POULTRY
FARMING BUSINESS PLAN AND FEASIBILITY STUDY FOR SAM AND ENE AGRIC VENTURES,
ODUKPANI, CROSS RIVER STATE
EXECUTIVE
SUMMARY:
Sam and Ene Agric Ventures
is a poultry farming business that is dedicated to the production of
high-quality chicken meat and eggs for consumption in Odukpani and surrounding
areas. The business is owned and operated by Sam and Ene, who have a combined
experience of over 10 years in the poultry industry.
MARKET
ANALYSIS:
The market for poultry
products in Odukpani and surrounding areas is large and growing. There is a
high demand for chicken meat and eggs, and the market is not currently being
fully served. The business will target households, restaurants, hotels, and
supermarkets in the area.
PRODUCTS
AND SERVICES:
Sam and Ene Agric Ventures
will produce and sell chicken meat and eggs. The business will start with 500
broiler chickens and 500 layers. The broilers will be raised for meat
production, while the layers will be used for egg production. The business will
also offer chicken processing services to customers who want their chickens
processed for consumption.
MARKETING
AND SALES:
The business will employ a
variety of marketing strategies to reach potential customers. These will
include print and radio advertising, social media marketing, and participation
in local events and fairs. The business will sell its products directly to
customers through its own retail outlet, as well as through supermarkets and
other retail outlets in the area.
OPERATIONS:
The business will be
located on a 1-acre piece of land in Odukpani. The land will be fenced to
provide security for the chickens. The business will employ experienced staff
to take care of the chickens and manage the day-to-day operations of the farm.
The business will also partner with suppliers of chicken feed and other
necessary inputs.
FINANCIAL
PLAN:
The startup costs for the
business are estimated to be ₦5,000,000. This
will cover the cost of purchasing land, building a chicken house, purchasing
chickens, feed, and other necessary equipment. The business is projected to
generate a total revenue of ₦12,000,000 in its
first year of operation. The net profit for the first year is estimated to be ₦3,500,000.
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