FISHERY BUSINESS PLAN FOR AGRO MALL NIGERIA, IBADAN


FISHERY BUSINESS PLAN FOR AGRO MALL NIGERIA, IBADAN

FISHERY BUSINESS PLAN FOR AGRO MALL NIGERIA, IBADAN

EXECUTIVE SUMMARY:

Agro Mall Nigeria is a startup fishery business located in Ibadan, Oyo State, Nigeria. Our mission is to produce high-quality fish products that meet the demands of our customers. We plan to achieve this by implementing modern fish farming techniques, utilizing trained staff, and partnering with local suppliers to ensure that we have access to the best quality feeds and equipment. Our initial target market will be restaurants, hotels, and supermarkets in Ibadan.

MARKET ANALYSIS:

The demand for fish products in Ibadan is high, with a large number of restaurants, hotels, and supermarkets in the city. According to statistics, over 1 million metric tons of fish is consumed annually in Nigeria, with a projected growth rate of 2.5% per annum. There is also a growing interest in healthy eating and a shift towards protein sources like fish, making it a lucrative market to explore.

PRODUCT AND SERVICES:

Agro Mall Nigeria will specialize in the production of catfish and tilapia, which are highly sought after in the local market. We plan to utilize modern fish farming techniques, such as the use of recirculating aquaculture systems (RAS), which will help to ensure that our fish are healthy and of high quality. We will also offer processing and packaging services to ensure that our products meet the highest standards.

MARKETING AND SALES:

Our primary target market will be restaurants, hotels, and supermarkets in Ibadan. We will also engage in direct sales through our website and social media platforms, as well as through local trade shows and exhibitions. We will partner with local suppliers to ensure that we have access to the best quality feeds and equipment, which will help us to produce high-quality fish products that meet the demands of our customers.

MANAGEMENT AND STAFFING:

Agro Mall Nigeria will be managed by an experienced team of professionals with a strong background in the fishery industry. We will also employ skilled and trained staff to assist in the day-to-day operations of the business, including fish farming, processing, and packaging.

FINANCIAL PROJECTIONS:

The startup capital for Agro Mall Nigeria will be sourced from personal savings, loans, and grants. We project that our revenue will grow steadily over the first three years of operation, with a profit margin of 20%. We expect to break even in the third year of operation, with a net profit of NGN 5 million.

Get complete and well-arranged business plan. Contact +2347063298784 or Email: info@allprojectmaterials.com. You also may request for a writing a good business plan.

FISHERY BUSINESS PLAN FOR AGRO MALL NIGERIA, IBADAN

Blog Information

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

Share Links

Search for Project Topics

Departments

Do you need a writer for your academic work?