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A Sample Oyster Farming Business Plan Template

Are you about starting an oyster farm? If YES, here’s a complete sample oyster farming business plan template & feasibility report you can use for FREE to raise money.

Okay, so we have considered all the requirements for starting an oyster farming business. We also took it further by analyzing and drafting a sample oyster farming marketing plan template backed up by actionable guerrilla marketing ideas for oyster farms. So let’s proceed to the business planning section.

Why Start an Oyster Farming Business?

There are loads of business opportunities in the fish and seafood farming industry and oyster farming is one of them. Oyster is known as one of the world’s healthiest foods and it is eaten in all continents of the world. Its antioxidant and anti-inflammatory properties make it most desirable for those who are mindful of their cholesterol intake. It is classified as a marine creature and it is easy to come by especially in coastal areas.

Oyster farming is known to be a profitable business and has evolved from small scale to a global industry in most countries where it is carried out. Countries like Greece, Philippines, China, Japan, Thailand, Caribbean countries and even South American Countries have been farming oysters on a large scale for a long time. United States isn’t far from the trade as there are lots of people from riverine areas whose profession is oyster farming.

If you are looking to go into the sea foods business, the good news is that you would not get it wrong with the oyster farming business. It is easy to start, cheap to maintain and it takes a shorter time to get a good return on your investment if you know the ropes.

Starting an oyster farming business comes with its own fair share of challenges, but that does not rule out the fact that it is indeed a profitable business venture. An aspiring entrepreneur can either choose to start an oyster farm on a small scale or on a large scale depending on their financial status.

So, if you have decided to go into oyster farming, then you should ensure that you carry out thorough feasibility studies and market survey. This will enable you properly site the business in a good location and then hit the ground running. Business plan is yet another very important business document that you should not take for granted when launching your own business.

Below is a sample oyster farming business plan template that can help you to successfully write your own with little or no difficulty.

A Sample Oyster Farming Business Plan Template

  • Industry Overview

Companies in this industry farm oysters and other aquatic creatures in controlled aquatic environments. Industry operators use some form of intervention in the rearing process to enhance production such as holding in captivity and protecting from predators, pests and disease. Ideally, oyster farms require temperatures that are above 25º C during production seasons.

The Fish and Seafood Aquaculture industry that oyster farming business is a part of has experienced slow growth over the last half-decade. This is due to the fact that the vast majority of industry revenue is derived from sales of fish, mollusks and crustaceans that will be processed into food products; the success of this industry is tied to the level of seafood consumption.

Per capita seafood consumption in the United States has declined in recent time, putting strain on fish and seafood farmers. Nevertheless, with the recent increase in the price of seafood, combined with a healthy export market, the revenue generated in industry revenue is expected to grow accordingly.

The Fish and Seafood Aquaculture industry is indeed a fast – growing industry and pretty much active in countries such as United States of America, Australia, Japan, China, Germany, and Singapore et al. There is no single fish and seafood/oyster farm company that has dominant market share in the industry hence smaller fish and seafood/oyster farms businesses can successfully make profits.

Statistics has it that in the United States of America alone, there are about 2,807 registered and licensed fish and seafood farms (oyster farms inclusive) business responsible for employing about 10,440 and the industry rakes in a whooping sum of $1 billion annually. The industry is projected to enjoy a 0.3 percent annual growth.

A recent report published by IBISWorld shows that the Fish and Seafood Aquaculture industry generated 27.4 percent of revenue through the sale of farmed seafood (oyster inclusive) in 2016. Oyster is amongst the popular forms of seafood eaten in the United States. The report stated that they are also relatively easy and inexpensive to farm and their farming does little damage to the environment in which they are raised. They are primarily raised in Mississippi, Louisiana and other parts of the Deep South where they have been cultivated in farms since the 1960’s.

