RABBIT BATTERY BUSINESS PLAN AND FEASIBILITY STUDIES FOR RACON AGRIC MULTIPURPOSE VENTURE, NIGER STATE


RABBIT BATTERY BUSINESS PLAN AND FEASIBILITY STUDIES FOR RACON AGRIC MULTIPURPOSE VENTURE, NIGER STATE

RABBIT BATTERY BUSINESS PLAN AND FEASIBILITY STUDIES FOR RACON AGRIC MULTIPURPOSE VENTURE, NIGER STATE

EXECUTIVE SUMMARY:

Racon Agric Multipurpose Venture is a business that focuses on the production and sales of rabbit meat in Niger State, Nigeria. The venture will be managed by experienced professionals with backgrounds in animal husbandry, agriculture, and business management. The aim of the venture is to provide high-quality rabbit meat to consumers in Niger State and beyond, while also creating employment opportunities and contributing to the local economy.

MARKET ANALYSIS:

The market for rabbit meat in Niger State is relatively untapped, and there is a growing demand for high-quality, healthy meat among consumers. The population of Niger State is estimated to be over 4 million people, with a significant portion of the population being Muslim. As such, there is a high demand for halal meat, which rabbit meat can provide.

PRODUCTION PLAN:

The venture will start with a small-scale production facility, with the capacity to house up to 500 rabbits. The rabbits will be sourced from reputable breeders and will be housed in a clean and hygienic environment. The rabbits will be fed a balanced diet consisting of hay, grains, and vegetables. The venture will also explore the use of local feed ingredients such as cassava peels and maize bran to reduce production costs.

MARKETING PLAN:

The venture will employ various marketing strategies to reach its target market. These include setting up a website and social media presence to showcase the products, partnering with local supermarkets and restaurants to sell the products, and attending local trade fairs and events to showcase the products and build brand awareness.

FINANCIAL PLAN:

The start-up capital required for the venture is estimated to be NGN 3,000,000 (approximately USD 7,500). This includes the cost of constructing the production facility, purchasing rabbits, and buying equipment and supplies. The venture will generate revenue by selling rabbit meat to consumers and local businesses. The cost of production is estimated to be NGN 1,500,000 per annum, and the expected revenue is estimated to be NGN 3,000,000 per annum. The venture is expected to break even within the first year of operation.

FEASIBILITY ANALYSIS:

The venture is feasible as there is a growing demand for rabbit meat in Niger State, and the market is relatively untapped. The venture is also well-positioned to benefit from government incentives and support for agricultural businesses. The venture will create employment opportunities for local people and contribute to the local economy.

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RABBIT BATTERY BUSINESS PLAN AND FEASIBILITY STUDIES FOR RACON AGRIC MULTIPURPOSE VENTURE, NIGER STATE

Blog Information

  • Type : Research Guides
  • Published by : All Project Materials
  • Date : March 20, 2023

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