How to make beans flour – The business plan
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|Name of Sector Profile||Food, Beverage and Tobacco|
|Major Product||beans flour for making moi moi and akara.|
This business plan on how to make beans flour in Nigeria, will give you needed guide on how to start and profit from beans flour production business. The cost of starting a beans flour production business in Nigeria, The cost of the different commercial beans flour production machine and equipment in Nigeria needed for the beans flour manufacturing and the list of beans flour machine manufacturers. The packaging of the beans flour produced for shipment and sales. The feasibility report on how to make beans flour in Nigeria are discussed in this beans flour production business plan template.
Beans flour production market Analysis
Demand and Supply:
Beans is a very popular food crop in Nigeria. It is rich in protein. Although beans is indigenous to the northern part of the country, it is now readily available in most part of the country. It can be converted to bean flour for onward processing to moi moi and akara. Since this product is available in large quantity locally, its market potential is very attractive. Prospective investors are therefore encouraged to venture into the sector.
Raw Material for beans flour production
The major and only raw material for beans flour production is beans seed.
Source of beans seed: Local: (Benue, Plateau, Kogi, and Kwara States of Nigeria).
|Quantity||Annually in commercial quantity.|
Beans flour production Process:
Beans flour production process is quite simple. Beans is first separated from stones and chaff. It is then soaked to remove the seed coat. After this it is separated from the seed coat, dried and milled into powder then bagged for sale.
Beans flour processing machine and Equipment:
Beans cracking machine, blower, drier and milling machine.
Cost and price of beans flour production machine: N1,125,000
Plant Capacity: 350MT/Annum
Spare Parts Requirement
Cost: Not determined
Intending to start beans flour production business in Nigeria? Then you have to consider availability and accessibility to raw materials, Nearness to the target market, Availability of primary infrastructure like good road network and electricity to reduce the cost of your power consumption. Finally you need to study the demographics if they buy into your product idea or not, are your product women targeted or student and youth targeted? study the age, sex and pre-occupation of the residence within your intended location to ensure its best for your product project.
Labour Manpower Requirement for beans flour production process:
Number of people – 16
Skilled – 4
Unskilled – 9
In-plant – Yes
Out-plant – Yes
Both – Yes
Preliminary Financial Analysis
|1||Cost of land and Building (rent)||50,000.00|
|2||Machinery and Equipment||1,125,000.00|
|4||Preliminary and Pre-operational expenses|
|0.75% of preceding cost||N||15,000.00|
|Break-even point (%)||12%|