One thing is certain when it comes to seafood cum oyster farming, if you are able to conduct your market research and feasibility studies, you are not going to struggle to sell your farm produce (oysters and other seafood) because there are always food processing companies and consumers out there who are ready to buy from you.

Some of the factors that encourage entrepreneurs to start their own oyster farms could be that the business is easy to set up and they can easily get support from the government; you can actually start your own oyster farm in your compound if you live in a rural or farming community. All you need to do is to purchase the first set of oysters, purchase oyster farming tools and then build your ponds or create demarcation in a lake or river around you.

Despite the fact that oyster farming has been in existence from time immemorial, that does not in any way make the industry to be over saturated; oyster farmers are exploring new technology to continue to improve on the farming process. The fact that there is always a ready market for oysters and other seafood makes the business ever green.

Over and above, there are few barriers to entry into the oyster farms industry. Usually, all inputs are readily available. In the nearest future, players in this industry may face the highest costs associated with accessing technology, especially in relation to genetic modification engineering in seafood breeding.

Oyster Farming Business Plan – Executive Summary

Tony Flint® & Sons Seafood, Inc. is a licensed seafood farming company that will major in oyster farming and will be based in the outskirt of Miami, Florida – United States. We have done our detailed market research and feasibility studies and we were able to secure 10 hectares of farm land to start our oyster farm.

Our oyster farming business is going to be a standard fish and seafood farming business hence we will be involved in oyster, fish and other seafood farming and food processing (packaging oysters, fish and other seafood for sale and export).

At Tony Flint® & Sons Seafood, Inc. we will be involved in the cultivation of different species of seafood and fishes (e.g. catfish, trout, tilapia and minnows), raising and harvesting shellfish (e.g. clams, oysters, crustaceans, mollusks and shrimp), raising and harvesting ornamental fish (e.g. goldfish and tropical fish), raising and harvesting aquaculture species to augment or replenish wild habitats and raising and harvesting other aquaculture (e.g. seaweed, alligators, frogs and turtles).

Within the first five years of officially running Tony Flint® & Sons Seafood, Inc., we will start our food processing and packaging plant and also start exporting our processed and packaged oyster, fish and other seafood to other parts of the world.

This is especially why asides from the fact that we have secured the required farm land and most of the farming equipment and machines, we have also hired some key employees who are currently undergoing training so as to be able to fit into the ideal picture of the 21st century fish and seafood farming business workforce that we want to build.

We are in the fish and seafood farming business because we want to leverage on the vast opportunities available in the Agriculture industry, to contribute our quota in growing the U.S. economy in national food production, raw materials production for industries, to export agriculture produce from the United States to other countries and over and above to make profit.

Tony Flint® & Sons Seafood, Inc. is well positioned to become one of the leading oyster farms in the United States of America, which is why we have been able to source for the best hands and machines to run the business. We have put process and strategies in place that will help us employ best practices when it comes to seafood/oyster farming processes and food processing and packaging as required by the regulating bodies in the United States of America.

Tony Flint® & Sons Seafood, Inc. is a private registered fish and seafood farming company that is owned by Tony Flint and his immediate family members. Tony Flint is a graduate of Fisheries and Aquatic Science from the University of Florida with over 10 years of hands on experience working for some of the leading fish and seafood farms in the United States.

  • Our Services

Tony Flint® & Sons Seafood, Inc. is a fish and seafood farming company that will be involved in farming oyster and other seafood for both the United States’ market and the global market. We will also ensure that we operate a standard food processing and packaging plant as part of our complimentary business.

We are in the oyster farming business to make profit and we are going to do all that is permitted by the law in the United States of America to achieve our business aim and objective. These are the areas we will concentrate on in our oyster farms. If need arises we will definitely add more agricultural produce to our list;

  • Cultivation of different species of oysters, fish and other seafood
  • Processing and packaging of oyster, fish and other seafood

Our Vision Statement

Our Vision is to become one of the top 10 leading fish and seafood farms not just in the United States of America but also on the global stage.

