Do you want to start a profitable soap making business in Nigeria? If YES, here is a complete Feasibility study soap making business plan which can be used soap making start up guide, proposal for soap making Plan in Nigeria ,Business Grant Applications, Applying for Bank Loans, soap making business Proposal writing, Business Concept Note, and seminar presentation
To some people soap making/soap production is simply just a hubby but for an entrepreneur soap making business is a very lucrative business which can be done by anybody.
Soap are used everywhere, homes, offices, restaurants, hospitals, etc, and that is one of the reason the demand for it is always on the high side.
For a start you do not necessary need an office you can start from your home, small scale and then grow your business to the level of your dream so it doesn’t really matter how you start all you need is a good and working business plan and feasibility study, the necessary skill and determination to take your business to the level you want it to be.
Soap is a universal product and are used for washing and bathing. Soap making involves liquid soaps, detergent, bar soaps. The equipment needed for soap making are fragrances, the soap making machine, rubber, heat resistance plastic, plastic spoon, measuring spoons, stainless steel, steel pitcher, rubber spatulas, protective goggles, small beakers, a soap mold, protective rubber hand gloves, soap pot, plastic ladle etc.
In this business, if you want to start small that means you start by taking your locality, those around you and what you need to this successfully is packaging, good networking and marketing skills. No one will buy from you if your soap do not smell nice and wash very well, also if it is well packaged it tell your customer that the soap is made with quality.
Soap Making Feasibility Study
The first thing you need to be successful in this business is a good business plan and a feasibility report. A business plan serves as a roadmap for businesses, whether you are about to start or have started you need a business plan so you can easily move your business to the next level.
Registration of your business – For your business to be legal you have to register it with the Corporate Affairs Commission. Its not expensive and Corporate Affairs Commission are in every state in the country, so just locate the nearest one to you and register your business. Once that is done, you are good to go..
Capital – Your capital depends on the scale you want, if its a small scale 50,000 naira can begin your small scale soap making business. On a large scale soap making business is in millions.
Equipment – For branding you will need a metallic stamp for naming your soap. You need a Safety Hand Glove, paper towel, stick blender, stainless steel or plastic spoons, measuring cup, dye, oils, scents, plastic spoons, organic ingredients, Colors etc.
Soap production business is one the many lucrative small-scale business you can easily get start in Nigeria with a limited budget/capital and make some profit on a daily basis. With a budget of N20,000, you can start ta profitable soap production business on a small scale and grow the business with time
If you want to go into the soap making business full time, Business Plan Nigeria has provided you in-depth soap making business plan which will show you the profitability of soap making business in Nigeria. We also gone further by showing you the full financial analyzing and drafting a sample soap making plan backed up by actionable steps min marking for soap making business. laying out all the requirements for starting a soap making business in Nigeria.
Our products and services offering are listed below;
- Toilet Soap / Bathing Soap (Bar Soap) with different fragrance
- Baby Soap (Bar and liquid) with different fragrance
- Body Wash (Liquid Soap) with different fragrance
- Hand Wash (Liquid Soap) with different fragrance
- Dish Washer ( Liquid Soap)
- Clothe Washing Soap
- Car Wash (Liquid Soap)
To Get the Complete Soap Making Business Plan & Feasibility Report (Including the Financial Projections and All). Pay N10,000 to
GTBank (Guaranty Trust Bank)
Account Name – Uwadia Eyemeka
Account No – 0127561472
After payment text your name, your e-mail address and bank teller number to 07036785443 and you’ll receive it in your email.
TABLE OF CONTENTS
Financial Plan for the Soap production – – – – – – – 11
Project Cost – – – – – – – 11
Function Plan – – – – – – – 11
Funding Requirements – – – – – – 12
Soap Production Industries (Nigeria) Projected Income Statement – – 12
Soap Making Nigeria LTD (Nigeria) Projected Cash Flows Statements – 12
Soap Manufacturing Business Ventures (Nigeria) Project Balance Sheet – – – 13
Soap Making Ventures (Nigeria) Profitability Analysis – – – 14
Soap Manufacturing Ventures (Nigeria) Break Even Analysis – – 14
7.0 Risk Analysis, Contingency Plan and Exit Strategy – – – 16
7.1 Risk Analysis and Mitigants – – – – – – 16
Contingency Plan – – – – – – – 16
Exit Strategy – – – – – – – 17
8.0 Other Considerations: Conclusion/Recommendation – – 18
8.1 Economic Justification – – – – – – 18
8.2 Commercial Viability – – – – – – 18
Conclusion/Recommendation – – – – – 18
Appendices – – – – – – – – – 19
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
What Does It Take to Start a Soap Making Business Successfully?
Starting a soap making business as part-time or full-time business takes time and planing. It also takes capital investment. So it may not be advisable to quit your day job unless you are planing on going into soap production on a large scale. Roll up your sleeves and be prepared to work on this new venture when you are not at your full-time job
They include: Distributors and dealers on toilet soaps, hotels, schools with hostels, families and guest houses etc. Soap production ventures, as cosmetic oriented people in the business will place our customers’ beauty and needs over our personal needs.
KEY COMPETITORS AND PLAYERS
Notwithstanding the appreciable soap industries in the south eastern and south southern Nigeria, most of them do not meet the required standard of toilet soaps and cannot match with the increase demand of the products.
Our sample Soap Making Business Plan in Nigeria can be used to access bank loans, proposal writing and grant applications. The business plan was complied after a thorough feasibility study on Soap Making Business in Nigeria was done.
Hurry now, don’t miss this opportunity. To place an order for Soap Making Business Plan in Nigeria & Feasibility Study, pay N10,000 to
GTBANK (Guaranty Trust Bank)
Account Name – UWADIA EYEMEKA
Account No – 0127561472
After you have made payment for your send your email and payment details to 07036785443. Once your payment has been verified the materials will be sent to your email.
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