NewStats: 3,264,845 , 8,184,886 topics. Date: Thursday, 12 June 2025 at 02:49 PM 122o3u

Spices business plan.

1 Packaging machine

Machine production capacity– 600 sachets per hour

(8 hours day + 6hrs night)= 14hrs x 600 sachets.= 8,400 sachets  per day.

Capacity utilization - 50% Daily = 4,200 sachets per day

Monthly= 4,200 x 21 working days = 88,200 sachets.

Price Per Sachet ranges between N70– N120

Average Monthly revenue = N6,174,000 – N10,584,000

Average profit per sachets = N10
Average Monthly Profit = N882,000



PRODUCT LINE:

Nisco Spices, Herbs & Seafoods has released just two of its long list of products into the market with ZERO negative reviews till date namely;

*Nisco Pepper Soup Spices 

*Nisco Banga Soup Spices

With at least 5 more products that has zero and almost zero competition in the market today.


PACKAGING:
Products are packaged in 5 - 10grams mini sachets
And
75 - 100grams plastic containers and/or pouch bags.

However, the analysis above is only for our mini sachets production.
A significant addition to our estimated profit is also expected from our can packaging which we also have the equipments for its production.

Company Overview

Nisco Spices, Herbs & Seafoods is an emerging small business in the spices & herbs & Seafoods industry located in Benin City and established to fill the current demand gap for high quality organic spices that exists today.

Our goal is to enrich every dish with that authentic West African flavor and ingredients to elevate your dish, while also providing the body with some incredible health benefits.

Our products ranges from whole spice, ground spices that doesn't compromise on taste and quality, spice blends, Herbs and Seafoods all organically produced.


Our products are carefully sourced both from our farms and credible suppliers, while are also vigorously pursuing growing a minimum of 60% of all our spice in the near future to guarantee topmost quality.

Competitive Advantages:

Nisco Spices, Herbs & Seafoods stands out as a promising venture for several key reasons below;

* Growing our products guarantees not just affordable prices, but topmost product quality in of freshness, taste and product safety.

* Introducing exciting new products with zero or almost zero competition is a likely game changer.

* We offer a wide range of products that caters not just for everyday cooking needs but also to gourmet and specialty dishes, setting us apart from the competition. This versatility and depth in our product line ensure we meet the diverse culinary and medicinal needs of our society and health respectively.

Since September 2023, when we started a very small scale production manually from home, we’ve hit several key milestones that mark the beginning of our journey.


*We’ve ed a company name with the Corporate Affairs Commission.

*completed our logo/trademark registration with the Federal Ministry of  Trade and Investment.

* printed over 150,000 food grade mini sachets for production of our most popular product and has commenced market testing. Nisco Pepper Soup Spices. 

*formally applied for NAFDAC certification (not yet completed) 

* acquired a fully automated 600 sachets per hour packaging machine with the four functions of weighing, filling, forming and sealing.

* acquired a mini van for product distribution. 

*Additionally, we’ve secured a prime location - a very spacious 3 bedroom apartment, laying the groundwork for our operations.

* Only recently, we received a major boost to our business as we received a 5 acre land along with workers and all necessary farm inputs and seedlings from the Roli Mabo Foundation to help us start growing our own raw materials. 

 These accomplishments to date lay a strong foundation for our future growth and success, and also signal our brand’s commitment to quality and standardization.

Target Customers:

Our target customers shall include but not limited to;

*International market.

Locally produced spices are a foreign exchange earner as they are in great demand by Indians, Chinese, Japanese, Spanish, Germans and Greek, even in United Kingdom and America

*Individuals and families.

* The Hospitality industry.

*Restaurants and bars

*Catering/food service businesses

* Grocery stores

* Major and Small food markets

* Pharmaceutical companies.


Industry Analysis:

Recent reports from statista.com shows Revenue in the Salt & Other Spices market in Nigeria amounts to US$1.78bn in 2024. Predicting The market is to grow annually by 11.58% (CAGR 2025-2030).

The increasing popularity of ethnic cuisines, the rising demand for organic and natural food products, and the growing awareness of the health benefits of using spices in cooking are some of the factors driving this growth. As consumers become more adventurous in their culinary pursuits, the market for spices continues to expand.

Another factor driving this growth is the shift towards and high-quality products. Consumers are willing to pay a for spices that are sourced sustainably, are free from additives and preservatives, and offer unique flavor profiles. This is exactly what Nisco Spices & Herbs is bringing to the table.  

The increasing demand for convenience and ready-to-use spice blends has also contributed immensely to driving growth in the Spices & Herbs industry. Busy consumers are looking for quick and easy ways to add original flavor to their meals, leading to a surge in sales of pre-mixed spice blends. 

Nisco Spices & Herbs intends to capitalize on this trend by offering a range of convenient spice blends that cater to the needs of busy households in Nigeria and beyond.


Marketing Plan. 

We will implement a comprehensive marketing strategy that leverages a variety of methods. Our primary focus will be online marketing, which includes a robust digital presence through social media platforms like Facebook, Instagram, and Twitter. We will employ targeted advertising campaigns to reach potential customers based on their interests and demographics.

Email marketing will also play a crucial role in our strategy. We will build an email list through our website and in-store s, allowing us to send newsletters and promotional offers directly to our customers. This method will help in maintaining a direct line of communication and fostering customer loyalty.

