Business Plan For Chin Chin Production

In this report we will discuss about chin-chin production and below are the summaries point:- A new scale small business enterprise called Classy Chin Chin will be located in Abia State, Nigeria The business aims to provide delicious, tasty, and enticing products as well as an atmosphere for good relaxation A financial strength of N80,600 is required to begin work on the rented shop, purchase equipment, and cover expenses in the first year of operations Classy Chin Chin will be incorporated by Corporate Affairs Commission (CAC) to shield the entrepreneur from double taxation The business has designed a new product that provides customers with a quick, easy, and affordable method to effectively enjoy confectioneries, which will be compliant with FDA regulatory requirements for chin-chin The vision of Classy Chin Chin is to improve the quality of its products and services through creativity and innovation, attracting and retaining the best chin chin processing talents

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BUSINESS PLAN
FOR
CHIN-CHIN
PRODUCTION

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EXECUTIVE SUMMARY
This small scale business enterprise shall be called Classy Chin Chin. It shall be located
along 99 Old Timber Road, Umuahia; Abia State. The goal of Classy Chin Chin’s goal is
to provide the community with a delicious, tasty and enticing products as well as an
atmosphere for good relaxation. This business plan is prepared to obtain a financial strength
amounting to N80,600. The supplemental financing is required to begin work on the rented
shop for preparation and modifications, equipment purchases, and to cover expenses in the
first year of operations
However, Classy Chin Chin will be incorporated by Corporate Affairs Commission (CAC).
This will shield the entrepreneur from double taxation. The financing, in addition to the
capital contributions from the owner and friends will allow Classy chin chin to successfully
open and maintain operations through year one.
Classy Chin Chin has designed a new product that provides her clients with a quick, easy,
and affordable method to effectively enjoy confectioneries. It is intended that Classy Chin
Chin will be the first producer that fills the existing gap of improper feeding, malnutrition
etc. the nutrient contents of Classy Chin Chin shall be safe and comply with the guidelines
of current FDA regulatory requirements for chin-chin. This will shield the entrepreneur
from double taxation. The financing, in addition to the capital contributions from the owner
and friends will allow Classy Chin Chin to successfully open and maintain operations
through year one.

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INTRODUCTION
Classy Chin Chin will be a full service provider business entity dedicated to providing high
customer satisfaction by rendering excellent chin chin products, tasty and enticing at an
acceptable price. Every average citizen desires the best in chin chin. Classy Chin Chin
becomes an upscale trendy confectionary that offers delicious and yummy snacks. The
motivation of our product remains in developing and providing strong quality food with
healthy satisfaction for all beings.
VISION AND MISSION STATEMENT
Vision Statement:
The vision statement of Classy Chin Chin shall include the following
i) To improve our quality always and maintain accuracy, attracting stronger
methods to always develop and retain the best chin chin products/processing
talents.
ii) To be very much creative and innovative in our various products and services
which we deliver-a product for all.
Mission Statement:
a) To create suitable environment that will help build good healthy living through food
processing.
b) To provide suitable and sustainable products and quality standards food ever.
c) To establish accurate management of our products by distributing appropriate
individuals’ responsible to members, managers, shareholders, thereby encouraging
efficient use of resources for good stewardship of various materials.

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VALUE PROPOSITION
Classy Chin Chin is considered an upscale full services enterprise that reaches the
expectation of its customers through provision of the following;
 A serene and stimulating environment for relaxation.
 Skillful competent and experienced workers for gainful desired products.
1. The taste company product will be maintained with good standard quality as her
priority.
2. The marketing strategy will be effective to reach individual and also to provide
good quality customer loyalty that will be maintained.
Classy Chin Chin shall engage in the production of chin chin, buns, egg roll, meat pie,
cupcakes etc at affordable prices.
CRITICAL SUCCESS FACTORS OF THE BUSINESS
i) Being able to meet customers’ needs at the right time and place.
ii) The ability to apply Smartness to all. Leading the nation economy always.
Current Status of the Business
Classy Chin Chin business is a start-up venture that will consist of 3 workers with good
working ability for greatness.
Business environment measurements
Economy, legal requirement, socio-political factors, serenity, media, change in the market
price, advertisement etc.

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Contribution to family, local and national economy
Contribution to the family
i) The Classy chin chin will have lots of income to better improve her operation.
ii) There would be promotion at divers’ levels and employment opportunity to
family members with time.
Contributions to the community
a) Provision of good healthy meals needed for standard living both for all members.
b) Entrepreneurial programs will be fostered with communities to avoid criminal
activity and other unlawful events.
c) It will also better the infrastructure of the economy development within the
community.
Contribution to Local, State and National Economy
1. To better improve the growth at various levels.
2. It’s a source of revenue for the government through tax payment.
3. Promoting the industrial cooperation with other industries.
ENVIRONMENTAL IMPACT CONSIDERATION
Considerations will be examined to describe whether or not the planned environment is
acceptable or not. This entails thorough improvements

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MARKETING PLAN
DESCRIPTION OF PRODUCT(S) OR SERVICE(S)
Classy Chin Chin is food processing ventures aimed at boosting the economics growth by
affording good quality services needed in the economy. The Classy Chin Chin shall be a
fabulous enterprise consisting value addition on chin chin products.
BENEFITS TO THE CUSTOMER
Benefits of chin chin to consumer
i) It is a good substitute for clients
ii) It improves intelligence for it contains vital nutrients for the brain
iii) It lowers down blood pressure
iv) It is very rich in vitamin which helps renew dead cells, helps for better vision
and free radicals.
DESCRIPTION OF THE BUSINESS INDUSTRY/INDUSTRY ANALYSIS
 The Classy Chin chin is aimed always to be loyal, affording the best as always, in
other to live healthier than ever.
 This industry is aimed to boost her nations, her state, community as well as her
global world by all means.
 Baking equipment will be made available.
THE BUSINESS OPPORTUNITY
Opportunity shall contribute to providing quality products both locally and internationally
with over 10million users within the first ten years of existence.

