The toothpick production business involves the manufacturing of different kinds of toothpicks for commercial and personal purposes. Toothpicks are commodities with no particular target consumers as it is used by any and every one. Toothpicks can be made from bamboos, birch wood or plastic granules. It removes leftover food particles from the teeth after meals.
WhatsApp Uba Godwin When one wants to select the best small and medium scale project to invest into, two major important considerations to make apart from location and nearness to market are one; the projected daily turnover and two; acceptability of the products s in the market.
In Nigeria we have all the basic raw materials and technology to produce and package quality toothpicks which investors are yet to harness. Experience has shown that any product that is consumed by many and on regular basis always assures profitable investment. Market survey has shown that toothpick has very high demand and always record very high consumption rate and of course high turnover.
The market for toothpicks exists and also expanding. In a country in Nigeria where there is lack of employment, one can establish the project as family business to accommodate the unemployed in the family.
Let us look at some important issues that place the project as one to invest into. Market for the Products The daily uses of toothpicks in homes, hotels, and various institutions are well known virtually everybody uses toothpicks on daily basis to remove unwanted food leftovers that stick to the teeth.
Toothpicks when well produced and packaged can be sold locally to satisfy the needs of the market or can be exported to earn foreign exchange because of its high export potential. From our market survey, there are very few plants producing toothpicks in the country currently and the number is still and the number inadequate to produce for a growing population of about million people.
Therefore more local producing plants are needed in the country.
The whole of these inputs are sourced locally which is one big advantage this project has assurance of regular supply of the raw materials, steady production and profitability. We have complete set of these machines for sale. The machines will be supplied to a prospective investor s within nine 9 weeks of commissioning.
It will be supplied with warranty. It will be installed, test run recruit and train your manpower as well. A complete set of the machines will go for N5. The writer will give further information on how to raise finance for the proposed project.
This is an export oriented value added project that has a short payback period and therefore should attract ready financing. Investment Analysis The project can be started with the sum of about N The payback period is within two 2 years of operation.
Projected turnover of about N47million will be generated within the 1st year of operation. Details will be given to prospective investors. Implementation To implement this project, a minimum of 12 people are required to ensure a smooth take-off.
Though the project could be located in any part of the country, however the promoters are advised to ensure that the project is cited where bamboo or hard wood can easily be obtained at least cost.
This will help reduce the cost of transporting the raw materials. He should put up the needed building, conduct a comprehensive feasibility studies to act not only as a guide for professional implementation and monitoring of the project but also as a handy requirement to facilitate fund attraction from co-promoters or finance organizations; in-stall the plant and machinery and buy the start-off raw materials.
The importance of good quality products, attractive packaging; proper management structure and of keeping proper and timely records of the projects operations cannot be over emphasized.Get a professional toothpick production business plan in Nigeria and Africa.
The toothpick production business involves the manufacturing of different kinds of toothpicks for commercial and personal purposes. Toothpicks are commodities with no particular target consumers as . If our sample plan isn't exactly what you are looking for, explore our free business plan alphabetnyc.com, create your own custom business plan easily with LivePlan.
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Toothpick Production In Nigeria, The Feasibility Report ₦ 50, One major achievement of the present civilian administration in Nigeria in the past fourteen (14) years is the growth of middle class which has been witnessed in the country. toothpick machine/bamboo toothpick producing line/ wooden toothpick making machinery I have been considering this line of business for a while, ever since I found "made in china" on the toothpick bottle.
My questions, You can set-up any industrial or manufacturing plant of your choice without stress, right from project feasibility study.
To start your toothpick manufacturing company you need to take a few things into consideration. Before starting your enterprise you need to write a good business plan.
The business plan highlights important aspects of setting up the business. The plan should focus on lease agreement, staff, machinery and management structure.