Business Plan on Snail Production and Processing Executive Summary In Nigeria

Introduction

Snail Farming Business Plan in Nigeria – There is no general method for calculating the startup expenses of every snail farming business as they are not the same and each has its own different funding requirement at various stages of growth and expansion. Some might startup with little money while some may borrow large sums for assets and inventory. Therefore the expenses that will be accrued before the generation of income has to be taken into consideration.

Snail meat has been consumed by humans worldwide since prehistoric times. It is high in protein (12-16%) and iron (45-50 mg/kg), low in fat, and contains almost all the amino acids needed by humans. A recent study has also shown that the glandular substances in edible snail meat cause agglutination of certain bacteria, which could be of value in fighting a variety of ailments, including whooping cough.

In Ghana for instance, the bluish liquid obtained from the shell when the meat has been removed is believed to be good for infant development. The high iron

content of the meat is considered important in treating anaemia. In the past, it was recommended for combating ulcers and asthma. At the Imperial Court in Rome, snail meat was thought to contain aphrodisiac properties and was often served to visiting dignitaries in the late evening.

In West Africa, snail meat has traditionally been a major ingredient in the diet of people living in the high forest belt (the forested area other than the savannah forest). In Côte d’Ivoire, for example, an estimated 7.9 million kg are eaten annually. In Nigeria it is clear that demand currently outstrips supply.

Business Plan on Agriculture

As a business, they offer an opportunity for Snail farmers to earn steady income and also provide employment opportunities for countless number of men and women.

One of the major customers for snail farms in Nigeria are the major fast-food companies like Mr. Biggs, Tantalizer, Sweet Sensation and UAC followed by hotels, restaurants and then household consumers of snail. The high demand for fresh table-sized snail and other semi-processed snail derivatives has led to an increase in Snail farms springing up in many parts of the country.

However, there is a short fall in the supply of snail because most of the snail farms in the country are overtly small scale producers and not with consistent supply of snails all year round. Hence starting a snail farm of your own either on a large or small scale is indeed a very wise decision as this will bring you immense financial benefit both in the short and long term.

Overview of Snail Production and Processing Business Plan In Nigeria

NCS Snail Farm is a start-up snail farm that is involved in production and processing of quality and affordable fresh table-sized snail meat and other semi-processed snail derivatives targeting consumers in southwest Nigeria and is located in Osogbo Osun state.

The Company of Snail Production and Processing Business Plan In Nigeria

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

Products and Services Snail Production and Processing Business Plan In Nigeria

NCS Snail Farm will sell Snail products, including fresh table-sized Snail and other semi-processed Snail derivatives.

We also offer Kill–‐Cut–‐Wrap–‐Freeze (KCWF) services (e.g., traditional cuts in paper or cryovac packaging). Our products 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 of Snail Production and Processing Business Plan In Nigeria

In the high-altitude forest areas of West Africa, particularly in Ghana, Nigeria and Côte d’Ivoire, snail meat forms a substantial part of the meat in the diet of the local people. Snails are gathered in the wild, packed into bags, wooden crates or baskets and transported to selling points along main roads or to urban centres.

The most common species sold at the roadside in West Africa are snails, duikers, brush-tailed porcupines, hares and grasscutters. Snails and grasscutters fetch the highest market prices per kilogram. In urban areas, the gatherers may sell the snails directly to consumers or to wholesale traders or retailers. Snails can be smoked and stored for sale during the off season when prices are highest.

Competition of Snail Production and Processing Business Plan In Nigeria

Competitors for NCS Snail Farm includes High Tide Farms, Blessed Hope Snail Farm, Snailcare Farm, Obasanjo Farm Nigeria. NCS Snail Farm will establish its competitive edge through the expertise of its founders.

Financial Considerations of Snail Production and Processing Business Plan In Nigeria

NCS Snail Farm 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 is 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 N70,278,550 and profit will reach about N31,276,413 in the 1st year of operation.

Business Description

NCS Snail Farm is a start-up snail Farm that is involved in production of quality and affordable fresh table-sized snails and other semi-processed snail derivatives targeting consumers in southwest Nigeria. We are located in Osogbo, Osun state.

NCS Snail Farm 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, Kemi Awe, and other investors

State of business: The business is a new business

Opening days: 8am -7pm, Monday to Saturday.

Business Development

Consultant: Oyebade Adejumobi (B. Agric., MBA)

Hundred and Five Academy

Legal Adviser: Barrister Adejoke Chambers.

Board of Directors Jude Okon, Awe Kemi, Olufemi Ayodeji

Vision of Snail Production and Processing Business Plan In Nigeria

To be among the first 3 largest Snail Farm in southwest Nigeria by 2025.