HOW TO START A COLD ROOM BUSINESS
Today, I would be discussing about how to start a cold room business. After meeting up basic business start up requisite, you can decide to design cold room yourself, so the business plan attached can help you on how to build a cold room. However, below are some key steps you need to follow to start a cold room business in Nigeria:
Search for the market that will need of your cold room services.
If you will be servicing market women selling fish or other perishable items in the market it is advisable you build your cold room near the market.
Write a cold room business plan: .
A cold room business plan if well researched and written will give you all the guide you may need to start. From the cold room design stage, Cold room start up cost which includes the design and installation cost, the rental cost of the cold room space, All cold room requirements, Personnel Plan, cold room business competitors analysis around your prospective area, your strength and weakness analysis, Cold room market strategy and cold room market analysis, computation and analysis of your cold room business break even and other financial projection.
The cold room business plan will help you plan and know the next course of action to always take.
Register your cold room business and collect necessary permits: .
Its important you register you cold room business name with the Corporate Affairs Commission. Also proceed to register the business with other regulatory bodies like ministry of environment and collect all requisite permits. This helps your cold room business stay compliant to law and avoid unnecessary litigation.
Find operation space: .
You can decide to buy a plot or rent one near your target market and build your cold room
Launch the cold room business
COLD ROOM BUSINESS PLAN
HOW TO START A COLD ROOM BUSINESS is a comprehensive COLD ROOM business plan that will assist you with all the needed ideas and plans to start COLD ROOM business in Nigeria. This COLD ROOM business plan will help you have quality idea on cold room design, how cold room is constructed, cold room prices in Lagos, cold room prices in Abuja and other major cities in the world, you will know were you can buy cold room panels and cold room manufacturers in Nigeria, cold room manufacturers in uk, cold room manufacturers in hyderabad, etc. The cold room business manual HOW TO START A COLD ROOM BUSINESS will get capital loan from a bank or other investors for your new COLD ROOM business.
WHY YOU NEED THIS COLD ROOM BUSINESS PLAN
A COLD ROOM business anywhere in the world is a viable business and can be done on large scale or small scale.
The HOW TO START A COLD ROOM BUSINESS booklet is fully updated with current research on how to start a COLD ROOM business, get the attention of customers, retain them and make profits.
Also, this COLD ROOM business plan will not only help you start your COLD ROOM but will also give you a free guide and feasibility on how to start a fish processing business using the most modern fish processing and drying kilns, how to start an ice block making business – drink bars, hotels etc. The cold room business plan will run food preservative and cold room services for dealers of poultry products, fruits and other perishable food items.
The business plan also includes modern fish processing and drying kilns
The COLD ROOM business plan will give you a guide to profitability as all necessary financial projection for the business has been made such as COLD ROOM business break even analysis, Cold room business marketing analysis, competitor analysis, SWOT analysis for your COLD ROOM business, sales forecast, etc. The business plan has full analysis on cold room business in nigeria, cold room compressor and cold room design and how to build a cold room. The cold room business plan also has indepth analysis on fish processing equipment, fish smoking process, modern fish processing and drying kilns, fish drying equipment manufacturers
The COLD ROOM business plan is a seven(7) chapter business plan of about 38 pages.
3 Years Automated Financial Model in MS Excel. It has a complete industry research.
Bank/ Investor/ Grant Ready- The business plan is design to enable you use it to access loan and grants.
Exceeds all legal requirements and standard.
Automatic download after purchase online.
TABLE OF CONTENT: HOW TO START A COLD ROOM BUSINESS
1.0 Executive Summary on cold room business
1.1 Objectives of cold room business
1.3 Keys to Success
2.0 Company Summary
2.1 Company Ownership
2.2 Start-up Summary of cold room business
3.0 Products and Services
4.0 Market Analysis Summary on cold room business
4.1 Market Segmentation
Table: Market Analysis
Chart: Market Analysis (Pie)
4.2 Target Market Segment Strategy
4.3 Service Business Analysis
4.3.1 Competition and Buying Patterns
5.0 Strategy and Implementation Summary
5.1 SWOT Analysis
5.2 Competitive Edge
5.3 Marketing Strategy of cold room business
5.4 Sales Strategy
5.4.1 Sales Forecast
Table: Sales Forecast
Chart: Sales Monthly
Chart: Sales by Year
6.0 Management Summary
6.1 Personnel Plan
7.0 Financial Plan
7.1 Start-up Funding
Table: Start-up Funding
7.2 Important Assumptions
7.3 Break-even Analysis
Table: Break-even Analysis
Chart: Break-even Analysis
7.4 Projected Profit and Loss
Table: Profit and Loss
Chart: Profit Monthly
Chart: Profit Yearly
Chart: Gross Margin Monthly
Chart: Gross Margin Yearly
7.5 Projected Cash Flow
Table: Cash Flow
7.6 Projected Balance Sheet
Table: Balance Sheet
7.7 Business Ratios
Table: Sales Forecast
Table: Profit and Loss
Table: Cash Flow
Table: Balance Sheet
OGB FARMS is subsidiary of OGB INT’L CONCEPT LTD. A Limited Liability Company specializing in Integrated Aquaculture Farms and the production of Agro and Allied products.The company was incorporated on the 1st of July 2014: RC 1201190. The company is expanding its business to include fish processing and storage, using the cold room method for storage and fish smoking kilns for processing of fishes.
