Cashew Nut Processing & Marketing Feasibility Analysis

Spread the love

Cashew Nut Processing & Marketing Feasibility Analysis

Table of Contents

Cashew Nut Processing & Marketing Feasibility Analysis details feasibility analysis that is suitable for cashew nut production, plantation and export business plans. In fact, it’s very excellent for cashew nut processing project report. As a matter of fact, this post is related to Feasibility study for the establishment of a cashew shelling unit. It’s also relevant for Cashew Nut Business Plans & Reports. Then for Business Feasibility Study Report, Business Modelling, Business Plan and Project Report on Cashew Nut Processing Plant and Cashews Nut Project Report Feasibilities. In fact, it’s a segment of our previously published articles on Cashew Nut Processing & Marketing Analysis and Simple Cashew Nut Processing Business Plan.

So, are you preparing a business plan on cashew nut processing company? Are you worried as to how to assess your business viability? If that is true, then, get along with us. Here is a FREE completefmc cashew nut processing and marketing business plan feasibility analysis for your use.

Cashew Nut Processing & Marketing Feasibility Analysis

Furthermore, in this post we have considered all the requirements for start-up financial obligations, including fund sources, applications and returns. Therefore, we urge you to read on. These are FREE business tips and tutorials for businessmen and students. In the normal academic world, they are costly to obtain, but here they are free. Just avail yourself the opportunity of making use of this site to solve most of your business challenges. The effective means for doing this is to click and read along with our related and highlighted topics. On the other hand, sharing our posts and following us on our social media will also help you a lot more.

Cashew Nut Processing & Marketing Feasibility Analysis – The Financial Analysis:

As a matter of fact, our financial analysis cover our start-up expenses – tangible and intangible assets, sources of fund, expansion strategies and other financial milestones.

Start–Up Expenditure:

To start with, cashew nut processing business demands that certain initial expenses are inevitable. Bulk of initial capital is usually used for stuffs that are majorly under overhead expenses. These are those for renting a facility, procuring equipment and getting a vehicle. And others may include running expenses such as paying salaries of employees as well as utility bills.

Therefore, the key areas where we’ll be spending our start-up capital on re;

The business registering fees – N250,000.
Obtaining licenses and permits – N1,500,000.
Accounting software and other system expenses – N100,250
Hiring of business consultant – N500,000
General liability, workers’ compensation and equipment insurance policies – N500,000
Marketing & promotion expenses – N2,000,000
Grand opening of Cashew Nuts Factory Ltd – N1,3000,000
OPEX – Operational cost for the first 3 months (paying of employee salaries and payment of utility bills) – N1,200,000
Start-up inventory (raw cashew nuts and packaging materials) –N7,000,000
Cashew processing equipment and machineries + installation cost – N15,000,000
Cost of administrative expenses (stationery, phones, computers and furniture) – N3,000,000
Storage hardware (racks, preservation unit, shelves and bins) – N500,000
Cost of store equipment (cash register, ventilation and signage) – N500,000
Cost of one distribution/delivery van – N3,500,000
Leasing of a facility for at least two years and cost of renovations – N10,000,000
Launching of an interactive website – N250,000
Throwing of an opening party – N3,000,000
Miscellaneous – N5,000,500

In summary, the sum total of N72,500,000 from the above estimate indicates that we need the sum of N73,000,000. This is in order to start and run our cashew nut processing business successfully here in Okigwe, Imo State, Nigeria.

Sources of Fund:

Incidentally, generating Fund/Start-up Capital for Cashew Nuts Factory Ltd is going to come majorly from the proprietors. In fact, Cashew Nuts Factory Ltd is a business owned and run by Dean Daniel and his immediate family members. This is a family business that Daniel family took over from their grandfather. Therefore, they have no intention whatsoever of inviting any external partners to own a share of their business. This has led to restriction of capital sourcing to only three major sources.

On this ground, the areas where we intend generating our start-up capital from include;

Personal Savings: Getting part capital from personal savings
Soft Loan from Related Parties: That is sourcing for soft loans from family members
Bank Loan: Applying for loan from the bank

In actual fact, we have been able to generate the sum of N20,000,000 from personal savings. We also got the sum of N18,000,000 as soft loan from our family members. In addition we have recently got the sum of N35,000,000 approved for us by the bank after all documents were signed and conditions met. The loan is a long term one to be repaid in 10 years at an interest rate of 3%.

Cashew Nut Processing & Marketing Feasibility Analysis – Sustainability and Expansion Strategy

As a matter of fact, we know how valuable our customers are to us. This is because without them we will not be able to generate the needed revenue. The revenue is needed not only to sustain our business but also to allow us grow and expand at the pace we want. Therefore, due to this, we intend to give our customers’ utmost priority especially when it comes to ensuring that accurate orders get to the right destination and that complaints, if any, re handled as quickly as possible.

In general, customers would want to know a brand not only listens to them but acts also. In addition, we will also give out incentives once in a while to all our loyal customers. This will be supported with a loyalty discount programs in place for those who refer us to others.

Finally, we intend to ensure that our profit retention percentage is high enough. This is with the intention to plough it back to boost our capital base. By this we ensure we have a sustained bottom line that will allow us run our business and also expand it when we deem fit.

In fact, the above listed strategies re enough to boost and expand our cashew nut processing business.

Cashew Nut Processing & Marketing Feasibility Analysis – Milestone/Check List

In consonant with all that has been enumerated in this post, we have to watch our programme executions as follows;

Business Name Availability Check and Business Registration. The Opening of Corporate Bank Accounts and Securing Point of Sales (POS) Machines. Then, Opening Mobile Money Accounts and Opening Online Payment Platforms.

Furthermore, are; Application and Obtaining of Tax Payer’s ID – TIN. Application for business license and permit. Then, Purchase of Insurance policies for the Business. Others include; Conducting Feasibility Studies and writing of business plan. Again, are Sourcing capital from family members, and Applications for Loan from the bank.

Cashew Nut Processing & Marketing Feasibility Analysis

On internal control administrations, we have the following targets; Drafting of Employee’s Handbook. Then, Contract Documents and other relevant Legal Documents. Again, the Design of The Company’s Logo. Graphic Designs and Printing of Packaging Marketing/Promotional Materials follows. Recruitment of employees, Creating Official Website for the Company comes up. And, Creating Awareness for the business both online and around the community. Furthermore, are; Health and Safety and Fire Safety Arrangement (License). Then our Opening party/launching party. Planning and Establishing business relationship with vendors. These are for wholesale suppliers/merchants. Finally, the Purchase of trucks and related asset items.

OUR BUSINESS DEVELOPMENT SERVICES:

As management consultants, we offer series of business development services. These re in respect of your business planning, company & NGOs incorporations. Then, goods/services cost analysis and pricing for feasibility analysis. Others re those for generating business ideas for start-ups, and diversification ideas for ongoing businesses. In fact, we structure these in an elaborate business plan that will help you achieve your goals. we re here for you always. Contact us on +234 8034347851 or [email protected].

Complete Full Marks Consultants Limited is a firm of chartered accountants, auditors, taxation, and business consultants.. We are always there to assist you. Our over 37-years industry experience counts.

No, would you help us share this using our social media share buttons to reach your friends? Can you follow us on our Facebook, tweeter and Linkin handles for your updates? Thank you.

Ane

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.