Plantain farming is no doubt one of the lucrative businesses in Nigeria, but processing it into other finished products is far more profitable than just farming and selling them raw. Plantain is one of the staple food in Nigeria and is widely consumed. It has been estimated that farmers could earn N2.5 billion annually. Active players in this sector are mainly local farmers. But in recent time we have seen small business owners and even big firms venturing into it
Investment in the farming and or processing, preserving and marketing of plantain is a very lucrative business. Plantain can be processed into cassava flour or cassava chips. In Yoruba, it’s eaten as elubo.
Plantain is highly sought after because it is a delicacy, a good and readily available source of carbohydrate, protein and pro-vitamin A. it has other medicinal effects on the body.
To process plantain into flour or chips, the following is needed:
Peeler: The peeling machine helps to peel the skin. Where there is no machine, peeling can be done manually.
Slicing/Chipping machine: The pulp is sliced or chopped into smaller pieces
Drying: Here the already sliced plantain is dried with a machine. In some local area where drying machine is not available, they dry it under the sun and this usually takes some days.
Milling: The dried plantain are milled into flour.
Sieving: Sieving is done to obtain the desired fined particle size.
Packaging: The flour is packaged in different sizes using moisture-proof packaging material to prevent moisture.
All the machine used in processing plantain are readily available locally and at an affordable cost and are locally available too.
We have developed a standard plantain farming and processing business plan with 3 years financial analysis for you to use to raise fund or for personal use.
The business plan is developed to help you save money, time and energy and most importantly, raise fund to kickstart or scale your business up. Why waste time and energy to write a business plan that will take a couple of months to complete yet you won’t still get it right? Why not get our already developed standard plantain farming and processing business plan with 3 years financial analysis and make some changes to suit your needs?
When you get our standard plantain business plan with 3 years analysis, what you need to do is to change the name, contact details, company details, founders details and other info to suit your need and present it to anyone (bank, investor, grant competition etc).
The standard plantain farming and processing business plan is in MS words and the financial is in excel. so that you can deliver to your inbox immediately and you can easily change it to suit your needs.
The 3 years financial includes startup cost, fixed monthly expenses, cash flow, income statements, balance sheets, sales projections, breakeven analysis, salaries and wages, ratio among other analysis.
Take a look at the table of content:
1) Table of Contents
2) Executive Summary: The summary includes introduction, products and services description, marketing and sales among others
3) Company Overview: this includes
- Mission Statement
- History and Current Status
- Markets and Products
- Keys to success
4) Product or Service description.
5) Industry and Market Analysis
- Industry analysis
- Market analysis
- Customer analysis
- Competitor analysis
- SWOT Analysis
6) Marketing Strategy
- Target Market Strategy
- Product/Service Strategy
- Pricing Strategy
- Distribution Strategy
- Advertising and Promotion Strategy
- Sales Strategy
- Marketing and saleS Forecasts
- Operations Strategy
- The scope of Operations
- Operating Expenses
- Development Strategy
- Development Timeline
- Development Expenses
- Company Organization
- Management Team
- Administrative Expenses
10) Summary of Financials
- Financial Assumptions
- Financial Forecasts
- Projected Cash Flow
- Income Statements
iii. Balance sheet
- Profit and loss
- Profit Margin, chart etc
- Financial Risks
Support for Product/Service Description (e.g., diagrams, pictures, etc.)
- Income Statement [3 years]
- Balance Sheets [3 years]
- Cash Flow Statements [3 years]
- Ratio Analysis [3 years]
- Other supporting financial statements