Cocoa Business Plan
Executive Summary of Cocoa Farming Business Plan in Nigeria.
Overview
PATILAD Cocoa Farm is a new farm that is involved in production, sales and distribution of highly nutritious disease-free cocoa beans, processing into cocoa liquor, cocoa butter, cocoa powder, etc. targeting consumers in Nigeria and the international market. We are located in Ile-Oluji, Ondo state.
The Company
PATILAD Cocoa Farm is established as a limited liability company owned by Dayo Adetiloye, Adebayo Tijani, and other investors. The farm is managed and directed by Dayo Adetiloye, a veteran in the Agric. industry with 8 years’ experience and Adebayo Tijani, an experienced Agro-allied specialist with over 15 years’ experience.
Executive Summary of Cocoa Farming Business Plan in Nigeria
Vision
To be among the first 3 largest cocoa producer/distributor in Nigeria by the year 2020.
Mission
- To give our customer the very best products and provide excellent customer service so that we may earn their trust and ensure continued business transaction.
- To provide an excellent, top-notch and safe environment for Cocoa production and processing, storage and distribution.
Objectives
- Increase revenue from the sales of cocoa beans and its derivative products to N30000000 over 2 years.
- To maintain profit margins at 20-25% through close attention to expenses and cost of Cocoa production and processing.
- To drive awareness and generate sales through mentions in both local print and digital media.
Keys to Success
- Financial stability for payment of labour, fertilizer, cocoa seed and other variable inputs.
- Low operating cost and efficient processing techniques.
- Ensuring an efficient and highly motivated distribution team.
- Maintenance of good working condition and effective remuneration.
- Being a member of the Cocoa farmers and marketers Association of Nigeria (CFMAN).
- Offer consistently quality products.
- Outstanding customer service.
Products and Services
PATILAD Cocoa Farm will sell healthy, disease-free and highly nutritious cocoa beans. Other products and services include cocoa powder, cocoa tea, cocoa butter, etc. We produce process and package to meet standard organization of Nigeria and international standard. We are concerned about providing products that suit the many use of cocoa beans either for edible or industrial uses
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The Market
Today, chocolate is a highly demanded luxury product and an impulsive treat for millions of people around the world. No wonder the global market for chocolate and cocoa beverages is now worth over $100 billion (and growing) every year.
Although the developed and fast developing countries (especially in Europe, Asia and North America) consume over 90% of the chocolate produced every year, chocolate largely exists because of Africa. This is because up to 70% of cocoa, the major ingredient for making chocolate, is grown and harvested in Africa.
Competition
Competitors for PATILAD Cocoa Farm includes renown agricultural produce marketer in and around Ondo state
Executive Summary of Cocoa Farming Business Plan in Nigeria
PATILAD Cocoa Farm’s competitive edge includes the use of modern production techniques and equipment which turns out high quality products, excellent customer service, the expertise of its founders, etc.
Management Team
Dayo Adetiloye
I have over 10 years’ experience in the Cocoa Production and Processing and processing industry and I have B. Agric from Obafemi Awolowo University Ile-Ife. I also have a master’s degree in business administration MBA from same school. I am in charge of strategy planning for the business.
Adebayo Tijani
I have worked with my father for over 15 years from childhood in which I consistently helped in co-running or managing his farm estate. I have also attended several training and organized workshops where I learnt how to run a Cocoa Production and Processing, processing and distribution firm.
Femi Adeyemi
Femi Adeyemi is a seasoned accounting professional and the designated Accounting Officer for our cocoa processing farm. Armed with a degree in Accounting and specialized certifications, Femi brings a wealth of experience from previous roles in reputable agribusiness firms. Femi’s expertise lies in financial management, budgeting, and risk analysis within the agricultural sector.
Femi is well-versed in the unique financial intricacies of the cocoa processing industry, emphasizing sustainable and ethical financial practices. Proficient in cutting-edge accounting software, Femi ensures streamlined financial processes and real-time insights. With excellent communication skills, Femi fosters collaboration across departments, facilitating seamless operations.
Dedicated to compliance with industry regulations, Femi’s strategic financial planning and continuous improvement mindset contribute to the farm’s growth and stability. Femi’s commitment to sustainability extends to supporting fair trade initiatives. In summary, Femi Adeyemi is a dynamic Accounting Officer, equipped with the skills and knowledge to drive the financial success of our cocoa processing farm while upholding ethical and sustainable standards in the industry.
Management Goal
We will manage the firm to profitability by strategic production, marketing and sales. We will provide quality assurance in our business by always upgrading our product and services to the taste of time. We will ensure excellence delivery of both products and services by employing more people with production, marketing and exemplary interpersonal communication skill. Our target is to build a team of exceptional goal getters and keep a steading assent of excellent performance.
Executive Summary of Cocoa Farming Business Plan in Nigeria
Financial Considerations
PATILAD Cocoa Farm seeks N5 million in long-term financing to cover start-up costs, equipment, building expenses, and working capital. Funding for the launch of the business is provided primarily by equity from the partners and investors.
The business will reach positive cash flow in its 10th month of operation, allowing for expedited repayment of its loan obligations, as well as for dividends to be paid to the owners. Revenue will top N63,843,000 and gross margin of about N18,818,050 in the 1st year of operation.
Read: How to start a Cocoa Farm business in Nigeria
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