  • Our Mission Statement

We are set to become the standard of how world – class seafood/oyster farms should be run not just in Miami – Florida, but throughout the United States of America. We want our well – packaged and processed oyster, fishes and other seafood to flood every nooks and crannies of the United States of America and other countries of the world.

  • Our Business Structure

Tony Flint® & Sons Seafood, Inc. is a business that is established with the aim of competing favorably with other leading aquaculture/seafood farm brands in the industry. This is why we will ensure that we put the right structure in place that will support the kind of growth that we have in mind while setting up the business.

At Tony Flint® & Sons Seafood, Inc., we will ensure that we hire people that are qualified, hardworking, creative, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers).

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company. In view of the above, we have decided to hire qualified and competent hands to occupy the following positions;

  • Chief Operating Officer
  • General Farm Manager
  • Administrator/Accountant
  • Oyster/seafood farm workers
  • Sales and Marketing Executive
  • Front Desk Officer

Roles and Responsibilities

Chief Executive Officer – CEO:

  • Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling and disciplining managers; communicating values, strategies and objectives; assigning accountabilities; planning, monitoring and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities
  • Creating, communicating and implementing the organization’s vision, mission and overall direction – i.e. leading the development and implementation of the overall organization’s strategy
  • Responsible for fixing prices and signing business deals
  • Responsible for providing direction for the business
  • Creating, communicating and implementing the organization’s vision, mission and overall direction – i.e. leading the development and implementation of the overall organization’s strategy
  • Responsible for signing checks and documents on behalf of the company
  • Evaluates the success of the organization

General Farm Manager

  • Responsible for the planning, management and coordinating all farm activities across the various sections on behalf of the organization
  • Supervise other section managers
  • Ensures compliance during project executions
  • Providing advice on the management of farming activities across all sections
  • Responsible for carrying out risk assessment
  • Using IT systems and software to keep track of people and progress of the growth of crops, fishes, birds and animals
  • Responsible for overseeing the accounting, costing and sale of farm produce after harvest
  • Represent the organization’s interest at various stakeholders meetings
  • Ensures that farming goals and desired result are achieved, the most efficient resources (manpower, equipment, tools and chemicals et al) are utilized and different interests involved are satisfied. Responsible for preparing financial reports, budgets and financial statements for the organization
  • Responsible for overseeing the smooth running of HR and administrative tasks for the organization
  • Handles all financial transactions for the company
  • Defining job positions for recruitment and managing interviewing process
  • Carrying out staff induction for new team members
  • Responsible for training, evaluation and assessment of employees
  • Oversees the smooth running of the daily farming activities across the various farming sections

Administrator/Accountant

  • Responsible for overseeing the smooth running of HR and administrative tasks for the organization
  • Defining job positions for recruitment and managing interviewing process
  • Carrying out staff induction for new team members
  • Responsible for training, evaluation and assessment of employees
  • Responsible for preparing financial reports, budgets and financial statements for the organization
  • Responsible for financial forecasting and risks analysis
  • Responsible for developing and managing financial systems and policies
  • Responsible for administering payrolls
  • Ensuring compliance with taxation legislation
  • Handles all financial transactions for the company
  • Serves as internal auditor for the company

Seafood/Oyster Farm Workers

  • Responsible for feeding oysters and other seafood on a daily basis
  • Ensures that the water and the temperature of the pond is within the expected standard
  • Responsible for changing the water in various ponds
  • Responsible for harvesting oysters when they are due for harvest
  • Work closely with the General Manager to achieve the organizations’ goals and objectives
  • Handle any other duty as assigned by the general farm manager

Sales and Marketing Officer

  • Manage external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
  • Model demographic information and analyze the volumes of transactional data generated by customer purchases
  • Identify, prioritize and reach out to new partners and business opportunities et al
  • Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
  • Develop, execute and evaluate new plans for expanding increase sales
  • Document all customer contact and information
  • Represent the company in strategic meetings
  • Help increase sales and growth for the company

