SAMPLE BREAD AND BAKERY BUSINESS PLAN IN NIGERIA
This SAMPLE BREAD AND BAKERY BUSINESS PLAN IN NIGERIA is useful for apprentices in training, small and medium scale business owners, large scale businesses, accessing Bank Loans, Equity funding and Grants. This business plan can also be used in Proposal Writing, developing Business Concept Notes, understanding industry and market analysis and so on.
FEGEOSTOM produces bread and other backed products such as cake, pastries, pies and in Osogbo, Osun State. Nigeria. We supply to households, offices and retailers. We also offer apprenticeship training and consultancy in the industry.
Mr Akinyemi Femi who started the business is a graduate of Family Nutrition and Consumer Sciences. He has wide experience in the industry having work in one of the most reputable bakeries in Lagos state.
Our goal is to be one of the best three bakery in South West Nigeria. Our equipment are word class and our ovens are specially fabricated to produce a bread so fresh that our market outrun competitors on daily basis.
Our core value is high level neatness throughout the process of production. We already receive approval from the National Food and Drug Control (NAFDAC) Consumer Protection Council (CPC) and other relevant agencies.
We present a meet up with experts in Bakery business in Nigeria facilitated by industry professionals with chains of experience and outstanding achievements. We will take you by the hand through all important steps in this business with up-to-date market knowledge. CLICK HERE FOR MORE
We recruit mostly through the apprenticeship process and invest so much in continuous training of our workers. We are proud to say that we have some of the best bakery professionals in Nigeria.
In Nigeria, the demand for bread and baked product is increasing on a daily basis and this is good news for us who want to extend our market outside Osogbo and other parts of the South West. We have very strong distribution channels that supply fresh backed products on daily basis. We also have a very good online presence on Facebook, twitter and so on
We are known for a unique taste different from other bakery around and this has made our customers always want to come back. As a result of this, our customers are increasing on daily basis.
The financial projection in our feasibility studies shows that we need 25 Million naira for expansion. There is consistent profit margin in the next three production years with positive cashflow.
- Our Product and Services
FEGEOSTOM has diversified products that require the same equipment to produce. We also offer consultancy service and a government approved apprenticeship training programme. Our products include:
- Bread made from flour, fruits and wheat
- Cakes of events and cup size
- Pizza and pies
- Consultancy Services and
- Apprenticeship training
We present a meet up with experts in Bakery business in Nigeria facilitated by industry professionals with chains of experience and outstanding achievements. We will take you by the hand through all important steps in this business with up-to-date market knowledge. CLICK HERE FOR MORE
Our Vision Statement
To be among the best three bakeries in the country in the next 6 years.
- Our Mission Statement
To provides excellent products, first class customer service, and consistent professionalism.
MARKET ANALYSIS FOR SAMPLE BREAD AND BAKERY BUSINESS PLAN IN NIGERIA
In Nigeria, baking related businesses creates more than 50 Billion Naira average income per year. There are about 5,000 bakeries in the South West alone.
In one of the Nigerian most reliable food research report for 2018, bread and other baked product has been on top of fast food and snacks by volume for the past three consecutive years. Profit remain consistently attractive despite rise in the cost of production especially due to the last recession. Bakery also top the list of employers in the food industry as it generates nearly 53% of employment in the food production sector
Top list of bakery products according to market demand include
- Bread (made with flour, wheat and fruit) :45%
- Cakes (events and cup size) :25%
- Different kinds of Pies: 15 %
- Others including pizzas 15%
There is growth forecast of 5% in the market for bread and 2% increase in other baked products in the next five years. This is due to Nigeria economy crawling out of recession, increased minimum wage and innovation in the bakery industry that make products of better quality.
SWOT ANALYSIS FOR SAMPLE BREAD AND BAKERY BUSINESS PLAN IN NIGERIA
| Strength:
· Extensive range of products for different customer segments · First class equipment · Strong distribution channel with free delivery · Management experience
|
Opportunities
· Large market demand for bead and other baked product · Large demand for bakery training and consultancy |
| Weakness
· Inadequate expansion capital · Low production capacity · New in the location
|
Threat
· Stiff competition · Government policy · Lack of credit facilities |
Competitive Advantage
- We Provide fresh and high-quality bread that can stay for longer time without losing freshness and taste
- We have highly professional customer services and maintain customers loyalty
- We provide convenience through online order and eCommerce presence
We present a meet up with experts in Bakery business in Nigeria facilitated by industry professionals with chains of experience and outstanding achievements. We will take you by the hand through all important steps in this business with up-to-date market knowledge. CLICK HERE FOR MORE
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