Yogurt Production Business Plan In Nigeria: Executive Summary Of Yogurt Production Business Plan In Nigeria Our proposed Yoghurt production business will bear a unique name “Dynamo Yogurt Drinks & co” The yoghurt will be produced at Charity Estate, GRA, Anambra State. The product is a Yoghurt Drinks that has a sweet refreshing taste that has the unique ability to nourishe the body and its uniqueness is derived from the flavours which were as a result of ingredients used for the production of the Yoghurt. The Yoghurt is based on the refreshing taste and what we have here makes it unique.
To get our detailed and comprehensive Yoghurt Production Business Plan In Nigeria, pay N10,000 to
GTBANK (Guaranty Trust Bank)
Account Name: Ogumka Innocent
Account Number: 0153723721
After you have made payment for your Yoghurt Production Business Plan In Nigeria, send your email and payment details to 07017130778. Once your payment has been verified the Yoghurt Production Business Plan In Nigeria PDF will be sent to your email
You can reach us via our WhatsApp number number 07041813286 or email @ tradewithchapatti@gmail.com
Our main client Target will be youths and some elders who would like good and quality tasty yoghurt drinks and also to all that loves sweet and flavoured ice cream. This Yoghurt production business is a sole Proprietorship and the owner is Dozie Elukuba. The future of our product is based on the diversification of the product from synthetic base to natural base and also to create enabling marketing atmosphere for the product which can beat down competition from any other product.
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We have estimated the business to cost N1,000,000 which will be for a medium scale production. This will also take it to a greater height.
Also, the Yoghurt production business will be fully funded by a cooperative body (family) with Dozie Elukuba as the sole manager of the business and no loan will be taken and to establish this business, it will cost N1,000,000. If there will be a need to apply for a loan from a bank, it will be used to expand the businesslike producing more good quality and tasty yogurt drinks prior to the market and which will take an estimated period of 2-3 years. In any business the aim is a profit and an estimate of the first product should be up to 10% of the invested capital or more.
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Since the yoghurt drinks are subject to fermentation, they will be stored in a rubber container. This will in make it last longer furthermore, it will be stored in a cool dry place. Our Yoghurt product will be very beneficial to the society at large in many sense and one of them will be that the price rate will be cheaper compared to other products of the same quality and quantity.
Business Overview
The name of the business is Dynamo Fresh yogurt Drinks & co. Located at Koja Estate, Ikeja, Lagos State, and we will be specialized on Yoghurt drinks and the target market is the general public especially the youths and elders.
Vision and Mission
Our mission for the Yoghurt production business is to be the best yogurt production industry in tbe state and in 10 years, we hope to be the best Yoghurt production company in Nigeria. We are setto establish over 30 out of 36 states of the country our Yoghurt producti, by supplying and establishing ten years of establishment.
Business Objective
– To achieve a sales turnover of N2,000,000 at the end of one year
– A gross profit of N900,000
– A net profit after Tax of N1,000,000 by end of one year of operation of our business
– To increase our staff salary by 20-25% one year of operation
– To increase more additional branches in Owerri and Aba within two years of establishment
Critical Success factors of the Business
– Consistency in quality products
– Market consideration/demand
– Price stabilization and affordability
Value Proportion
– Uniqueness in fragrance used
– Quality maintenance
– Branding and colour consideration to avoid stain of cloths
Legal Requirement
Legal Requirement Amount to be Spent (Budget)
– Corporate affairs registration N60, 000
– State/Local government permit licensing N15, 000
– Patent fee N100, 000
– NAFDAC number N50, 000
Contribution to Local and National Economy
– The business will help the host communities by creating employment to the youths and others.
– The business will increase the revenue of generation of the State and reduce importation of foreign based yoghurt drinks into the country
Marketing Plan
Product Description/Service Description
Product/Service Importation Features Competition Comparison
Fresh yogurt drinks Good quality and refreshing taste and a lasting quality.
Customer Service
The product will be serviced at open market and cosmetics shops and shopping malls for as long as the market is open
Description of Business Industry
The industry supplies the products to small scale and other firms for sales and marketing and also sales at different areas and through advertisement to general public.
Potential Challenges in the Business Industry
We are projecting that we will have a bit of challenge in the area of creating trust on customers to patronize the product and to lure them away from foreign base yoghurt drinks.
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The Opportunity
In Nigeria, we have researched on the reasons why Products made in the country/local products do not last. And the reason is not far fetched. The lack of good quality and proper packaging and labeling are the main reasons. We have also observed that the design of a product and the quality of the product is what keeps a product in the market and on the lips of clients in the country. Our product will have all the important qualities and designs that will ensure that it conquer in the market and attract customers.
Target Market
Our target audience and clients are both male and female of all ages. They include everyone who can consume yoghurt drinks, and working/income earners class. We will based the company in the city where majority of our customers are situated. For the now, religion is not on consideration except otherwise developed.
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Raw Materials
To get our detailed and comprehensive Yoghurt Production Business Plan In Nigeria, pay N10,000 to
GTBANK (Guaranty Trust Bank)
Account Name: Ogumka Innocent
Account Number: 0153723721
After you have made payment for your Fitness Equipment Business Plan In Nigeria, send your email and payment details to 07017130778. Once your payment has been verified the Yoghurt Production Business Plan In Nigeria PDF will be sent to your email
You can reach us via our WhatsApp number number 07041813286 or email address @ tradewithchapatti@gmail.com
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