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A snail meat processing firm

Amount Required:

$256,783.92

Project Description:

Enyeribe foods is formed as a snail meat processing company in Abeokuta ogun state specializing in snail meat production. Today, many household love consuming snail meat but find it stressful, expensive and not readily available for their families. We will eliminate that stress for our customers by carrying the burden of producing, processing, packaging and making it easily available for our customers at a very affordable price .
Our target market span across four major cities in Nigeria in the first two years of production which include lagos, Ibadan Abuja and portharcourt with a total population over 52 million prosective customers who live above the #720,000 annual income level. Our competitors are doing a good job servicing our customer but we will deliver better offering our customers (5x)five times better than our competitor we will deliver it fresh, frozen, cheap, easily accessible and hygienically packaged, on the shelves of their favourite retail store for 10% cheaper than our current competitor who are the local women who sell raw snails in the market. In the future, we will delivering our services to the heart of Europe, and North America.
Enyeribe foods is built on a five member management team which comprises of the president who has two years pre intensive working experience on industrial food processing and project management, the operations manager has a sound knowledge and technical know-how on food processing while the vice president finance, marketing and operations are yet to filled we intend bringing on board sound and capable minds that will bring our vision to fruition
Enyeribe foods request a venture capital fund of 51,100,000 which offers 33.3% equity at exit for her investor which is well detailed in the business description. Our business model is well structured which shows a projected sales revenue of #450,000,000 in its first year of operation pulling #110,000,000 and #600, 000,000 in her third year in gross profit.
We are at the verge of becoming Africa’s best snail meat processing company. At startup, we will achieve our goals by surpassing our milestones geometrically. We are working smarter to make our customers lives better


About Project Owner

Emmanuel

resides in Nigeria.


Project Submitted: January 6, 2014

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