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CASHEW NUT PROCESSING BUSINESS PLAN TEMPLATE IN NIGERIA
1.0. Executive Summary
Harmony cashew nuts is a world-class and steering cashew nut processing company based in the outskirt of Ilorin, Kwara State. We sell our processed cashew produce to both wholesalers and retailers in the Nigerian market and worldwide. Our services also extend to the franchise and advisory services in line with our income generation purposes. Our mission is to assure that our various customers all over Nigeria and beyond get access to our high-quality processed organic cashew nuts.
To carry out our business without violating the Nigerian government laws, we have obtained the required licenses and authorizations from the appropriate departments. To be on top of our game, we have put in place arrangements and means to ensure hygiene, processing and packaging.
Our aim as a cashew nut processing company is to generate revenue, maximize profit and favorably compete against both new and existing brands in the industry, and also be among the top five cashew nuts processing companies in Nigeria in the first five years of establishment. To achieve the aforementioned, we have hired the best hands and also the best equipment in town to run the kind of standard cashew nuts processing factory we had in mind.
Over the last few years, there have been changes in the consumption patterns of nuts all over the world as it has been discovered that nuts have a positive influence on the human body by reducing heart disease, preventing diabetes, and also reducing blood cholesterol. Cashew nuts have been the leading nuts globally since 2014 and are expected to continue maintaining their leading position. Which has driven a growing demand for genetically modified crops that will help meet up with the global demand for these nuts. The nuts market globally is presumed to grow from the period 2015 to 2021 at 1.7% CAGR. As of 2014, the global nuts market was estimated at $1,137.06 billion and it is foreseen to reach $1,279.4 billion by 2021.
Due to the importance of our business structure, we have put in place a plan to ensure that we acquire and hire only the best hands at Harmony cashew nuts. Our employees have a close understanding of the industry we are in and know how best to assure that we achieve our intention of becoming a national phenomenon from scratch.
2.0. Products and services benefits
- Availability of several varieties of goods and products meeting the need of a wide range of classes of people.
- Effective customer care services.
- Lovely and most reasonable prices.
- Highest-Quality processed products packaging style.
3.0. Our products and services
Harmony cashew nuts supply all customers in Nigeria and to other countries processed organic cashew nuts, salted and roasted from our operation field in Ilorin, Kwara State. To boost our core service and ensure business growth, we plan to extend our baseline by providing other services such as training and consultancy assistance as we intend to create multiple sources of income. Our products and services include;
- Selling processed organic packaged cashew nuts products (salted and roasted) to our vast range of customers.
- Distributorship
- Piece of Training
- Consultancy assistance
4.0. Keys to Success
The keys to success for Harmony cashew nuts include:
- Quite understanding of our client’s taste and the competent hands will employ.
- Enhanced production and affordable cost.
- Highest-Quality processed products packaging style.
5.0. OBJECTIVE
- To increase representation and recognition by building baseline consumer total satisfaction.
- To keep having a repeat business of about 65% of our customer base due to our customer satisfaction.
- To grow the number of ideas proposed by 9% per year.
- To attain a net worth of 30,000,000 Naira in our first five years of operation.
6.0. GOAL
To stand among the top cashew nut processing factories in Nigeria and other parts of the world within the first five years of operations.
7.0. Vision Statement
To produce quality standard processed organic cashew nuts and be the chosen brand for customers when buying processed cashew nuts.
8.0. Mission Statement
To achieve our vision by employing competent and dedicated employees that understand our corporate goals and objectives. Also, achieve the best business practices and build a solid business structure.
9.0. Management Team
Harmony cashew nut is owned and managed by Saka Waheed. He has over seven years of experience, having worked in a Cashew Nuts Processing Factory, and will bring his vast experience to bear in the business. He is an experienced businessman and entrepreneur. He has a B.Sc in Agricultural Economics from the University of Ilorin.
10.0 Competitor Analysis
The following reasons are why people will purchase our products:
- Standard processed cashew nut products.
- Highest-Quality processed products packaging style.
- Outstanding customer care services
Our competitive advantages are:
- Standard quality processed cashew nut products.
- Highest-Quality processed products packaging style.
- Fair and avoidable prices and discount offers.
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