By EJIOGU PRECIOUS
PRETECH GOLDEN HARVEST RICE COMPANY focuses on buying and selling locally produced rice which is sourced from farms and then sold in the urban cities. Currently, we have over 20 customers
By granting us this funding, you will enable us to expand our product range, enhance our delivery capabilities, and strengthen our brand presence. This investment will empower us to serve our customers better, drive sales, and ultimately increase our revenue streams.
Funding Needs:
1. Purchase of additional stock: $800
2. Delivery: $50
3. Printing, packaging, and branding expenses: $150
Total Amount Requested is $1000.
How would this help your business? How will this help your business generate more income?
By granting us this funding, you will enable us to achieve the following key objectives:
Expand Our Product Range: The purchase of additional wholesale products for $600 will allow us to diversify our offerings and cater to a broader customer base. Expanding our product range will help us meet varying customer preferences, thereby increasing customer satisfaction.
Enhance Our Delivery Capabilities: Acquiring a delivery bike for $300 will significantly improve our logistics and delivery efficiency. Faster and more reliable delivery services will enhance customer satisfaction and enable us to reach more customers, especially in remote areas.
Strengthen Our Brand Presence: Allocating $100 for printing, packaging, and branding expenses will help us establish a strong brand identity. Professional packaging and effective branding materials will make our products more attractive to consumers, helping us stand out in a competitive market.
With these investments, we anticipate a significant boost in our revenue streams. For example, if our current customer base of 20 can be increased to 50 through better products and delivery services, and if each customer spends an average of $20 per month, our monthly revenue could grow from $400 to $1,000. Annually, this represents an increase from $4,800 to $12,000, demonstrating a substantial return on investment from the funding provided.
YOUR NET INCOME
Explain how much your revenue is, what your expenses are including salaries and what’s your profit.
For every $97.50 in revenue, the business spends $72.80 in expenses, which leaves $24.70 in net income (25.33% margin) after all expenses including self-salary.
The Income Statement contains the first 3 months of the business from January to March 2024 (with the future impact of the grant to the business in the coming months)
Insert your income statement here:
Insert pictures of your business activities here and give a brief explanation
BUSINESS MISSION STATEMENT:
Our mission is to provide high-quality rice with a traditional taste nationwide, ensuring that the aroma and flavor of every grain reflect our commitment to excellence. We aspire to become one of the leading brands in rice marketing and distribution, starting with Rivers State and expanding throughout Nigeria.
SERVICE OR PRODUCT DELIVERABLE:
Pretech Golden Harvest Rice Co. is dedicated to delivering a product that embodies the rich heritage of traditional rice cultivation. From the fields to the dining table, our meticulous process ensures that our customers enjoy the highest quality rice with every purchase.
DESCRIBE YOUR BEST CUSTOMER:
Who is your customer?
Our customers are diverse, encompassing individuals, families, retailers, and wholesalers who value high-quality, traditionally-flavored rice. We serve a broad range of clients across different segments, all of whom share a common appreciation for premium rice products that offer exceptional taste, aroma, and nutritional benefits.
WHY CUSTOMERS DO BUSINESS WITH YOU RATHER THAN WITH YOUR COMPETITORS?
Superior Quality: Our rice retains its traditional taste and aroma, thanks to stringent quality control and traditional processing methods.
· Excellent Customer Service: We offer personalized, reliable service, building strong relationships with our customers.
· Community and Sustainability: We engage with the local community and employ eco-friendly practices, appealing to environmentally-conscious consumers.
· Competitive Pricing: We provide high-quality rice at competitive prices, ensuring great value for money.
LIST YOUR SERVICES OR PRODUCTS AND THEIR PRICES:
· Short grain rice: 50.17 USD per 50kg
· Medium grain rice: 46.77 USD per 50kg
· Broken rice: 33.40 USD per 50kg
HOW DO CUSTOMERS KNOW THAT YOU EXIST? :
Social Media, Local Marketing and Community Engagement, and Partnerships with Local Businesses.
WHY DID YOU CHOOSE THIS BUSINESS?
High Demand: There is a consistent and growing demand for high-quality rice in Nigeria. By entering this market, we aim to meet this demand with a superior product.
LIST YOUR TOP WAYS TO FIND NEW CUSTOMERS:
Local Markets and Food Festivals
Direct Engagement: Participate in local farmers’ markets and food festivals to showcase our rice and engage directly with potential customers. Offering samples can attract new buyers and build brand recognition.
Retail and Wholesale Partnerships
Expand Distribution: Partner with more local grocery stores, supermarkets, and wholesale outlets to increase our product’s visibility and accessibility.
HOW LONG HOW YOU BEEN IN BUSINESS?
Less than 2 years
CONTACT DETAILS:
Phone number: +2348179723302
Email:precious.ejiogu@ust.edu.ng