Snail Production and Processing Business Plan

50,000.00 20,000.00

Snail meat has been consumed by humans worldwide since prehistoric times. It is high in protein (12-16%) and iron (45-50 mg/kg), low in fat, and contains almost all the amino acids needed by humans.

A recent study has also shown that the glandular substances in edible snail meat cause agglutination of certain bacteria, which could be of value in fighting a variety of ailments, including whooping cough.

In Ghana for instance, the bluish liquid obtained from the shell when the meat has been removed is believed to be good for infant development. The high iron

content of the meat is considered important in treating anaemia.

In the past, it was recommended for combating ulcers and asthma. At the Imperial Court in Rome, snail meat was thought to contain aphrodisiac properties and was often served to visiting dignitaries in the late evening.

In West Africa, snail meat has traditionally been a major ingredient in the diet of people living in the high forest belt (the forested area other than the savannah forest).

In Côte d’Ivoire, for example, an estimated 7.9 million kg are eaten annually. In Nigeria it is clear that demand currently outstrips supply.

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Table of content                                                                                  Page 

Executive Summary                                                                                    4

Business Description                                                                                  7

Products and services                                                                                 11

Market Analysis                                                                                           11

Competitor Analysis                                                                                   13

Sales and Marketing Plan                                                                          14

Operational Plan                                                                                          20

Management plan                                                                                        25

Financial Plan and Projections                                                                  26

 

 

Executive Summary

Overview

PATILAD Snail Farm is a start-up snail farm that is involved in production and processing of quality and affordable fresh table-sized snail meat and other semi-processed snail derivatives targeting consumers in southwest Nigeria and is located in Osogbo Osun state.

The Company

PATILAD Snail 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 over 8 years’ experience and Kemi Awe, an experienced Agro-allied specialist with over 15years’ experience.

Products and Services

PATILAD Snail Farm will sell Snail products, including fresh table-sized Snail and other semi-processed Snail derivatives.

We also offer Kill–‐Cut–‐Wrap–‐Freeze (KCWF) services (e.g., traditional cuts in paper or cryovac packaging). Our products are hygienic, rich in protein and of high quality. We produce, process and package to meet standard organization of Nigeria and international standard.

The Market

In the high-altitude forest areas of West Africa, particularly in Ghana, Nigeria and Côte d’Ivoire, snail meat forms a substantial part of the meat in the diet of the local people. Snails are gathered in the wild, packed into bags, wooden crates or baskets and transported to selling points along main roads or to urban centres.

The most common species sold at the roadside in West Africa are snails, duikers, brush-tailed porcupines, hares and grasscutters. Snails and grasscutters fetch the highest market prices per kilogram. In urban areas, the gatherers may sell the snails directly to consumers or to wholesale traders or retailers. Snails can be smoked and stored for sale during the off season when prices are highest.

Competition

Competitors for PATILAD Snail Farm includes High Tide Farms, Blessed Hope Snail Farm, Snailcare Farm, Obasanjo Farm Nigeria. PATILAD Snail Farm will establish its competitive edge through the expertise of its founders.

Financial Considerations

PATILAD Snail 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 N70,278,550 and profit will reach about N31,276,413 in the 1st year of operation.

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