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Herbal Medicine Business Plan

50,000.00 20,000.00

  1. Business Description

PATILAD HERBAL MEDICINE is a trado-pharmaceutical and manufacturing company that produces herbal medicines made from the very best natural extracts. We create our own powerful infusion of herbal medicines carefully blend it with natural flavours from pure natural medicinal plant commonly found in the West African sub-region.

This combination of the raw materials and natural ingredients provides a potent dose of unique plant anti-oxidants with the best possible flavour once brewed. The herbal medicines tastes so good we don’t need to add any colours or artificial flavours so we keep them most potent.

The herbal medicine comes in different packs of natural flavours and non-flavoured ones. Our products are highly produced with a carefully selected material so we can be confident of optimum results.

Form of business:              A sole proprietorship.

Owner of business:           Dayo Adetiloye

State of business:               New business

Opening days:                     9-5pm Monday – Friday

Business Development

Consultant:                       Jumobi Oyebade (B. Agric., MBA)

                                            Hundred and five Academy

Legal Adviser:                   Barrister Oyewumi Oyewuni &Co

Banker:                               GTB

Board of Directors:           Linastar Integrated Services, Njideka Nwoga Idong Harrie Limited, Makinde Temitope      

VISION

PATILADWONDER is committed to become one of the top three traditional medicine producers in Nigeria and to be the leading herbal healthcare company to provide an alternative medicine system which is dedicated not only to cure diseases but to keep people remain healthy.

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Table of content

Page

Executive Summary 2
Introduction 4
Business Description
5
Products and services
9
Market Research 10
Competitive Advantage12
Competitor Analysis15
Sales and Marketing Plan16
Operational Plan17
Business Risk20
Management and Structure 20
Financial Plan and Projections 21

Executive Summary

PATILAD Herbal Medicine is involved in the production, packaging and distribution of high quality herbal and natural medicines and other related medicinal products to cure, control or manage a number of ailments, most of which are not curable or manageable using orthodox western medicines. We want our herbal medicine to be go-to-choice for curing, controlling and preventing different kinds of ailments and diseases all across Nigeria. We are at the final stage of leasing a facility that is spacious enough to handle the kind of Production Company that we intend launching and the facility is located not too far from our greenhouse farm where we grow our raw materials.

Our Products and services

We specialize in the production of herbal and natural medicines and other related medicinal products to cure, control or manage a number of ailments, most of which are not curable or manageable using orthodox western medicines. Some of these ailments which we provide medicines for include: gout, hypertension, low sperm count, amenorrhoea, kidney illness, sickle cell anaemia, diabetes, ulcer I & II, low pressure, malaria, hepatitis B, bacterial infections, Numbness, swollenness, worm infections, bleep pile, indigestion, irregular menstruation, itching, toilet infections, etc. We also provide medical consultation services to out-patients and operation of medical laboratory. We are capable of treating bacterial infections permanently.

Competition

Our company is forming its own market with our unique concept of herbal extracts and medicine which has passed very well during our random market test. Our pronounced emphasis on quality has led us to specialize as a company in liquid herbal extracts. Herbal extracts in liquid and form are the most medicinally effective and easy to assimilate, having various other advantages as well. Being essential to achieving and maintaining optimal health, the benefits of liquid herbal extracts over other forms of herbal remedies cannot be overemphasized. PATILAD Herbal Medicine will ensure that all our customers are given first class treatment whenever they visit any of our chains of outlets.

Our Company

PATILAD Herbal Medicine is owned by Dayo Adetiloye and his immediate family members. Dayo is a herbal medicine specialist; he has a B.Sc. in Pharmacy and a Masters in Business Administration, with well over 10 years of hands on experience in the foods production industry, and worked with some of the leading brands in Nigeria.  Although the business is launching out with a distribution network around Lagos, Ibadan and Ogun State but there is a plan to expand to other states in a very short while.

The business will reach positive cash flow in its 2nd year of operation, allowing for expedited repayment of its loan obligations, as well as for dividends to be paid to the owners.  Revenue will top N10, 000,000 and profit will reach about N20,000,000 in the 2nd year of operation.

1.    Introduction

The ancient tradition of herbal remedies is making a resurgence and finding its way back not only onto the market, but more especially into the hearts of many people who, despite the availability of orthodox medicine, are redirecting their healthcare towards the raw provision of nature. Traditional herbal medicines are naturally occurring, plant-derived substances with minimal or no industrial processing that have been used to treat illness within local or regional healing practices. Traditional herbal medicines are receiving significant attention in global health debates. Herbs come in various forms ranging from local gin and herbs such as agbo gbogbonise, sepe and paraga, opa eyin, sapele water, atato, opelebe, dagrin, kainkain, jedi and karaole, burantashi among others. The growing of herbs for medicine is thriving and is to some…

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