Business Plan on Meat Processing Executive Summary in Nigeria

Introduction

Processed meat is a product in which the properties of fresh meat have been modified using one or more procedures such as grinding, chopping, addition of seasonings, alteration of colour or heat treatment. Some processed meats are sausages, bacon and meat loaves. Meat processing contributes to preservation, convenience, appearance, palatability, and safety, and provides consumers a wide variety (choice) of meat products. To the manufacturer, processing meat is a way of value addition to otherwise low grade quality meats that have reduced premium and value and contributes little to overall profits. It is also an effective way of extending the shelf life of products in order to satisfy consumer demands over a long time.

Overview Meat Processing Business Plan in Nigeria

NCS Meat Processing Ltd is a start-up Slaughterhouse and a retail outlet for processing of poultry products and other meats in Osun state and neighbouring environment.

NCS Meat Processing Ltd is a Slaughterhouse and a retail outlet for processing of poultry products and other meats that meets the expectation of the middle and top end clientele.

NCS Meat Processing Ltd is a new business and is about to start registration process with Corporate Affairs Commission of Nigeria.

Form of business: Limited Liability Company

Owners of business: Jude Okon, and other investors

State of business: The business is a new business

Opening days: 8am -5pm, Monday to Saturday.

Business Development

Consultant: Adejumobi Oyebade (MBA)

Hundred and Five Academy

Legal Adviser: Barrister Adejoke Chambers.

Board of Directors: Jude Okon

Bunmi Aanuoluwapo

Kunle Sule

VISION

To be among the first 3 largest Animal processing retail outlet in Nigeria by 2025.

MISSION

To give our customer the very best product and customer service so that we may earn your trust and future business.
To provide an excellent, top-notch and inviting environment for meat processing, wholesaling and retailing

OBJECTIVES

Increase revenue from the custom slaughter business to N30,000,000 over 2 years
To maintain profit margins at 15-20% through close attention to expenses and cost of Meat processing sold
To drive awareness and build sales through mentions in both local print and digital media.

KEYS TO SUCCESS

Having a good retail location in a high-shopping area
Hygienic and neat processing facility
Acquire federal inspection for slaughter and processing
Quality processed product, and good relationships with vendors
Outstanding customer service and faster processing duration.

The Company Meat Processing Business Plan in Nigeria

NCS Meat Processing Ltd will be established as a limited liability company owned by Jude Okonand his team of investors, The store will be managed and directed by Jude Okon, a veteran in the industry with 15 years’ experience

NCS Meat Processing Ltd will sell processed Poultry products, Fish products, beef products and other animal products. We also offer Kill–‐Cut–‐Wrap–‐Freeze (KCWF) services (e.g., traditional cuts in paper or cryovac packaging). The products will be purchased from suppliers within a 100-mile radius of the store to have minimal impact on the environment and to maintain product freshness. Products will be purchased as whole animals and butchered in the store by trained butchers. .

Related Business Plan on Animal

The Market Meat Processing Business Plan in Nigeria

The meat and poultry industry is the largest segment of Nigeria Agriculture

Over 15million population in Lagos consume averagely on a daily basis 500,000 tons of Animal.

NCS Meat Processing Ltd target medium, high end income earners and specialty consumers.

We have more food and restaurant outlets opening on weekly basis in Osogbo which gives increase demand for our products and services.

Competition

Competitors for NCS Meat Processing Ltd fall into the following categories:

Farms and slaughter house e.g Choice Farms, Best Foods Global, Meat World Foods.
Farms and slaughter house e.g Chi Farms, Obasanjo Farms

NCS Meat Processing Ltd will establish its competitive edge through the expertise of its founders.

To capitalize on rising interest in local meats NCS Meat Processing Ltd intends to build a new, federally-inspected, animal processing facility,

8000 sq. ft., including retail space for specialty meat products.

Executive Summary of Meat Processing Business Plan in Nigeria

Financial Considerations

NCS Meat Processing Ltd seeks N5 million in long-term financing to cover start-up costs, equipment, building expenses, and working capital.

Funding for the launch of the business will be 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 N14,500,000 and profit will reach about N3,843,950 in the 1st year of operation.