3/17/22, 9:31 PM Fish Farming business Plan (Sample) – Nigeria Resource Hub

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Fish Farming business Plan (Sample)

by EMMA ONWUKA / February 9, 2020

Do you need a Fish farming business plan to start a new fish farm? Are you a zealous entrepreneur
who want to venture into fish farming?  Fish farming business plan is a must have to get started

Fish farming business is one of the lucrative business in  Nigeria as a result of the growing increase
in number of Hotels, restaurants, joints, eateries, Government functionaries, shopping centres
(Shoprite, SPAR etc.). The demand of fish product is very high especially in festive period and other
times of the year.

So, if you’re thinking of starting a fish farming business, here is a sample of Fish farming business
plan for you. This fish farming business plan will serve as a blueprint for your fish farming business.
 Applying all ideas found on this fish farming business plan gives you an edge over your
competitors. The content of the sample of the fish farming business plan is as follows;

EXECUTIVE SUMMARY

The Fish farm will be privately owned fishery business to be located at ……, Nigeria.

1.0.1 The enterprises vision is to be the most outstanding Fish farm in Nigeria.

1.0.2 The financial projections show that the project would be financially stable and liquidify by the
time it matures. The startup cost of the fish farming is one million, eight hundred and nineteen
thousand, eight naira only (N1,819,800.00) includes expense for the construction or excavation of
fish pond, sinking of well, acquisition of land equipment and five thousand (5,000) fingerlings. The
start-up costs will be financed through savings, loan and purchase and sales shares. We expect to
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achieve  ultimate sales goals in the first financial year when we shall be viable enough to have
settled our financial commitment (loan) and we expect a high degree of profitability from this
venture due to high margin inventory turnover inherent in the industry.   The sales figures stand at
N10,000,000 for year 1, year 2, and year 3 respectively. Also, the profits after tax are: (N7,000,000)

The cash flow position is equally good and encouraging by the second year through the third year.

1.0.3 The competitive edge of the enterprise lies in its ability to provide the best products in FISH
farming.

1.0.4 Research has shown that fresh fish has the highest protein nutrient; this has caused increase in
demand of fresh in the last one year. Meanwhile, the target market include Retailers, hotels,
Restaurants, caterer and Government functionaries.

1.2 MISSION STATEMENT

To ensure the available of catfish for consumption at all seasons

1.3 SUCCESS KEYS OF THE BUSINESS

Production of quality fresh fish through modern production practices.

Quick and reliable delivery services

Development of a strong reputation within the fish rearing community

Ensuring accessibility to location

Availability of catfish (table size) all seasons

1.4 VALUE PROPOSITION OF THE BUSINESS

Integrity

excellence

trust in God

helpfulness

fairness

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3/17/22, 9:31 PM Fish Farming business Plan (Sample) – Nigeria Resource Hub

2. BUSINESS DEFINITION

The fish farm is undertaken to meet the protein requirement of the individual, households,
immediate community and the entire community. The production and distribution of high-quality
fishes such as tilapia, mackerel, seumbia, catfishes, etc. and other fish products. We also intend to
explore the factors at work in determining the uses of fish as an important source of protein and the
obstacles to obtaining maximum utilization of this protein source.

2.1  KEY BUSINESS STRATEGY

Customer satisfaction has been prioritized by the business to deliver the best quality service to its
customers in a way that the potential customers will be motivated. The packaging shall include a
customized transparent container for easy viewing and selection of fresh fish. Even, door to door
services shall be rendered and high producer-customer relationship shall be maintained.

2.2 BUSINESS LOCATION AND FACILITIES

The farm will be located at ……, Nigeria. The facilities being present in this location are proximate to
market.

The business near to the source of raw materials

Both high skilled and direct labour are available at location too.

3. 0  LEGAL REQUIREMENT

4. 0 LABOUR REQUIREMENT

5.0 SOURCE OF FUND

6.0 FINANCIAL PLAN

7.0 LOAN REPAYMENT

8.0 RISK ANALYSIS

8.1 A SWOT analysis carried out on the project reveals the following:

1. …….

2
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3/17/22, 9:31 PM Fish Farming business Plan (Sample) – Nigeria Resource Hub
2. …….

i. Strengths

ii. Weaknesses

iii. Opportunities

iv. Threats

8.2 EXIT STRATEGY

9.0 DISTRIBUTION OUTLET

10.0 CASH FLOW ANALYSIS

10.1 LONG RUN FINANCIAL STRATEGY

10.2 OPERATING EXPENSES FORECAST

11.0 MARKETING AND PROMOTION

12.0  OTHER CONSIDERATIONS AND CONCLUSION

12.1 ECONOMIC JUSTIFICATION

12.2 COMMERCIAL VIABILITY

CONCLUSION

Do you need this ∗FISH FARMING BUSINESS PLAN∗ to enable you start a new  Fish Farming
Business?

If yes, I advise you GRAB A COPY of our award winning Fish Business plan, now!.

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3/17/22, 9:31 PM Fish Farming business Plan (Sample) – Nigeria Resource Hub

Source : naijaonlinebiz.com

Time and tide won’t wait, you know; I don’t think you will like to miss this opportunity.

It is one of our best so far after the release of our Mobile Phone Accessories & Repair Parts business
plan. This Fish farming business plan is well detailed, research and carefully written. A case study in
Lagos State, Nigeria but can be adapted in all states in Nigeria.

Reasons why you need Fish farming business plan

If you are planning to start up a Fish farming, having a good business plan will serve as a road map
for your business and help you stay ahead of your competitors.

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3/17/22, 9:31 PM Fish Farming business Plan (Sample) – Nigeria Resource Hub

If you are seeking for substantial financial assistance to start up a business on fish farming,
presenting an attractive fish farming business plan will give you an edge.

To establish fish farming business that will withstand the test of time, you need a business plan. So,
you can see that having a good business plan on fish farming is practically inevitable for your
business success.

See Also: Starting a small fish pond; how much is required?

GRAB YOUR OWN COPY NOW!

This Fish farming business plan will give you ideas to get started with. It will guild you on how to
rear catfish from fingerling or juvenile to jumbo (maturity stage) and get them sold at table of 1kg.
You will be able to rear fresh fish for consumption and also supply to cooperate bodies.

Fish Farming Business

There is increase awareness of the nutritional values of eating fish. Research on Seafood
Consumption and Components for Health has shown that fish has high protein content and this has
caused increase in demand of fish against animal product (meat) in the last decade. The statistics
keep rising every each new day. This, of course has created many business opportunities. One of
such business opportunities is Catfish farming business, Tilapia fish farming business, other water
and sea fish farming.

Grab a copy now!

I actually wrote this business plan for those who are planning to start up a profitable fish farming
business but even those who are already into the business will still find it useful because of the
explicit of the write-up.

Grab your own copy now!

If your interest is to start Fish Farming, now is right time to start. there is no any other time rather
than now.Of course, you should know that the business is becoming saturated. So, take action now,
don’t wait until it is too late.

If you need this business plan on Fish Farming business, simply send us an email at
immax2005@gmail.com. You’ll get a copy from us.
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