Fish farming business is one of the lucrative business in Nigeria as a result of the growing increase in number of Hotels, restaurants, joints, eateries, Government functionaries, shopping centres (Shoprite, SPAR etc.). The demand of fish product is very high especially in festive period and other times of the year.
So, if you’re thinking of starting a fish farming business, here is a sample of Fish farming business plan for you. This fish farming business plan will serve as blueprint for your fish farming business. Applying all ideas found on this fish farming business plan, will likely give you an edge over your competitors. The content of the fish farming business plan as follows;
The Fish farm will be privately owned fishery business to be located at Ikeja, Lagos Nigeria.
1.0.1 The enterprises vision is to be the most outstanding Fish farm in Nigeria.
1.0.2 The financial projections show that the project would be financially stable and liquid by the time it matures. Our startup cost of the fish farming is one million, eight hundred and nineteen thousand, eight naira only (N1,819,800.00) includes expense for the construction or excavation of fish pond, sinking of well, acquisition of land equipment and five thousand (5,000) fingerlings. The start-up costs will be financed through savings, loan and purchase and sales shares. We expect to achieve our ultimate sales goals in the first financial year when we shall be viable enough to have settled our financial commitment (loan) and we expect a high degree of profitability from this venture due to high margin inventory turnover inherent in the industry. The sales figures stand at N10,000,000 for year 1, year 2, and year 3 respectively. Also, the profits after tax are: (N7,000,000)
The cash flow position is equally good and encouraging by the second year through the third year.
1.0.3 The competitive edge of the enterprise lies in its ability to provide the best products in FISH farming.
1.0.4 Research has shown that fresh fish has the highest nutrient; this has caused increase in demand of fresh in the last one year. Meanwhile, we have the following as target market; Retailers, hotels, Restaurants, caterer and Government functionaries.
1.2 MISSION STATEMENT
To ensure the available of catfish for consumption at all seasons
1.3 SUCCESS KEYS OF THE BUSINESS
- Production of quality fresh fish through modern production practices.
- Quick and reliable delivery services
- Development of a strong reputation within the fish rearing community
- Ensuring accessibility to location
- Availability of catfish (table size) all seasons
1.4 VALUE PROPOSITION OF THE BUSINESS
- trust in God
- BUSINESS DEFINITION
The fish farm is undertaken to meet the protein requirement of the individual, households, immediate community and the entire community. The production and distribution of high-quality fishes such as tilapia, mackerel, seumbia, catfishes, etc. and other fish products. We also intend to explore the factors at work in determining the uses of fish as an important source of protein and the obstacles to obtaining maximum utilization of this protein source.
2.1 KEY BUSINESS STRATEGY
Customer satisfaction has been prioritized by the business to deliver the best quality service to its customers in a way that the potential customers will be motivated. The packaging shall include a customized transparent container for easy viewing and selection of fresh fish. Even, door to door services shall be rendered and high producer-customer relationship shall be maintained.
2.2 BUSINESS LOCATION AND FACILITIES
The farm will be located at Ikeja, Lagos State Nigeria. The facilities being present in this location are proximate to market.
- The business near to the source of raw materials
- Both high skilled and direct labour are available here.
3. 0 LEGAL REQUIREMENT
4. 0 LABOUR REQUIREMENT
5.0 SOURCE OF FUND
6.0 FINANCIAL PLAN
7.0 LOAN REPAYMENT
8.0 RISK ANALYSIS
8.1 A SWOT analysis carried out on the project reveals the following:
8.2 EXIT STRATEGY
9.0 DISTRIBUTION OUTLET
10.0 CASH FLOW ANALYSIS
10.1 LONG RUN FINANCIAL STRATEGY
10.2 OPERATING EXPENSES FORECAST
11.0 MARKETING AND PROMOTION
12.0 OTHER CONSIDERATIONS AND CONCLUSION
12.1 ECONOMIC JUSTIFICATION
12.2 COMMERCIAL VIABILITY
Do you need this ∗FISH FARMING BUSINESS PLAN∗ to enable you start a new Fish Farming Business?
If yes, then I advise you GRAB A COPY of our award winning Business plan on fish farming, now!.
Time and tide won’t wait, you know; I don’t think you will like to miss this opportunity.
It is one of our best so far after the release of our Mobile Phone Accessories & Repair Parts business plan. This Fish farming business plan is well detailed, research and carefully written. A case study in Enugu State Nigeria but can be adapted in all states in Nigeria.
Reasons why you need Fish farming business plan
If you are planning to start up a Fish farming, having a good business plan will serve as a blueprint for your business and help you stay ahead of your competitors.
If you are seeking for substantial financial assistance to start up a business on fish farming, presenting an attractive fish farming business plan will give you an edge.
To establish fish farming business that will withstand the test of time, you need a business plan. So, you can see that having a good business plan on fish farming is practically inevitable for your business success.
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This Fish farming business plan will give you ideas to get started with. It will guild you on how to rear catfish from fingerling or juvenile to jumbo (maturity stage) and get them sold at table of 1kg. You will be able to rear fresh eat fish for consumption and also supply to cooperate bodies.
Fish Farming Business
There is increase awareness of the nutritional values of eating fish. Research has shown that fish has high protein content, vitamins etc. and this has caused increase in demand of fish against animal product (meat) in the last decade. The statistics keep rising every each new day. This, of course has created many business opportunities. One of such business opportunities is Catfish farming business, Tilapia fish farming business, other water and sea fish farming.
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I actually wrote this business plan for those who are planning to start up a profitable fish farming business but even those who are already into the business will still find it useful because of the explicit of the write-up.
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If your interest is to start Fish Farming, now is right time to start. there is no any other time rather than now.Of course, you should know that the business is becoming saturated. So, take action now, don’t wait until it is too late.
If you need this business plan on Fish Farming business, simply send us an email at [email protected]. You’ll get a copy from us.