Front Desk/Customer’s Service Officer

  • Welcomes clients and visitors by greeting them in person or on the telephone; answering or directing inquiries
  • Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
  • Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s farm produce
  • Manages administrative duties assigned by the HR manager in an effective and timely manner
  • Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to potential clients when they make enquiries
  • Receives parcels/documents for the company
  • Distribute mails in the organization
  • Handles any other duties as assigned by the line manager

Oyster Farming Business Plan – SWOT Analysis

Tony Flint® & Sons Seafood, Inc. do not intend to launch out with trial and error hence the need to conduct a proper SWOT analysis. We know that if we get it right from the onset, we would have succeeded in creating the foundation that will help us build a standard oyster farm that will favorably compete with leading commercial fish and seafood farms in the United States of America and in the rest part of the world.

We are quite aware that there are several large scale, medium scale and small scale fish and seafood farms all over Miami – Florida and even in the same location where we intend locating ours, which is why we are following due process of establishing a business.

We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be welled equipped to confront our threats.

Tony Flint® & Sons Seafood, Inc. employed the services of an expert HR and Business Analyst with bias in the fish and seafood farming industry to help us conduct a thorough SWOT analysis and to help us create a business model that will help us achieve our business goals and objectives.

Here is a summary from the result of the SWOT analysis that was conducted on behalf of Tony Flint® & Sons Seafood, Inc.;

  • Strength:

Our strength as an oyster farm company is the fact that we have healthy relationships with loads of major players (agriculture merchants) in the agriculture industry; both suppliers and buyers within and outside of the United States. We have some of the latest aquatic farming machines, tools and equipment that will help us cultivate oyster, fish and other seafood in commercial quantities with less stress.

Aside from our relationship (network) and equipment, we can confidently boast of having some the most experienced hands in the Aquatic farming business in Miami – Florida on our payroll and we have a competent management team that has what it takes to start and grow a business within the shortest time frame.

  • Weakness:

Our weakness could be that we are a new oyster farming business in the United States, it might take some time for our organization to break into the market and gain acceptance especially from international markets in the already saturated and highly competitive fish and seafood industry. Another weakness is that we may not have the required cash to promote our business the way we would want to.

  • Opportunities:

The opportunities that are available to us cannot be quantified, we know that a large number of people eat oyster, fish and other seafood. We are ready to take advantage of any opportunity that is available in the industry.

  • Threat:

Just like any other business, one of the major threats that we are likely going to face is economic downturn. It is a fact that economic downturn affects purchasing/spending power. Another threat that may likely confront us is the arrival of a new oyster or seafood farm in same location where our target market exists and who may want to adopt the same business model like us.

Oyster Farming Business Plan – MARKET ANALYSIS

  • Market Trends

A close watch on happenings in the fish and seafood farming industry shows that operators in the industry are leveraging on the campaign for healthy eating in promoting their produce. As a matter of fact, oysters and seafood generally are more expensive to purchase when compared to fishes et al.

It is on record that revenue for the seafood/oyster farming line of business has maintained positive growth. This is so because in recent time, a growing number of individuals shifted to healthy eating and consuming organic produce, resulting in high demand.

One of the common trends in the oyster/seafood farming line of business is that most players in the industry are no longer concentrating only on non – organic farming. They now find it easier to run both organic seafood cultivation and non – organic seafood cultivation. It is a fact that despite that organic food is expensive, the sale of organic food is on the increase and it is indeed profitable.

  • Our Target Market

Naturally, the end consumers of seafood (oyster inclusive) and those who benefit from the business value chain of the fish and seafood farming industry is all encompassing; it is far-reaching.

In view of that, we have positioned our oyster farming business to service (supply) supermarkets, grocery stores, hotels, restaurants and other outlets all across Miami – Florida and other key cities all over the United States of America and Canada. We have conducted our market research and we have ideas of what our target market would be expecting from us.

