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HOW TO START A RICE PRODUCTION BUSINESS | COSTS, IMPLICATIONS AND REQUIREMENTS

Executive Summary of Rice Milling Business Plan in Nigeria.

  • DayoHub

Executive Summary of Rice Milling Business Plan in Nigeria.

Overview

PATILAD Rice Farm is a start-up rice Farm that is involved in production of quality and affordable edible polished rice targeting consumers in North Central Nigeria and is located in Lafia, Nassarawa state.

The Company

PATILAD Rice Farm is established as a limited liability company owned by Dayo Adetiloye, Kemi Awe, and other investors.  The farm is managed and directed by Dayo Adetiloye, a veteran in the agric. industry with 8 years’ experience and Kemi Awe, an experienced Agro-allied specialist with over 15 years’ experience.

VISION

To be among the first 3 largest Rice Farm in North Central Nigeria by 2015.

MISSION

  • To give our customer the very best product and customer service so that we may earn your trust and future business.
  • To provide an excellent, top-notch and inviting environment for rice  processing, wholesaling and retailing

OBJECTIVES

  • Increase revenue from the sales rice to N30,000,000 over 2 years
  • To maintain profit margins at 20-25% through close attention to expenses and cost of rice production
  • To drive awareness and build sales through mentions in both local print and digital media.

KEYS TO SUCCESS

  1. Transportation
  2. Warehouse
  3. Capital
  4. land
  5. Low operating cost
  6. Having a good retail location in a high-shopping area

 

Executive Summary of Rice Milling Business Plan in Nigeria.
Executive Summary of Rice Milling Business Plan in Nigeria.

 

Products and Service

PATILAD Rice Farm will sell packaged locally produced edible polished rice. We produce, process and package to meet standard organization of Nigeria and international standard.

The Market

Nigeria as the largest nation in African presently consumes about 5 million MT of polished rice annually and about 36% of the rice consumed in Nigeria are imported.

According to the statistics released by the Federal Ministry of Agriculture and Rural Development (FMARD), 1.8 million metric tons (MT) of polished rice valued at N660 billion was imported into the country in 2014 alone. Apart from the stiff competition imported rice pose to locally produced rice, they also seem to

Competition

Competitors for PATILAD rice Farm are Choice Farms, Best Foods Global, Meat World Foods, Chi Farms, Obasanjo Farms

PATILAD rice Farm will establish its competitive edge through the expertise of its founders.

Management Team

Dayo Adetiloye

He has 10 year experience in Rice Farming and has B,Agric from Obafemi Awolowo University Ile-Ife. He has master in business administration MBA from same school. I will be in charge of strategy planning for the business. And the CEO of the Business.

Oyebade  Adejumobi

He has being in the rice business for over 25 years. He has worked with 3 major rice mill company in North Central of Nigeria. He as attended more than 7 trainings and organized workshops where he learnt advance Rice milling operations. He will be in charge of Day to Day operation of thebusiness

 

We will manage the business to profitability by strategic production, marketing and sales.  We will provide quality assurance in the business by always upgrade our product and services to the taste of time. We will ensure proficiency by employing more people with production, marketing

Executive Summary of Rice Milling Business Plan in Nigeria.
Executive Summary of Rice Milling Business Plan in Nigeria.

Financial Considerations

PATILAD rice 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 N14,500,000 and profit will reach about N3,843,950 in the 1st year of operation.

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Dayo Adetiloye Business Hub is a grassroot business development service provider with a 6 year of track record of excellent service delivery for local and international clients.

As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).

Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.

Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.

We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.

Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community

Mission Statement:
– Provide bespoke management and business planning consultancy
– To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
– To inspire, empower and champion entrepreneurship in the global online community.

Business Goals and Objective

– Engender national prosperity by contributing to the creation of at least 100 new businesses every year
– Become a go-to brand for outstanding business development services for MSMEs
– Strategic partnership with local and international organization to empower start-ups
– Continuous innovation to serve our clients better

Core Values:
Integrity
Opportunity Maximization
Digitalization
Personal Development (Capacity Building)
Excellent Customer Satisfaction
Timeliness

Share this:

Enter your name and email and Download our FREE eBook, get the weekly newsletter, Update on Grants, Business Opportunities & Premium Services from DayoAdetiloye.com... Joining is FREE!

Dayo Adetiloye Logo

Author

Dayo Adetiloye Logo

Lets connect

Facebook Twitter Youtube

Dayo Adetiloye Business Hub is a grassroot business development service provider with a 6 year of track record of excellent service delivery for local and international clients.

As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).

Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.

Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.

We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.

Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community

Mission Statement:
– Provide bespoke management and business planning consultancy
– To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
– To inspire, empower and champion entrepreneurship in the global online community.

Business Goals and Objective

– Engender national prosperity by contributing to the creation of at least 100 new businesses every year
– Become a go-to brand for outstanding business development services for MSMEs
– Strategic partnership with local and international organization to empower start-ups
– Continuous innovation to serve our clients better

Core Values:
Integrity
Opportunity Maximization
Digitalization
Personal Development (Capacity Building)
Excellent Customer Satisfaction
Timeliness

Share this:

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