Photo - Construction of Oil Palm Mill
22599

Construction of Oil Palm Mill

Nigeria
Market: Food industry
Stage of the project: Idea or something is already done

Date of last change: 23.10.2017
Min investment
$  250.000
0
Total required
$ 1.000.000
Rating
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Idea

The project is about Oil Palm Mill in the Agro processing sector

Current Status

Fund Raising

Market

The oil Pam market is an open one in Nigeria and Africa at large.
My customer is simple %98 of every household in Nigeria and %75 of same in West Africa.
The customers needs a better life, a life free of heart dieses and we at Marshal Oil Palm are here to do all that we can to give them a product that will do no harm to their health.
As we say, after consuming our product, your heart will thank You.

Problem or Opportunity

The Nigerian people have been consuming palm red oil since time immemorial, in recent years the Nigerian medical association have called on palm and vegetable oil producers to use the state of the art technology to extract cholesterol from their product thereby reducing the health challenges cholesterol poses to the human body.
An answer to such call is Marshal Oil Palm, this company will use the latest technology to extract cholesterol from palm oil and vegetable oil to better the live of her customers

Solution (product or service)

The product is oil palm known to every family in Nigeria as palm red oil.
My company intend to help her customers reduce heart dieses by make the her product the first cholesterol free palm oil in Nigeria and across west Africa

Competitors

Currently there are no competitor with same product, although there are alternative product in the market but they are from the locals mainly product from small scale mills.

Advantages or differentiators

The advantage here is the fact that Marshal Oil Palm product will be cholesterol free which is the first of its kind in Nigeria and west Africa at large

Finance

The product will be sold at $15 per 25 litre keg.
Within the next five years the company will be valued at about $ 9,000,000.
Our annual sales will be $1,700,000 and that figure will double in the next five years

Business model

We intend to raise fund from investors, invest in the business and through our structured business plan, take the product to the customers and get a good return.

Money will be spent on

Plant/Mill construction, Machineries and start up capital

Offer for investor

The investors will take %90 share as they are the real financier but in the near future I may buy back some shares from the investors.

Risks

Lack of finance.
If we d not get the required amount to start the business we may not be able to use the state of the art technology to give the customer what they want.

Incubation/Acceleration programs accomplishment

The start up program

Won the competition and other awards

None
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video