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Business Description
We specialize in the mechanize production of quality cassava / garri, packaged in branded packs.
Benefit of our product
Our mechanized cassava / garri takes away the drudgery faced by local producers in the village, hence providing quality garri that has low
moisture content, low sand content and acceptable level of cyanide content approved by NAFDAC and other regulatory bodies in the
countries.
Demand of our product
Cassava / Garri is a sort after food staple in the country consumed by majority populace of the country, people consume garri by making it
with hot water eating it as eba or pouring cold water in it and adding condiments such as groundnut, sugar, milk, salt or by taking it ordinary
without any condiment. Cassava / Garri staple is a common food consumed by all class in the society irrespective of their socioeconomic
class and culture. Our branded garri will bring customers to our point of sale because of the quality in our production and packaging.
Market targets and customers
The demand for garri is always on the increase, as majority of Nigeria populace consumes garri as a major staple food. Consumers now
concern themselves with the type and quality of garri they consumed this is because of the health concern of consuming garri processed by
our local producers in our villages. We will be providing quality garri to our customers at a very competitive price, irrespective of their social
economic class.i.e the market women, schools,restaurants,hospitals,banks,e.t.c
Growth Trends in This Business;
Under the current administration, Nigeria has fastest and biggest economy in Africa especially with the boost in the agricultural sector in
promoting the cultivation of cassava. This has drastically increased the production of garri for both national and international
consumption.With our mechanize garri branded in packs we will bemeeting with the need of both national and internernational standard
The Vision
Our vision is to ensure that our customers get quality garri with low cyanide content, moisture content and sand content.
Personal Background and Education Credentials
I am Fakankun Funmilayo Modupe a native of Ilesa in Osun State,undergoing a Bachelor degree programme at an affiliate outlet of the
University of ibadan. I am 23 years of age. I read motivational and business books at my spare time; I enjoy listening to music and engaging
in good conversations. I am very good at surfing the internet in terms of researching, marketing and advertisement.
I have always seen myself as an employer of labor. Because, I am meant to understand the only way be successful is to make others
successful. The private limited liability company is my choice in running the business enterprise. This option enables me to take my destiny
in my hands by having the experience and putting my ideas to good use. I will take complete responsibility and provide quality leadership
needed to nurture the business and fulfill its sets goals and objective.
Capital Cost:
Equipment and price
1. processing plant
A set of garri processing plant is purchased at rate of N600, 000. It consists of the following;
1.Peelers:Peeling involves removing the outer brown layer of cassava tubers to expose the white/yellow flesh. Peeling can be done with
knives (which takes more time and labour) or a mechanizedpeeling machine (which is more expensive of course). However, peeling
machines reduce waste, saves time and labour, and does more work in a short time; it can peel up to 2,500kg of cassava in anhour while
manual peeling can only process 20kg. The peeler is usually the most expensive machine of the whole range.
2.Grater:This machine grinds the peeled and washed cassava tubers into a pulp or mash and can often process up to 4 tons of raw cassava in
one day.
3. Hydraulic Press:This machine comes with a 30-ton hydraulic jack and does an easy job of squeezing all the water out of the mashed
cassava.
4.Sieving machine:This is the machine that separates the fibre/lumps from the grated, mashed and pressed cassava before frying.
5.Fryers:There are basically two types of fryers - mechanical and metal trays. While the mechanical fryer is much more expensive, it can
process more gari in a shorter time than the metal trays which require more time and human labour. However, both still get the same result.
6. Stain less frying pots and burners and cooking gas cylinders.
2. Stand-by generator N50, 000
3. Fermentation tank N10, 000
4. Wheelbarrows, weighing scale, knives, big bowls, brooms, mopping sticks, frying pads,
N50 000.
5. Packaging and sealing machines: N50 000
Total=N760, 000
Raw materials
1. 40 tons of cassava N200, 000
2. Health and protective gears. N10, 000
3. Heat. (Cooking gas). N20, 000
4. Diesel and petrol. N20, 000
Total=N250, 000
Computing system
1. Laptop N40 000
2. 3 in 1 printer, scanner and photocopier N20, 000
3. Accounting software N5000
TOTAL= N65, 000
E-Commerce
1. Internet N5000
2. Facebook paid advert N10, 000
3. Domain name creation(website/blog) N20000
4. Radio, TV, billboard ads N20, 000
Total=N55, 000
licenses required
*certificate of incorporation from the coperate affairs commission*
*tax identification number from the federal inland revenue service*.
*VAT registration number from the federal inland revenue service*.
Marketing Strategy
Our marketing sales and strategy is centered on:
*Bulk sales to whole sellers and retailer at 30% discount of the selling price.
*Retail sales in the warehouse.distributions to credible wholesalers and retailers
*.Direct sales to final consumers.
Future requirement;
This depends on the desired level of expansion. In theshort run, output can be increased without necessarily acquiring bigger production
space but breaking up the production team to undertake shift duties i.e., morning afternoon and night shift. As turnover improves and market
z there will be need to acquire another warehouse even in the short run.
Site analysis
The site must be accessible by road and have relevant infrastructure such as electricity to support production. It should be located at the
cluster of the city to attract backward and forward integration.
Growth program
We estimate that business will grow at the rate of 10-20% every year we have develop a profitable pilot scheme that indicates that the total
capital investment can be entirely recouped in one year giventhe production and complete sales of the entire inventory of finished
goods.Total monetary value of investment is put atN2, 000000 and turnovers of N6, 260, 000 see projected cash flow for details. This project
will be financed by Mr. Bukky Falomo of N2, 000000