mill body
- Roll Grooving & spindle cutting
- Purifier
- Supper cyclone
Generally, flour mill project comes with lots of customization. Accordingly, you must design your factory and install your machineries according to your investment capacity and desired output quality and quantity. Additionally, you will need to have testing/control equipment and packaging machinery.
FLOUR MILL START-UP PROCESSING BUSINESS PLAN TEMPLATE
Flour Mill Business Plant Setup Utilities:
In addition, never forget to budget for the utilities. Check for availability of transportation facility, electricity, water, semi-skilled manpower and drainage facility. Add a rounding-up figure as Sundry Expenses.
Flour Production Process & Raw Materials:
Generally, this is where you define your product, their components and production process. And the production process of each flour item is little bit different.
First of all, explain how you clean the cereal (wheat, corn etc.) grains thoroughly to remove dust, stone and other foreign matters. Then temper the grains before grinding by treating with water so that the bran can separate from the endosperm. Then explain the crushing processes until the meal/flour is achieved.
FLOUR MILL START-UP PROCESSING BUSINESS PLAN TEMPLATE
Additions:
Additional information you must carry in this business plan re the, packaging, storage, marketing, pricing and financial revenue analysis.
Whether you buy or cultivate the cereals/grain they must carry monetary values with which you analyse the business viability.
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FLOUR MILL START-UP PROCESSING BUSINESS PLAN TEMPLATE
Other Parts of the business plan:
Other parts of the business plan is obtainable from Complete Full Marks Consultants (CFMC) Limited is. CFMC Limited is a firm of Chartered Accountants. You know what that means! It means we can do so much for your. We will help you register your business/company with CAC, handle your tax matters with FIRS or SIRS, Do your business plan, do your accounting, auditing as external auditors or for your internal control management. Look, we will get your PENCOM. ITF, NSITF compliance certificates for your contract biddings.
Contact us on cfmclimited@gmail.com or call +234 8034347851 for these assignments.
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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.