We are in business to retail our oyster, fishes and other seafood to the following groups of people and businesses;

  • Supermarkets
  • Grocery Stores
  • Hotels
  • Restaurants
  • Outdoor caterers
  • Households

Our Competitive Advantage

A close study of the fish and seafood farming industry reveals that the market has become much more intensely competitive over the last decade. As a matter of fact, you have to be highly creative, customer centric and proactive if you must survive in this industry. We are aware of the stiff competition and we are well prepared to compete favorably with other seafood/oyster farms in Miami – Florida.

Tony Flint® & Sons Seafood, Inc. is fully aware that there are competitions when it comes to selling seafood / oysters all over the globe, which is why we decided to carry out thorough research so as to know how to take advantage of the available market in the United States and in other parts of the world.

We have done our homework and we have been able to highlight some factors that will give us competitive advantage in the marketplace; some of the factors are effective and reliable oyster farming processes that can help us sell our produce at competitive prices, good network and excellent relationship management.

Our competitive advantage lies in the power of our team; our workforce. We have a team of hardworking and highly proficient farmers, a team with excellent qualifications and experience as it relates to seafood/oyster farming. Aside from the synergy that exists in our carefully selected team members, we have some of the latest and efficient seafood/oyster farm machines and equipment and we will be guided by best practices in the industry.

Another competitive advantage that we are bringing to the industry is the fact that we have designed our business in such a way that we will operate an all – round standard seafood/oyster farms that will be involved in processing and packaging oysters for both local and international market. With this, we will be able to take advantage of all the available opportunities within the industry.

Lastly, all our employees will be well taken care of and their welfare package will be among the best within our category (start–up seafood/oyster farms in the United States) in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.

Oyster Farming Business Plan – SALES AND MARKETING STRATEGY

We are quite aware that the reason why some seafood/oyster farms hardly make good profit is their inability to sell off their farm produce (oysters and other seafood) as at when due. In view of that, we decided to set up a standard seafood processing and packaging plant and also to cultivate our feeds for our oyster. It will indeed help us maximize profit.

Our sales and marketing team will be recruited based on their vast experience in the fish and seafood farming industry and they will be trained on a regular basis so as to be well equipped to meet their set targets and the overall business goal of Tony Flint® & Sons Seafood, Inc.

Our goal is to grow Tony Flint® & Sons Seafood, Inc.to become one of the leading seafood/oyster farms in the United States of America which is why we have mapped out strategies that will help us take advantage of the available market and grow to become a major force to reckon with not only in Miami – Florida, but also in other cities in the United States of America and the world at large.

Over and above, we have perfected our sales and marketing strategies by networking with agriculture merchants and businesses that are likely to become our customers. In summary, Tony Flint® & Sons Seafood, Inc. will adopt the following strategies in marketing our oysters, fishes and other seafood;

  • Introduce our business by sending introductory letters alongside our brochure to stakeholders in households, hotels, restaurants, outdoor caterers and agriculture produce merchant’s et al.
  • Advertise our business in food related magazines and websites
  • List our oyster farming business on yellow pages ads
  • Attend related agriculture and food expos, seminars and business fairs et al
  • Leverage on the internet to promote our business
  • Engage in direct marketing
  • Encourage the use of word of mouth marketing (referrals)

Sources of Income

Tony Flint® & Sons Seafood, Inc. is in the oyster farming business for the purpose of maximizing profit hence we have decided to explore all the available opportunities within the industry to achieve our corporate goals and objectives. In essence we are not going to rely only on the sale of our oyster, fish and other seafood to generate income for the business.