In addition to online marketing, we will make extensive use of comission based sales reps across major food markets, participate in local events and fairs, offer samples and showcase our products.
Partnering with local businesses for cross-promotions will also help in expanding our reach.

We will also utilize influencer marketing by partnering with food bloggers and social media influencers who can share their experiences with our products. This will help in building credibility and attracting a wider audience.

Moreover, our website will feature a blog with recipes, cooking tips, and articles related to spices and their benefits. This content will be optimized for search engines to attract organic traffic and establish our authority in the market.Finally, we will run special promotions and discounts during holidays and festive seasons to encourage first-time purchases and repeat business. By combining these various promotional methods, we expect to create a strong brand presence and attract a loyal customer base.

Operations Plan:

Our Operations Plan details:

• The key day-to-day processes that our business performs to serve our customers

• The key business milestones that our company expects to accomplish as we grow

 

Key Operational Processes

These are several key day-to-day operational processes that we will perform to ensure the success of the business:

• Inventory Management: Maintain an accurate and up-to-date inventory of all spices and related products. Implement first-in, first-out (FIFO) methods to ensure product freshness.

• Supplier Relations: Cultivate strong relationships with suppliers to ensure the continuous availability of high-quality spices. Handle orders and deliveries efficiently.

• Quality Control: Conduct regular quality checks on incoming and outgoing products to ensure they meet global safety standards.

• Customer Service: Provide exceptional customer service by addressing inquiries, processing orders, and handling complaints efficiently and courteously.

• Sales and Marketing: Implement sales and marketing strategies, including social media campaigns, promotions, field-sales-men and events to attract and retain customers.

• Staff Training: Regularly train staff on product safety, knowledge, customer service techniques, and operational procedures to ensure consistency and quality in service.

• Financial Management: Monitor daily financial transactions, manage budgets, and prepare financial reports. Ensure timely payment of bills and invoicing of customers.

• Health and Safety Compliance: Adhere to local health and safety regulations, ensuring a clean and safe environment for both employees and customers. Conduct regular health & safety trainings for staffs.

• Technology Utilization: Use modern technology for inventory management, point of sale, and customer relationship management (CRM) to streamline operations.

• Market Research: Conduct ongoing market research to stay informed about industry trends, customer preferences, and competitive landscape.

• Logistics and Delivery: Manage logistics for timely and accurate delivery of products to customers, including coordinating with delivery services and handling any issues that arise.


Milestones projection:

We expect to complete the following milestones in the coming months in order to ensure its success:

• Secure additional Funding: Obtain necessary funds through grant, loan or investors to cover costs of lacking items, including inventory, marketing, and operational expenses.

• Obtain Permits and Licenses: Acquire all required legal permits and licenses (NAFDAC),to operate a spice business in Nigeria and beyond, ensuring compliance with both local and international regulations.

• Establish Supplier Relationships: Form partnerships with reliable spice suppliers to ensure consistent and quality inventory, and negotiate favorable .

• Develop and Test Product Line: Finalize the spice blends and packaging, and conduct small-scale testing to gather initial customer and make necessary adjustments.

• Launch Our Spice: Officially introduce Nisco Spices & Herbs products to the market with a well-planned launch event and initial marketing campaign.

• Build Online Presence: Develop a -friendly e-commerce website and establish social media profiles to increase brand visibility and facilitate online sales.

• Secure Retail Partnerships: Partner with local grocery stores, specialty food shops, and restaurants to carry and promote Nisco Spices & Herbs products.

• Achieve N50,000,000/Month (fifty million naira) in Revenue: Implement targeted marketing strategies and expand distribution channels to reach and maintain a minimum monthly revenue of N50,000,000 within 24 months. With Net profit before tax projected at N5,000,000 - N10,000,000 (five to ten Million naira monthly) and N60,000,000 - N120,000,000 per year from a monthly revenue of N50,000,000.


• Gather Customer : Continuously collect and analyze customer to improve products and customer service.

• Expand Product Line: Based on market demand and , develop and introduce new spice blends and related products to diversify the product offering and increase revenue streams.

 
Our Request:
We are requesting investment funding of Ten Million naira for a 10% equity in our company to enable us achieve the following;

1. Raw materials – N4M to guarantee a fairly stable raw material base for continuous daily production for a month. This is our biggest challenge at the moment.

2. Standardized Sachet printing for our Banga Soup Spices, (150,000 sachets minimum)– N1.8M

3.Purchase of a few lacking equipments like industrial spices blender, automatic coding machine, etc  N1.1M

4. Completion of NAFDAC Registration of 5 products – N300k. The importance of this and its direct effect on sales cannot be overemphasised. Sales projection cannot be achieved without completion of NAFDAC Registration.

5. Office computers and and furniture – N500k

6. Marketing – Website, social media campaigns, open market campaigns, etc – N2M

7. Backup packaging machine –  N2M (Optional).

8. Others – N300k

GRAND TOTAL = N4M + N1.8M + N1.1M + N300k + N500,000 + N2M + N2M + N300k = N12M.


details:
Mr. A. Jonah
+2349057777066
+2347083589957
[email protected]

Which state is the enterprise located?

favor914:
Which state is the enterprise located?

Benin City, Edo State.
Please use our WhatsApp line for faster communication.
09057777066

niscojohn:


Benin City, Edo State.
Please use our WhatsApp line for faster communication.
09057777066

this will be a banger in Kano State

Danielomisco:
this will be a banger in Kano State

Thanks!
We are very open for distributor partners nationwide.