Business Plan of Establishing a Nursery School: Promise International Academy
BUSINESS PLAN
1.0 EXECUTIVE SUMMARY
1. The following report and recommendations relate to the proposal by Promise International Academy to establish a Nursery school at Nekede town Imo state.
2. The proposed project is to be fully implemented with an investment of N 870,900 made up of 660,600 in fixed capital and N210, 300 in working capital.
3. The Institution’s vision is to be an outstanding, qualitative, vibrant, and moral institution that will harness the talent in every growing child under a conducive Christian environment.
4. The proposed project will be located at Nekede town Imo State.
5. An available and ready market exists for the planned Institution based on our market survey.
6. The financial projections reveal a high degree of liquidity and stability. The projected turnover for year 1, year 2 and Year 3 respectively is N1, 805,500, N2, 143,200 and N2, 250,000 profits after taxation in Year 1 is N209,700 increasing to N345,100 in Year 2 and N519,129 in year 3.
7. The funding requirement is N 556,500 as the promoter is committing N314, 400 to the project.
8. The company’s competitive edge is the conducive and fully equipped and moral background, the management’s strong managerial and technical skills, and introductory vocational courses and free feeding scheme.
9. The profitability indicators as extracted from the projections embodies in this plan are as follows:
Year 1 Year 2 Year 3
Turnover 1, 805,500 2, 143,200 2, 520, 00
Operating profit 1, 205, 500 1, 393, 200 1, 620, 000
Net profit 209, 700 345, 100 519, 129
Return on equity (%) 66. 7% 109. 8% 165%
Return on investment % 24. 1% 36.6% 59.6%
Conclusion and recommendation:
From the point of view of the analysis of our findings, the proposed project is found to be technically feasible, financial viable and economically desirable. The project offers good investment benefits.
We therefore, highly recommend it for funding, investment and implementation.
2.0 BACKGROUND
2.1
1.0 EXECUTIVE SUMMARY
1. The following report and recommendations relate to the proposal by Promise International Academy to establish a Nursery school at Nekede town Imo state.
2. The proposed project is to be fully implemented with an investment of N 870,900 made up of 660,600 in fixed capital and N210, 300 in working capital.
3. The Institution’s vision is to be an outstanding, qualitative, vibrant, and moral institution that will harness the talent in every growing child under a conducive Christian environment.
4. The proposed project will be located at Nekede town Imo State.
5. An available and ready market exists for the planned Institution based on our market survey.
6. The financial projections reveal a high degree of liquidity and stability. The projected turnover for year 1, year 2 and Year 3 respectively is N1, 805,500, N2, 143,200 and N2, 250,000 profits after taxation in Year 1 is N209,700 increasing to N345,100 in Year 2 and N519,129 in year 3.
7. The funding requirement is N 556,500 as the promoter is committing N314, 400 to the project.
8. The company’s competitive edge is the conducive and fully equipped and moral background, the management’s strong managerial and technical skills, and introductory vocational courses and free feeding scheme.
9. The profitability indicators as extracted from the projections embodies in this plan are as follows:
Year 1 Year 2 Year 3
Turnover 1, 805,500 2, 143,200 2, 520, 00
Operating profit 1, 205, 500 1, 393, 200 1, 620, 000
Net profit 209, 700 345, 100 519, 129
Return on equity (%) 66. 7% 109. 8% 165%
Return on investment % 24. 1% 36.6% 59.6%
Conclusion and recommendation:
From the point of view of the analysis of our findings, the proposed project is found to be technically feasible, financial viable and economically desirable. The project offers good investment benefits.
We therefore, highly recommend it for funding, investment and implementation.
2.0 BACKGROUND
2.1