Below are the sources we intend exploring to generate income for Tony Flint® & Sons Seafood, Inc.;

  • Cultivation of different species of oysters, fish and other seafood
  • Processing and packaging of oyster, fish and other seafood
  • Related training, consultancy and advisory Services

Sales Forecast

From the survey conducted, we were able to discover that the sales generated in the oyster farming business depend on the size of the farm, and the nature of the business. We have perfected our sales and marketing strategies and we are set to hit the ground running, and we are quite optimistic that we will meet or even surpass our set sales target.

We have been able to critically examine the fish and seafood farms industry cum oyster farm business and we have analyzed our chances in the industry and have been able to come up with the following sales forecast. Below are the projections that we were able to come up with for the first three years of running Tony Flint® & Sons Seafood, Inc.;

  • First Year-: $200,000
  • Second Year-: $500,000
  • Third Year-: $800,000

N.B: This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown that can impact negatively on household spending, bad weather cum natural disasters (draughts, epidemics), and unfavorable government policies. Please note that the above projection might be lower and at the same time it might be higher.

  • Our Pricing Strategy

Some of the factors that will help you sell your farm produce at the right price that will guarantee that you make profits are dependent on your strategy while some of the factors are beyond your control.

For example, if the climatic condition is unfavorable and if there are natural disasters in the location where you have your commercial farm, then it will directly affect the prices of your farm produce.

Over and above, if you want to get the right pricing for your farm produce, then you should ensure that you choose a good location for your oyster farming business, choose a good breed that will guarantee bountiful harvest, cut the cost of running your farm to the barest minimum and of course try as much as possible to attract buyers to your farm as against taking your farm produce to the market to source for buyers; with this, you would have successfully eliminated the cost of transporting the goods to the market and other logistics.

We are quite aware that one of the easiest means of penetrating the market and acquiring loads of customers for all our oyster, fish and other seafood is to sell them at competitive prices hence we will do all we can to ensure that the prices of our oyster, fish and other seafood are going to be what other fish and seafood farmers would look towards beating.

One thing is certain, the nature of fish and seafood farming makes it possible for farmers to place prices for their farm produce based on their discretion without following the benchmark in the industry. The truth is that it is one of the means of avoiding running into loss. The easier you sell off your harvest the better for your business.

  • Payment Options

The payment policy adopted by Tony Flint® & Sons Seafood, Inc. is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that Tony Flint® & Sons Seafood, Inc. will make available to her clients;

  • Payment via bank transfer
  • Payment with cash
  • Payment via credit cards/Point of Sale Machines (POS Machines)
  • Payment via online bank transfer
  • Payment via check
  • Payment via mobile money transfer
  • Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our client make payment for our oyster, fish and other seafood purchase without any stress on their part. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for our oyster, fish and seafood.

Oyster Farming Business Plan – Publicity and Advertising Strategy

Any business that wants to grow beyond the corner of the street or the city they are operating from must be ready and willing to utilize every available means (conventional and non – conventional means) to advertise and promote the business. We intend growing our business which is why we have perfected plans to build our brand via every available means.

Below are the platforms we will leverage on to boost our oyster farm and to promote and advertise our business;

  • Place adverts on both print (newspapers and magazines) and electronic media platforms
  • Sponsor relevant community based events/programs
  • Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, YouTube, Google + et al to promote our business
  • Install our billboards in strategic locations all around Miami – Florida
  • Engage in roadshows from time to time in targeted neighborhoods
  • Distribute our fliers and handbills in target areas
  • Contact corporate organizations and residence in our target areas by calling them up and informing them of Tony Flint® & Sons Seafood, Inc. and the fishes and seafood we sell
  • List our oyster farm in local directories/yellow pages
  • Advertise our oyster farm in our official website and employ strategies that will help us pull traffic to the site
  • Ensure that all our staff members wear our branded shirts and all our vehicles and trucks are well branded with our company logo et al.

