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A FEASIBILITY STUDY REPORT ON THE SETTING UP OF A 200 CAPACITY SNAIL FARM

  • Type:Business Plan
  • Pages:29
  • Format:Microsoft Word
(Business Plan)
ABSTRACT
A feasibility study report on the setting up of a 200 capacity snail farm enterprise at Koro farm garden, Gure town in Bori, Rivers State, Nigeria was conducted to determine if the business idea was feasible and to assess its impacts on the people. The business was named Evergreen Snail Products and Services Nigeria Limited (ESPS).It made available good quality and a very prolific Achatina achatina species of the African giant land snail that provided a substantial source of protein to complement our usual carbohydrate meals. The ESPS was run on both part and full time basis and with a startup capital of N255, 000. From this startup capital, a working capital of N253,597.7 was used in running the business out of which a capital  assets  of  N70,000  was  invested  in  for  use  in  five  years.  The remaining N1,402.3 were kept in bank and used in maintaining the business and  for  other  miscellaneous  expenses. The  working  capital  and  capital assets gave the initial outlay of N253,597..The first year’s estimated sales and net profit indicated a high success with N520,460 cash inflows. The Evergreen snail business is a sole proprietorship medium scale enterprise aimed at consolidating and expanding the outdated snail farm in the state through increased provision of required products and services. Snail slurries are useful industrially for zymolyse enzyme production. Snails contain less fat and cholesterol therefore; its consumption helps in improving the circulatory system and standard of living of the people. The venture provided employment  to  all  categories  of  people  including  retirees,  house-wives, young school leavers, inventors, traders, local dwellers, applicants, and workers who need extra income to augment their merge salary. It generates foreign revenue without one running from pillar to post. The SWOT analysis showed that the opportunities of the business outweigh the challenges and was concluded that the snail farming business idea is healthy and feasible.
A FEASIBILITY STUDY REPORT ON THE SETTING UP OF A 200 CAPACITY SNAIL FARM

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Details

Type Business Plan
Business Plan ID AGR0215
Price ₦10,000 ($29)
No of Pages 29 Pages
Format Microsoft Word

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    Details

    Type Business Plan
    Business Plan ID AGR0215
    Price ₦10,000 ($29)
    No of Pages 29 Pages
    Format Microsoft Word

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