Executive Summary of Bakery Business Plan in Nigeria

Introduction

The bakery business (bread) is one of the lucrative businesses in Nigeria as bread is widely consumed in Nigeria. In fact, bread is the third staple food in Nigeria. There is virtually no household in Nigeria where bread is not consumed and in some families, bread is their main food.

Lagos State is the highest bread consumer in Nigeria as about 10 million loaves of bread are consumed in Lagos State every day.

NCS Bakery and Confectioneries is a new company specializing in different variety of bakery products. Over the years there has been a consistent demand for bakery products. This can be explained to a large degree by the fact that bread makes up a significant composition of food taken by low, middle and high income earners in Nigeria. Bread is fast and suitable food based on wheat. What was once a product of an artisan and unpackaged production process has transformed into a technological process that result into varieties of packaged product. This is very positive for consumers as well as bakeries and confectioneries such as NCS that specialize in these products.

Executive-Summary-of-Bakery-Business-Plan-in-Nigeria

Company Summary

NCS Bakery and Confectionaries will be located at Winners Road Ile-Ife, Lagos state. Lagos is a very popular location because of strategic positioning within the Winners chapel neighborhood. It is also a prime location for most employees of the surrounding downtown businesses. The bakery sells loaf bread, sliced bread, wheat bread and other specialized baked bread to the surrounding community from 8am to 8pm daily (i.e. Mondays to Saturdays).

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Mission

NCS Bakery and Confectionaries aims to be a cornerstone in our community creating a neighborhood atmosphere where customers feel comfortable and become instant regulars. We are sensitive to the often-over-looked population of allergy sufferers and cater to their needs for healthy, delicious baked goods. We seek fair and responsible profit, enough to keep the company financially healthy for the long term and to fairly compensate owners and investors for their money and risk.

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The Product

NCS Bakery offers a wide range of exciting products. And they include:

Slice bread,
Loaf Bread, and
Wheat Bread
Special Bread such as: Sandwich Bread, Chocolate spread, English Muffins, Honey Sandwich Bread, Hard Crust Bread, Sardine bread etc.

Objectives

To establish a working storefront for NCS Bakery and Confectioneries.
To develop the strong presence in the community needed to support sales goals.
To develop a full menu by the end of the third quarter.

Executive-Summary-of-Bakery-Business-Plan-in-Nigeria

Management Summary

Jude Okon is the founder of NCS Bakery and Confectioneries. He brings to the bakery his experience as a baker and as an entrepreneur. She has worked as a baker for over 5 years including two years as an apprentice in a bakery. His duties at the bakery will include employee hiring and training, head baker and store management.

Jumobi Oyebade run his own successful financial consulting firm for 10 years. His duties will include the bookkeeping, inventory management and stock fulfillment.

Tolu Oyebiyi runs his own PR Company and will be assisting the Karina bakery and confectioneries in its marketing campaigns on a part-time basis.

Funmi Olanlawon has worked as a baker for over four years and will be the assistant baker. His responsibilities will also include the management of the bakery shopping list.

Once the bakery becomes established and operational direct labor of eight employees will be hired to boost our production capacity.

7.0 Financial Plan

The following sections will outline important financial assumptions.

Executive-Summary-of-Bakery-Business-Plan-in-Nigeria

Important Assumptions

Currently Nigeria is officially in recession. However, we do not believe that our business will be unduly affected. Since our products are ones that help contribute to and maintain good health, we believe that people will continue to buy our products. We are operating in a niche market, and in addition, the price of our breads although within the range of traditional bakeries they are not positioned as expensive, luxury items.