Oyster Farming Business Plan – Financial Projections and Costing

When it comes to calculating the cost of starting an oyster farm, there are some key factors that should serve as a guide. The different niche of commercial fish and seafood farms determines the total cost of setting up the business. For example, the startup cost for a fish farm is different from the startup cost for mechanized farming, so also the startup cost for poultry farming is different from the startup cost of cattle ranch (dairy farm) et al.

Below are some of the basic areas we will spend our startup capital in setting up our oyster farm;

  • The total fee for incorporating the Business (oyster farm) in United States of America – $750
  • The budget for key insurance policies, permits and business license – $2,500
  • The amount needed to acquire/lease a farm land  – $50,000
  • The amount required for preparing the farm land (for oyster, fish and other seafood cultivation, fish ponds and fencing et al – $30,000
  • The cost for acquiring the required working tools and equipment/machines/glass casing et al – $200,000
  • The amount required for purchase of seedlings and fingerlings – $20,000
  • The cost of launching an official Website – $600
  • The amount required for payment of workers for a period of 3 months – $100,000
  • Additional Expenditure (Business cards, Signage, Adverts and Promotions et al) – $2,000

Going by the report from detailed research and feasibility studies conducted, we will need an average of $500,000 to start a standard oyster cum seafood farm business in the United States of America. Please note that the salaries of all the staff members are inclusive.

Basically, the nature of oyster farms does not require an office space, most people that run seafood farms operate directly from their farms, but we have decided to open a small liaison office; a place where administrative jobs will be carried out.

Generating Funds/Startup Capital for Tony Flint® & Sons Seafood, Inc.

Tony Flint® & Sons Seafood, Inc. is a privately registered business that is solely owned and financed by Tony Flint and his immediate family members. We do not intend to welcome any external business partner which is why he has decided to restrict the sourcing of the startup capital to 3 major sources.

These are the areas where we intend sourcing for fund for Tony Flint® & Sons Seafood, Inc.;

  • Generate part of the start – up capital from personal savings and sale of his stocks
  • Generate part of the start – up capital from friends and other extended family members
  • Generate a larger chunk of the startup capital from the bank (loan facility).

N.B: We have been able to generate about $200,000 (Personal savings $150,000 and soft loan from family members $50,000) and we are at the final stages of obtaining a loan facility of $300,000 from our bank. All the papers and documents have been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

OYSTER FARMING BUSINESS GROWTH – Sustainability and Expansion Strategy

The future of a business lies in the numbers of loyal customers that they have, the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business closes shop.

One of our major goals of starting Tony Flint® & Sons Seafood, Inc. is to build a business that will survive off its own cash flow without injecting finance from external sources once the business is officially running. We know that one of the ways of gaining approval and winning customers over is to sell our oyster, fish and other seafood a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Tony Flint® & Sons Seafood, Inc. will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re–training of our workforce is at the top burner of our business strategy.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more as determined by the board of the organization. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; and they will be more committed to help us build the business of our dreams.

Check List/Milestone

  • Business Name Availability Check: Completed
  • Business Incorporation: Completed
  • Opening of Corporate Bank Accounts various banks in the United States: Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Application for business license and permit: Completed
  • Purchase of All form of Insurance for the Business: Completed
  • Leasing of farm land in Miami – Florida: Completed
  • Conducting Feasibility Studies: Completed
  • Start – up Capital Generation: Completed
  • Writing of Business Plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Design of The Company’s Logo: Completed
  • Graphic Designs and Printing of Marketing/Promotional Materials: Completed
  • Recruitment of employees: In Progress
  • Building /construction of fish ponds, cattle ranch and poultry: In Progress
  • Purchase of the needed working tools, machines and equipment: Completed
  • Creating Official Website for the Company: In Progress
  • Creating Awareness for the business (Business PR): In Progress
  • Farm land Treatment, Health and Safety Arrangement: In Progress
  • Establishing business relationship with key players in the industry (agriculture farm produce merchants, transporter/haulage and suppliers of fingerlings, and fish feed et al): Completed
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