In case you are into wood work like furniture business and would like to secure a loan or grant from the bank or government, here is a complete Furniture business plan.
For those who want to apply for NIRSAL Microfinance loan, BOI, or TEF grant, here is the complete business plan for furniture work.
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You can see the furniture business plan below make sure to read to the end so to download the complete business plan in msword or PDF.
1.0 INTRODUCTION
2.0 EXECUTIVE SUMMARY for Furniture work
2.1Â The project
2.2 Project Location
2.3 Preliminaries and Pre- Operational Expenses
2.4 Organization and management
2.5Â Benefits of the project
3.0 THE MARKET
3.1 The Market
3.2 Our Target Market
3.3 Our Competitive Advantage
3.4 Marketing Strategy and Sales Strategy
3.5 Our Pricing Strategy
3.6 Utility
4.0 SWOT ANALYSIS for Furniture Business
4.1 Strength
4.2 Weakness
4.3 Opportunity
4.4 Threat
5.0 RISK AND INCENTIVES
5.1 Insurable Risk
5.2 Non Insurable Risk
6.0 CONCLUSION
7.0 FINANCIAL ANALYSIS For Furniture Work
7.1Â Â Â SCHEDULES
7.2Â Â Â Projected Cash Flow Statements
7.3 Projected Profit and Loss Accounts
READ: You can Download Any Nature of Business Business Plan HERE
1.0 INTRODUCTION
Furniture making used to be seen as a venture for illiterates. But evolving developments in the society seem to have changed that perception, as more enlightened people show interest in the business.
Of course, most of these new faces in the business have been telling tales of good fortune and success. With various modifications and creativity coming into play in the business, it is a noticeable trend that most of the successful furniture firms are city-based, indicating that the business has the prospect of thriving more in urban and semi-urban areas than rural areas.
The reason is that most of the people who have the financial capability to acquire appreciable works of furniture are in the urban centres.
In Nigeria, the business, which is seen more as an art than a vocation, has generally proven to be a lucrative venture, nevertheless. Its general appeal lies in the universality of its usage. Considered as a form of decorative art, the furniture maker, as an artist, thinks of a design and brings it to life by making furniture that can represent his idea.
This is the reason furniture business is often described as companion of relevance in homes, offices and occasions. Furniture making, which presently employs many globally, is said to have gradually improved through the ages. According to operators in the venture, the art of furniture making gives room for creativity.
This creativity and the expanse of marketing opportunities generated by the aesthetic appeals, operators say, allow skillful individuals in the trade to laugh all the way to the bank after having their works ‘heavily priced.’
From tables, chairs, wardrobes, cabinets and drawers making to artistic designing of woods, skilled furniture makers in the country say the business is money spinning. This underscores the description of operators as placid money makers by their clients. The implication is that expertise in the art, as operators say, enhances the chance of making good money from the venture.
According to them, a well grounded furniture maker in any location, to a large extent, enjoys the liberty of deciding his price for particular furniture, regardless of what may be obtainable elsewhere.
1.1 OUR PRODUCT OFFERING
T and T ENTERPRISES is in the furniture manufacturing industry to manufacture both home and office furniture; to service a wide range of clients and of course to make profits, which is why we will ensure we go all the way to give our clients and potential clients options.
We will do all that is permitted by the law of Nigeria to achieve our business goal, aim and ambition of starting the business. Our product offerings are listed below;
- Manufacturing of household furniture (living room, dining room and bedroom furniture, and TV stands and otherwise),
- Manufacturing stationary sofas/sofa-sleepers
- Manufacturing showcases, partitions, shelving and lockers
OUR VISION STATEMENT For Furniture Business Plan
Our vision is to become the leading brand in the furniture manufacturing industry in Kaduna State
OUR MISSION STATEMENT For Furniture Business Plan
Our mission is to establish a Standard furniture manufacturing business whose products will not only be retailed in Kaduna, Kaduna state, but in other neighboring states.
MARKET ANALYSIS for Furniture Business Plan
You need a showroom to be able to display your furniture  to the public. Make sure it is by the roadside for passerby    to see them. Advertising is everything in business, if your  furniture is hidden, no one will see them and you wouldn’t  make a sell. You must by all means get your product  where people can see them for you to make sells.
Implement a local campaign with the Company’s targeted  market via the use of flyers, local newspaper  advertisements, and word of mouth advertising.
Develop an online presence by developing a website and  placing the Company’s name and contact information with  online directories.
MARKET TRENDS
The changes in disposable income, consumer sentiment, ever changing trends and of course the rate of homeownership is major growth drivers for this industry.
No doubt, a massive rise in consumer confidence has also contributed in helping the industry experience remarkable growth, but uneven performance in these drivers has led to slightly constrained revenue growth for the Furniture Manufacturing industry.
So also, the rising demand for both home and office furniture, as a result of increasing disposable income and consumer sentiment, will result in revenue growth, but profit margins will stagnate as furniture stores keep prices low to attract more sales amid growing competition.
A close watch on the industry activities reveals that, the Retail Market for Home Furniture and Bedding was hit hard by the recent economic downturn and experienced a decline in revenue in recent time.
How to Download the Complete Furniture Business Plan Msword/PDF
The above is just the introductory part, the full business plan is 24 pages and you can download it for N5000. You can download the full pure Furniture business plan by following the procedures:
For you to download the complete business plan straight to your email address, kindly Click on the>> DOWNLOAD for immediate response.
You’ll pay the sum of N5000
BANK:Â UBA
ACCOUNT NAME:Â AJETUNMOBI OLANIYI A
ACCOUNT NUMBER:Â 2089760594
Immediately after the payment, send your email address through text message to 08133717775 and I will send you the full Furniture business plan.
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