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TARGET MARKET
The industrial target market will be broken into segments consisting of the customers
whose needs and desires most closely match the product offerings. This too helps the
industry in providing services as well as the pricing and distribution for more effective
cost.
OWNERSHIP/MANAGEMENT
Miss Nnaama Juliet is a grounded innovator and has a lot of experience in the field of
baking for years. Having wanted to enlarge the coast/horizon of my sole proprietorship
business, I decided to establish a bakery shop to produce chin chin and other snacks such
as egg roll, meat pie etc for students.
Miss. Eze Oluebube Florence is a trained personality in the field of resources personnel
coupled with her physical and inherent abilities to services, she decide to serve at the bakery
where customers purchase their “needs” for self satisfaction. Also I intends to employ the
services of other professionals who are in the baking world as well as in decoration and
event planning to deliver the best products and services.
Miss Gospel Anaba (Sales and marketing Manager). She is also a Higher National
Diploma Certificate Holder of Marketing, who have great abilities for figures and
calculations as well marketing skills

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PRODUCT AND SERVICES
Services
Skill and Implementation strategy
Our USP (unique selling proposition) which is our perspective of strategizing is being
skillful at what we do. Good customer service, and creating a pleasant environment for our
customers will be very crucial to implementing our business plan.
CUSTOMERS
We have tried to envisage a situation where all and sundry that desire the best taste or
delicacies can be satisfied. This entails the students and workers at the institution that is
few kilometer from the location of the enterprise, working class personnel in the town
where the enterprise is located, the travelers who stops by at the mart for some hours during
a long journey and as well for families living around who desire the best for their family
members. The enterprise customers are expected to grow by 10% per annum.
COMPETITIVE EDGE
There are other few number of bakeries around but they are located at the outskirt of town
where it is inaccessible to clients. More also, some of the enterprise existing before,
happens to be a snack bakery only thereby not concentrating intently on event management
and decoration. Most importantly, most people desired also a coffee shop where they can
also have early morning and afternoon treats. These people request to be given their own
services in a grounded atmosphere therefore we make out a small part in our apartment as
a relaxation centre as well as coffee shop.

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Our business atmosphere will be a relaxing one where clients are highly attended to and
pampered. Free chilled can water will be served , air condition as they enter for service.
Television and audio sets will be located in the coffee room with well selected relaxed
music and comedies for energizing the mind and body after and during the day’s activities.
FINANCIAL STATEMENT AND PROJECTION
The equipment necessary to provide Classy Chin Chin customers with a high tasty and
yummy products for the services we are to offer make up a large portion of the startup cost.
The cost will include the oven and all cost associated their setup. The cost is as follows:
ITEM QUANTITY AMOUNT (N) TOTAL (N)
Business Registration - - 5,000
Rent (1year) 12 months 1,500 18,000
Oven 1 20,000 20,000
Rollers 2 500 1,000
Flour 3 bags 4,000 12,000
Chairs 3 1,000 3,000
Frying Pans 2 2,000 4,000
Frying Spoon 2 500 1,000
Sugar 8 cups 200 1,600
Margarine 5 sachets 400 4,000
Vegetable oil 20 litres 5,000 5,000
Baking powder 1 tin 1,000 1,000
Miscellaneous - 40,000 5,000
TOTAL - - 80, 600
The business plan cost approximately N80,600

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Revenue Base
S/N Items Quantity
per month
Unit price
N
Amount
N
1 Cup Type 500 100 50,000
2. Sachet Type 1,000 50 50,000
Total 100,000
Profitability analysis
= Revenue – Expenses = 100,000 – 80,600 = 19,400
=
SWOT Analysis
Strength: we are for humanitarian services. Emphasis is laid on quality of services and
concentration on a niche market allows a potential high mark up. We have excellent
premises and new equipment, flexibility with employees and low running cost. The
employment of part-time workers will allow us to adjust to more enlarge services and
output in short term as required.
Weakness: A 30 – day credit services required on our products will be necessary to gain
clients, but cash purchase of equipment’s, machines and leasing charges means that the
business needs external finance in the early stages. This may reduce our daily working
target and also meeting up with the projected returns per annum.

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Opportunities: According to our field survey and statistics collected, there will be influx
of population into the locality where the enterprise is based due to the establishment if
tertiary
CONCLUSION
From the study carried out, it is seen that the business will be profitable. The profits from
the project will be able to pay back the loan and the owner’s capital in 1 year time. Classy
will make sure that best practices are adopted and proper management techniques are taken
in order to effectively give our customers the best product and services they require. The
loan and its terms applied above will help with start-up cost and smooth out delays between
expenditure and income.