Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 39 views

    Fish Farm Startup Proposal

    Uploaded by

    collins hassan
    The document is a proposal for establishing a fish farm on already owned land. It requests an investment of 256,000 to set up 4 ponds, purchase fingerlings, a water pump, and fish feed. It projects annual revenue of 600,000 and profitability in the first year. It proposes repaying the investment over 2 years at 5% interest. The farm will be managed sustainably to benefit the local economy and environment.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Fish Farm Startup Proposal

    Uploaded by

    collins hassan
    39 views4 pages
    The document is a proposal for establishing a fish farm on already owned land. It requests an investment of 256,000 to set up 4 ponds, purchase fingerlings, a water pump, and fish feed. It projects annual revenue of 600,000 and profitability in the first year. It proposes repaying the investment over 2 years at 5% interest. The farm will be managed sustainably to benefit the local economy and environment.

    Original Title

    FISH FARM STARTUP PROPOSAL

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document is a proposal for establishing a fish farm on already owned land. It requests an investment of 256,000 to set up 4 ponds, purchase fingerlings, a water pump, and fish feed. It projects annual revenue of 600,000 and profitability in the first year. It proposes repaying the investment over 2 years at 5% interest. The farm will be managed sustainably to benefit the local economy and environment.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    39 views4 pages

    Fish Farm Startup Proposal

    Uploaded by

    collins hassan
    The document is a proposal for establishing a fish farm on already owned land. It requests an investment of 256,000 to set up 4 ponds, purchase fingerlings, a water pump, and fish feed. It projects annual revenue of 600,000 and profitability in the first year. It proposes repaying the investment over 2 years at 5% interest. The farm will be managed sustainably to benefit the local economy and environment.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    FISH FARM STARTUP PROPOSAL

    Dear Sir/ma’am

    I hope this letter finds you well. I am writing to present a comprehensive proposal for
    the establishment of a fish farm on my already owned land with room for expansion. The
    proposed fish farm aims to utilize Four ponds, each capable of housing a substantial number of
    fishes, and I am seeking the support to kick start this venture.

    Business Overview
    The primary objective of our fish farm will be to produce high quality fish for both
    local and regional markets. We envision utilizing modern aquaculture practices and
    technologies to ensure efficient and sustainable fish production. Additionally, the farm will also
    contribute to employment opportunities within the community and support the local economy
    over the years to come.

    Investment Requirements
    To initiate and operate the fish farm successfully, we require the following
    investment:

    1. Pond setup ;
     4 fish ponds at ₦15,000 each = ₦60,000
    2. Fingerlings Purchase:
     500 fingerlings at ₦40 each = ₦20,000
    3. Water pump = ₦35,000
    4. Fish feed :
     2 bags of 1.5 mm at ₦11,500 each = ₦23,000
     4 bags of 3 mm at ₦11,500 each =₦46,000
     6 bags of 5 mm at ₦12,000 each =₦72,000

    Total Investment Needed = ₦256,000


    Existing Resources
    Thankfully, we already possess a well-spaced land suitable for fish farming, which
    means there is no additional cost for land acquisition. Moreover, we also have some minor
    equipments like;

     Fishing nets
     Fishing baskets
     2 large plastic bowls for containment
     2 small plastic bowls.

    That can be utilized in the initial stages, reducing the initial investment burden.

    Profit Projections
    Based on market research and the projected growth of the fish farm, we anticipate
    achieving profitability within the first year of production. The estimated revenue for the first
    year is projected to be approximately ₦600,000.

    However, this projection is conservative and accounts for market fluctuations and any potential
    challenges that may arise.

    Repayment Plan
    To ensure a mutually beneficial partnership, we propose the following repayment
    plan:

     Quarterly payments over a period of 2 years, starting 7 months after the initial
    investment.
     A fixed interest rate of 5% on the principal amount.

    Management and Operations


    The fish farm will be managed by a skilled professional with experience from fishing
    industry with a good record but slacked by lack of financial strength. We will strictly adhere to
    industry best practices, maintain proper record-keeping, and prioritize environmental
    sustainability.

    Environmental Impact
    We are committed to conducting our fish farming operations with utmost
    environmental responsibility. Measures will be taken to prevent any negative impact on the
    surrounding ecosystem, and regular water quality will be carried as we already have a very
    stable water source (water well) to ensure the well being of the fish.

    Conclusion
    Establishing a fish farm presents an existing opportunity and we are confident in its
    potential for success. With your support, we can create a sustainable and profitable enterprise
    while contributing positively to the local community.

    I would be honoured to discuss this proposal further at your earliest convenience. Please feel
    free to contact me at;

    Phone number- +234 90 5032 9358

    E-mail- collinsibrahim34@gmail.com

    to arrange a meeting or discuss any additional information you may require.

    Thank you for considering our proposal. We look forward to the possibility f partnering
    with you in this promising venture.

    Sincerely ,

    HASSAN COLLINS IBRAHIM

    You might also like