Looking for a soap production business plan for your new or existing enterprise?
Download this soap-making business plan, which you can download to present to NIRSAL, BOI, BOA, and other investors.
Why start a soap-making business? Is it lucrative? Is it profitable? Well, yes, as long as humans stay humans, the soap industry will continue to make a profit, human beings need everything clean and squeaky, even our bodies! Soaps are very necessary, they are found almost everywhere humans inhabit or exist, from homes to offices, to canteens, hotels, just name anywhere and I will show you a bar of soap or a jar. Soaps are very important to man, they play an important role in our everyday lives, the sales can hardly be affected by adverse changes in the economy.
The industry is a thriving one, soap companies generate tons of money annually and are directly responsible for employment in most countries, not leaving Nigeria out. It really depends on your capital and the scale of your business to determine how large your profit will be. Although a lot of soap making industries are out there this doesn’t mean you can’t join in, it just means you have to work harder to get your own fair share of the available market, which shouldn’t be much of a big deal, I mean you want to make profits right? The soap company is a very profitable industry and does not leave any entrepreneur out, it is open for everyone to come and establish.
This article will give an overview of Nigeria’s soap industry and how a standard-scale soap production company operates, not the homemade scale.
DOWNLOAD SOAP MANUFACTURER BUSINESS PLAN IN NIGERIA
Soap Production: Business Plan
Bubbles Soaps is a licensed soap production company located in Agbara, Ogun State. This location was sought out as it is an industrial area, home to many other industries, and does not interfere with residents and normal human activities. This area has approval for all industrial activities from the government and has good roads which will aid the distribution and transportation of raw materials and other items.
Bubbles Soaps will task itself with the production of soaps used in washing, our varieties will include bar soaps, detergents, and liquid soaps and these will be produced in commercial quantities.
We are in the industry to make profits, definitely, but not without providing value and giving our customers value for their money’s worth.
Our Products and Services
Bubbles Soaps is going to run a standard industrial-scale licensed soap production that will produce soaps that will be put up for sale, not only in the region but in the whole country. We will do everything to make sure we make profits and provide our customers value, doing everything according to the jurisdiction of the federation and all concerned legal and regulatory bodies. Our products are listed below;
- Bar Soaps
- Hand Wash
- Dishwashing Liquid Soap
As a company, we have set aside a few objectives that will give the combined result of allowing us to reach our long-term goals, as in the case of using tactics to see through completing strategies. The objectives set are geared towards helping us achieve the long-term goal of becoming a household name in the country that will be comfortable in the list of 10 leading soap producers in the country. This will be our aim while we provide quality products, ensuring our customer gets their money’s worth and at the same time providing economic value to our customers and partners thereby satisfying them and also maintaining honesty in our pricing.
Material and Equipment
To see to the effective production of our products, machines are needed and these are what take up a reasonable chunk of the capital, equipment and materials like;
- Soap making machine
- Heat resistant pitcher with lid
- Soap Mold
- Protective Gear
- Lye solutions
- Colorants and Fragrance
We have plans to employ competent hands and get all hands on deck on our mission to yield profits and be a household name in the soap industry. The following positions will be available at Bubbles Soaps;
- Chief Executive Officer
- Plant Manager
- Human Resources Manager
- Sales and Marketing Manager
After employing the services of a business consultant, we came up with a SWOT analysis for our business. Together we were able to examine the potential of the business idea after looking through our business concept together; also we were able to assess ourselves to ensure we were fledged to run a standard soap production company that will not be shut out by competitors.
Below is an assessment we deduced;
Our strength lies in our team’s excellence, the experience and hard work put into the process, and the understanding they have that makes businesses huge. Also, our strength lies in the proposed distribution network, impeccable customer feedback. Also, the relationship that we seek to establish with our distributors will help us cement our stand in the industry.
The fact that we are a soap business and will be directing a huge chunk of our capital into production and not marketing is a weakness.
Opportunities are unlimited to the business itself and this is also bolstered since soaps are always needed and their importance cannot be undermined, although there are competitors in the industry but as we said we harness our strengths to help us garner the trust of consumers.
Threats are unlikely as soaps are very essential, but in the case of an economic downturn, we might be affected, although purchasing power might decline this will not amount to a total shut down in the usage of soaps.
Also one of the threats is our competitors which we will not be much of a threat once we have rallied the consumers to our side.
Another set of threats will be unfavorable government and regulatory body policies.
Our Target Market
After conducting market research we have listed a few ideas on who on what our target market would be.
- Laundry Owners
How To Download the Soap Production Business Plan Template PDF and Doc (With financial analysis)
Pay the sum of N5000 (Five thousand naira only) to the account detail below:
Name: Oyewole Abidemi (I am putting my name and not our company account so you know I am real and you can trust me, and trace me)
P.S: We can also tailor the business plan to your name, business size, capital requirements, and more to fit your direct needs. Call or message +234 701 754 2853 for enquiries
Thereafter, send us your email address through text message to +234 701 754 2853. The text must contain the title of the business plan you want and also your email address. Immediately after the confirmation of your payment, we will send the soap making Business Plan to your email address where you can easily download it.