Business Plan on Poultry Farming Executive Summary in Nigeria

Introduction

If you’re looking to start a poultry farm, or grow your existing poultry farm, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your poultry farm in order to improve your chances of success. Your poultry farming business plan is a living document that should be updated annually as your company grows and changes.

Overview

NCS Poultry Farm is a start-up poultry Farm that will be involved in production of quality and affordable poultry meat and egg and other poultry derivates targeting consumers in southwest Nigeria and will be located in Osogbo, osun state.

The Company

NCS Poultry Farm will be established as a limited liability company owned by Jude Okon, Kemi Awe, and other investors. The farm will be managed and directed by Jude Okon, a veteran in the Agric industry with 8years experience and Kemi Awe, an experienced Agro-allied specialist with over 15years experience.

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Executive Summary of Poultry Farming in Business in Nigeria.

VISION

To be among the first 3 largest Poultry Farm in southwest Nigeria by 2015.

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 poultry meat processing, wholesaling and retailing

OBJECTIVES

Increase revenue from the sales of egg and meat to N30,000,000 over 2 years
To maintain profit margins at 20-25% through close attention to expenses and cost of poultry production
To drive awareness and build sales through mentions in both local print and digital media.
Attract farmers to use our slaughter, custom cut, and wrap services by making them aware of additional market opportunities from our retail sales

KEYS TO SUCCESS

Financial stability for purchase of feed.
Low operating cost
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.

Products and Service

NCS Poultry Farm will sell Poultry products, including poultry egg, chickens and poultry litter waste.

We also offer Kill–‐Cut–‐Wrap–‐Freeze (KCWF) services (e.g., traditional cuts in paper or cryovac packaging). Our eggs are hygienic, rich in protein and of high quality. We produce, process and package to meet standard organization of Nigeria and international standard

The Market

Nigeria as the largest nation in African presently consumes about 1.5 million MT of frozen chicken annually and more than 60% of the chicken consumed in Nigeria are imported.

According to The Poultry Association of Nigeria (PAN), 1.2 million metric tons (MT) of frozen chicken valued at N660 billion was imported into the country in 2014 alone and this was four times higher than what was produced locally, and exceeding the current industry capacity.

Executive Summary of Poultry Farming in Business in Nigeria.

Competition

Competitors for NCS poultry Farm include Choice Farms, Best Foods Global, Meat World Foods, Chi Farms, Obasanjo Farms

NCS poultry Farm will establish its competitive edge through the expertise of its founders.

Management Team

Jude Okon

I have 10 years’ experience in Poultry Farming and I have B. Agric from Obafemi Awolowo University Ile-Ife. I have master in business administration MBA from same school. I am in charge of strategy planning for the business.

Kemi Awe

I have worked with my father for 15 years from childhood in which I helped to keep the birds in the farm. I attended training and organized workshops where I learnt how to run a poultry farming business.

We will manage the business to profitability by strategic production, marketing and sales. We will provide quality assurance in the business by always upgrade our product and services to the taste of time. We will ensure proficiency by employing more people with production, marketing.

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Financial Considerations

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

Executive Summary of Poultry Farming in Business in Nigeria.

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 N64,363,850 and net income will reach about N5,784,055 in the 1st year of operation.