Harvested fishes require specialized post harvest treatment to preserve its nutritional quality and general acceptability among consumers, appropriate temperature and relative humidity for their processing and storage, which most of the existing fish processing companies in Akwaibom State lacks. The project will adopt modern technological approach that guarantees improved quality of fishes, which would have otherwise perish or deteriorate.
The project is designed in such a way that it will be able to store multiple products, stored in different compartments of the unit, where relative temperatures for respective products will be maintained. The major clientele of this business will be the local trading and marketing units of fishes and other perishable foods in Eket local government area of Akwa ibom State. The location was strategically chosen because at the time the feasiblty studies there were no cold room in the whole of Eket LGA . The project will further aim at processing and storing fishes even during off-seasons. The project will ultimately assist the clientele in maintaining market price equilibrium throughout the year for fishes.
The proposed Cold Storage facility has a maximum storage capacity of 3 tonnes and a capacity – 200 bags of fish. The fish smoking kilns has a maximum capacity to smoke fish of 200kg to 300kg wet weight. OGB FARMS is proposed to be located at Eket Local area of Akwaibom State, Nigeria. The region has access to all public amenities including water electricity and telecommunication facilities.
The fish processing kilns and the cold room needs ₦800,000 to fund start up expenses and another ₦4,950,000 to fund our start-up asset — a total of ₦5,750,000 in funding requirements. The facility is expected to be completed in period of 6 months. 8 skilled and semi skilled workers will be required to run the cold storage and smoking premises, besides creating indirect job opportunities for many others. The annual turnover is to the tune of ……….
The objectives of OGB FARMS:
- To develop superior expertise in commercial processing of fishes and other see products.
- To use cutting edge technology in our business processes and service delivery
- To market aggressively through fish dealers association, channels, promotional product as well as the electronic and print media
- To maintain a professionally run organisation through training of staff to ensure skills service efficiency in fish processing
- To make service quality that will suit the exact requirement of our clientele
The mission of the company is to process and store harvested fishes using cutting edge technology, require to preserve the nutritional quality of fishes, which most of the existing fish processing companies in Eket LGA of Akwaibom State lacks.
1.3 Keys to Success
The Vision of OGB FARMS is to become the leading fish processing and storage company in Akwaibom state, with branch offices situated in all the major markets across the state.
To fulfil its vision, the company will:
- Periodic machine maintenance checks and servicing
- Partner with host community
- Adhere to best practices
- Recruit and retain the right people
- Automate its processes from inception in order to produce faster turnaround times and unique capabilities
- Be goal – oriented
- Empower our people to deliver customer satisfaction through appropriate training.
OGB FARMS will be a fish processing and distributing company located in Eket Local Government Area of Akwa Ibom State, Nigeria. The company will be formed as a partnership/limited liability entity fully owned by Ola Adegun and his wife Bisi Adegun. The Cold Room plant that will be set up will have a maximum storage capacity of 3 tonnes and a capacity – 200 cartons of fish per intake. While the fish smoking kilns will have capacity to smoke fish of 200kg to 300kg wet weight. The company plans to expand within two (2) years of operation subject to the condition of the market to include the establishment of other branches in 5 different markets across the state.
The cold room machine and the fish smoking kilns machine can be imported or locally constructed here in Nigeria. Locally manufactured cold room are very popular because of their cost of acquisition, maintenance and assembly as well as their durability.
OGB FARMS is a privately held company co-owned by Ola Adegun and Bisi Adegun.
Ola Adegun( coo)
Mr Ekpo is a business coach, motivational speaker and a business consultant. An enthusiastic advocate of financial education. Holds a Bachelor’s degree in Physics.
Idoreyin holds B.Sc degree in Fisheries / Aquaculture (fish biodiversity) from university of Uyo, and an M.Sc. in Fish Pathology