Business Plan for Rice Oil Manufacturing
₦150,000.00
This business plan provides the information needed to make decisions about starting a Rice oil manufacturing plant. It is designed to attract investors to the business.
What is rice oil?
Rice oil is the oil extracted from the hard outer brown layer of rice called chaff. It is known for its high smoke point of 232C and mild flavor, making it suitable for high-temperature cooking methods such as stir frying and deep frying.
Uses of rice oil
Rice oil is an edible oil which is used in various forms of food preparation. It is also the basis of some vegetable ghee. Rice bran wax, obtained from rice bran oil, is used as a substitute for carnauba wax in cosmetics, confectionery, shoe creams, and polishing compounds.
Customer Analysis
The main users of Rice oil are households, individuals, restaurants, cosmetic companies.
Industry analysis
Rice oil is produced artisanally in Nigeria but produced commercially in Asia and other countries where where it is used as an alternative to other vegetable oils. Top Rice oil international brands include: Fortune rice oil, Dhara rice oil, Emani rice oil, Saffola rice oil, freedom rice oil.
Business Opportunities
This business plan provides the information needed to make decisions about starting a Rice oil manufacturing plant. It is designed to attract investors to the business.
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1.1Â Â Â Â Â Â Â Â Business Overview
1.2Â Â Â Â Â Â Â Â Key Objectives
1.3Â Â Â Â Â Â Â Â Funding requirements
2Â Â Â Â Â Â Business Description2.1Â Â Â Â Â Â Â Â What the Business does
2.2Â Â Â Â Â Â Â Â Why the product or service is needed
3Â Â Â Â Â Â Market Analysis3.1Â Â Â Â Â Â Â Â Who will buy
3.2Â Â Â Â Â Â Â Â Key groups of customers
3.3Â Â Â Â Â Â Â Â Competitors and how the business is different
4Â Â Â Â Â Â Team and Management4.1Â Â Â Â Â Â Â Â Business structure (e.g., sole proprietor, partnership, limited liability)
4.2Â Â Â Â Â Â Â Â Key people and their roles
5Â Â Â Â Â Â Products and Services5.1Â Â Â Â Â Â Â Â What the business offers
5.2Â Â Â Â Â Â Â Â Benefits to customers
6Â Â Â Â Â Â Sales and Marketing6.1Â Â Â Â Â Â Â Â How customers will know about the business
6.2Â Â Â Â Â Â Â Â How much the products or services will cost
6.3Â Â Â Â Â Â Â Â Plans to keep customers coming back
7Â Â Â Â Â Â Operational Plan7.1Â Â Â Â Â Â Â Â Main activities to run the business
7.2Â Â Â Â Â Business Location
7.3Â Â Â Â Â Â Â Â Tools and equipment needed
7.4Â Â Â Â Â Â Â Â Raw materials/Inputs required
7.5Â Â Â Â Â Â Â Â How and where to get raw materials
8Â Â Â Â Â Â Financial Plan8.1Â Â Â Â Â Â Â Â Starting Costs and Money Needed
8.2Â Â Â Â Â Â Â Â Expected Income
8.3Â Â Â Â Â Â Â Â List of Expenses
8.4Â Â Â Â Â Â Â Â Profit and Loss Estimate
8.5Â Â Â Â Â Â Â Â Cash Flow Plan
8.6Â Â Â Â Â Â Â Â When You Will Start Making Profit
9Â Â Â Â Â Â Learning Resources for Implementation9.1Â Â Â Â Â Â Â Â Helpful Online Courses
9.2Â Â Â Â Â Hands on Training for Your Industry
9.3Â Â Â Â Â Â Â Â Useful Books and Guides
9.4Â Â Â Â Â Â Â Â Real-Life Examples to Learn From
10Â Â Â Â Equipment and Suppliers10.1Â Â Â Â Â Â – List of Required Equipment
10.2Â Â Â Â Â Â – Potential Suppliers (Local and International)
11Â Â Â Â Implementation Plan- When and How Things Will Be Done11.1Â Â Â Â Â Â Important Steps and Who Will Do What
11.2Â Â Â Â Â Â Problems to Watch for and How to Fix Them
12Â Â Â Â Appendices12.1Â Â Â Â Â Â Supporting documents
12.2Â Â Â Â Â Â Extra information or research
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- Report Type: Business Plan
- Formats of Delivery: MS WORD and Excel
- No. of Pages: Text – 35 – 40 Pages /Excel – 8 Pages/sheets
- Publisher: Highnet Resources Ltd
- Release Date: 2022; Updated Every 3- Months
- Language: English
- Delivery time: 5 working days after payment is received.
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Rice Bran Oil Production Machine
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