Business Plan on Leather Tanning Executive Summary in Nigeria

Why Start a Leather Processing Business?

Products made from processed leather are used in all parts of the world and of course those that are in the business of processing leather are known to generate huge sales if the business is well-managed. As a matter of fact, economic downturn hardly affects the usage of products made from processed leather. Leather belts, bags, wallets, wristwatches, shoes, slippers and sandals et al are used on daily basis.

Overview

This business plan has been written to raise a N5, 000,000 funds for the scaling up project of our 18months old leather tanning company. We are in need of some equipment and inventory which forms part of the financing to be used for NCS LEATHER TANNER, a sole proprietorship Leather tanning company. The business will be owned by Jude Okon and will be located at 7 Tihaminu Street, Bakori Kastina State. The owner’s initial equity will be N850, 000 (eight hundred and fifty thousand naira). While showcasing the expected financials and operations over the next three years, this business plan x-rays our six months old company, what we have done, where we are and what we projected to accomplish.

The Company

Our company, NCS is a unique Leather Tanning Company; utilizing the existence of the latest technology and facilities for production and sale of high qualities goat, cow and sheep leather, hygienically produced under the best environment for maximum efficiency of our workforce.

Our products are produced to meet the ever growing demand for high quality grade leather that Nigeria is known for supplying both home and foreign based leather products manufacturing companies. Our tanned leathers come with longer durability period compared to the average shelf-life our tanned leather producers here in Nigeria offer.

VISION

Become the Nigeria’s largest exporter of leather garments in 2025

MISSION

To provide high quality, durable tanned leather and its related products at affordable cost to our teeming customers.
To give our customer the very best product and customer service so that we may earn their trust and future business.

OBJECTIVES

Constant growth in sales in 12 months.
To generate customer satisfaction so that at least 60% of our customer base is repeat business.
To provide quality product at reasonable prices with exceptional customer care services.
To generate customer satisfaction so that at least 60% of our customer base is repeat business.
To provide quality product at fair and lowest possible prices with exemplary services.
To double revenue in less than two years

KEYS TO SUCCESS

Financial stability for purchase of chemicals and other raw materials.
Stable forex exchange
Having a good retail location in high-shopping or residential areas.
Modern solution and technology
Outstanding and excellent customer care service.

Products and Service

Our company is a creative and innovative fine leather tannery that customizes and makes leather based on our customer’s needs. Our Research and Development team are working ever hard to produce the next best thing. Our products are made using FULL VEG, SEMI VEG, FULL CHROME and SEMI CHROME in Cow Hides, Goat Skins, and sheep Skins. Each article is made based on the customer’s request.

Benefits of our products & Services

High quality products of international standard
Varieties of products and its intended use
Delivery for bulk purchases
Prompt delivery services
Excellent Customer Care Services
Online access
Loyal network of suppliers and distributors

Read Also: executive-summary-of-hide-and-skin-leather-business-plan-in-nigeria

Competition

NCS could point out to three as the major competitors in our target markets. Our three major competitors for NCS Paints are Loquats Classic Ltd, Mamuda Groups, & Fata Tanning Group

NCS will establish its competitive edge through the expertise of its founders, superior working environment and improved modern technology.

Management Team

Organizational plan

Form of ownership

It’s a sole proprietorship for the now, with tendencies to become limited and also go public as expansion and growth demands. Mr Jude Okon is the CEO of NCS LEATHER TAN.

Management team background

All the members will perform their duties according to their specialization. Every member has knowledge of marketing, finance, accounting and human resource. But their duties are according to specialization.

Roles and responsibilities of members of organization

Jude Okon

President & Owner: With over 20 years’ experience working in the Leather Tanning Production industry, Patrick experience includes his 5years experience as the operational manager in Locquars Ltd. He has a good grasp on the manufacturing processes, sales strategy, wholesale and retail sales management. This experience is built into every item we sell to ensure quality, design expertise and an enjoyable comfort experience for our customers.

Mr. Barba Suleiman will deal in marketing department; he will perform all marketing activities like pricing, promotion, public relations and product forecast.
Mr. Uche Victor will perform the human resource functions along Mr. Yaya Kazeem. Recruitment & selection, compensation, training and planning are the basic duties of them. Both are responsible for labor availability and their duties.
Mr. Kufour Henry will perform finance and accounting functions as costing, budget allocation, making invoices and preparing financial statements.
Mr. Waseem Hafeez will perform operational activities, he will keep maintain andrepair of production plants and machinery and assist the labor at any problem.

Financial Considerations

NCS Paints seeks N 5 million in long-term financing to cover start-up costs, equipment, building expenses, and working capital.

Funding for the launch of the business has been provided primarily by equity from the partners and investors.

The business will reach positive cash flow in its 10th month of operation, allowing for expedited repayment of its loan obligations, as well as for dividends to be paid to the owners. Revenue will top N15, 500, 000 and profit will reach about N4, 500, 000 in the 1st year of operation.