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Commercial fish farming business plan free download sample
Enactus is an international student run non-profit organization focused on improving the quality of life and living standards for those in need. With the aid of academic advisors and business experts students aim to design sustainable projects for target groups, focused on empowering and improving their lives.
Integrated fish farm business plan
In contrast to other forms of humanitarian organisations, Enactus aims to empower the target communities through the use of social entrepreneurship. Guided by academic advisors and business experts students of Enactus design a business approach which will provide the target groups with the necessary skills and resources for self-sufficiency. We, at University College Utrecht, are one of the 17 Enactus teams based in the Netherlands. We are part of the Fish Farm Project, a project focused on building a fishfarm for Red Hill Baraka School to generate income to fund scholarships for orphaned and needy children.
Fish farm Business Plan
Recently the school has started fish-farming tilapia, to feed the children at school. This led to the idea that fish farming could be used to help the school less reliant on sponsorship. If the fish farm could be expanded to a larger scale it would be able to be turned into a business which should be able to generate profit that would enable the school to become more self-sufficient.
This is where Enactus UCU came in. Through personal connections a board member came into contact with Lazarus and proposed a project wherein Enactus UCU would design a recirculating tilapia fish farm business plan and help raise funds to make fish farming a sustainable source of income for the school.
Design and Development
Initially the plan was to build the plan was to build a fish farm on the compound of the school, this was however was not possible. After re-evaluating, a decision was made to build the fish farm, on a quarter acre plot in Eldoret, West Kenya. Eldoret is currently the fastest growing urban center in Kenya and the fifth largest city in the country. Re-locating the fish farm to Eldoret was a strategic move, which significantly cut costs of rent, as well as Eldoret having a suitable temperature for growth of tilapia.
In the model, the fish farm project should be up and running around June/July. Having recently invested 2500€, land has been rented and fenced off. An employee, Kalistas, with previous experience in fish farming, has been hired and placed on site, where he shall continue with preparations of the start-up of the farm. Here a house and toilet have also been built to accommodate him, as he shall be working here fulltime. Through the help of a government initiative; a rural electrification program, there has been power installation.
The next steps shall be the excavation of fish farm pond that shall be 8 by 21 meters, which shall have a depth of 3 meters in the deep-end and a shallow-end of 1.5 meters. Excavation shall be performed through voluntary manual labor. A greenhouse to further stabilize temperatures shall cover the fish tank. A borehole will need to be drilled and a water tank shall be installed; this will be the source of water for the fish farm.
Fortunately, Lazarus has a good working relation with Jambo Fish Farm (Nairobi), an expert business focused on fish farming in Africa, and through them aeration filters, greenhouse materials, and other necessary equipment shall be purchased. The project shall not be involved in breeding fish, as this would incur to many start up costs, rather juvenile fish shall be bought and developed. Initial stocks of juvenile fish, as well as fish feed shall also be purchased from Jambo. The juvenile fish will be transported from Nairobi to Eldoret using the school bus, whereas the fish feed, which shall be bought in bulk every two weeks, shall be transported on shuttles (a transport system used to transport goods in Kenya) from Nairobi to Eldoret. Additionally, Aquaspark, a global aquaculture investment fund based in Utrecht7hj, is advising project fish farm.
In the timeline, the fish farm will be fully functional by July 2015. The aim is to have two harvests of 6000 fish each per year, with the first harvest in January 2016. Tilapia grows to their full size, between one and one and a half kilograms in approximately 6 months. The first harvest would therefore be in January 2016.
Action and Marketing Plan
Start up Costs
We, as Enactus University College Utrecht, will supply the Redhill Baraka School with the financial means to set up the fish farm in the first place. In the table below, you can find the breakdown of all these costs. All the costs shown here are final estimates, as given to us by our Kenyan partners. As can be seen, the total costs of getting the first pond up and running will be €10.148. These costs include, apart from the much needed building materials, the payment of the rent of the plot of land on which the fish farm is situated for the first two years, the payment of the loan of the guardian for the first nine months, and the maintenance costs for the first six months.
Revenue and Profit
The most important part is of course the eventual profit that will be made by this fish farm. Our Fish farm would produce about 5800 full grown Tilapia filets every half year (that is because on average 200 out of the 6000 fish will not be suitable for sale). For the sale of the fish, we have made an arrangement with the urban butchery ‘’Super Cut Ltd.’’, who are willing to buy our fish at 280 KSH per kilo. However, we are also looking into the possibility of selling the fish to local fishmongers in Eldoret itself, what would increase the selling price even more.
When the Tilapia fish are full-grown, they weigh about 1-1,5 kilos each. Taking an average weight of 1,25 KG, this would come down to a revenue of approx. 2,030,000 KSH per half year, or 4,060,000 KSH per year. This is a conservative estimate, using the lower price offered by Super Cut Ltd, the fact that some fish might weigh less than others and the fact that some fish might not be suitable for sale. This comes down to a yearly revenue of approx. €39,077.
The yearly costs consist of the rent of the land at €242 a year (even though we would pay for the first two years of rent), the monthly salary of the supervisor on site at 87*12 = €1044, the maintenance costs (including fish feed) of 213*12= €2556, miscellaneous and unforeseen costs (including electricity) at €2500, and the initial fish stock of 6000 fish one every six months, coming down to 2*900= €1800. The total yearly costs will thus be €7142, which results in a yearly profit of €30,935.
A second fish farm
In anticipation of growth, a quarter acre of land was rented to allow for enough room to build a second fish farm. Furthermore, the start up costs of this would be significantly lower. Electrical installation, land, bore hole and water tank will all have already been paid for. Ideally a second fish farm would be up and running in June 2016, allowing Redhill Baraka School to benefit from four harvests of fish per year. This would equate to approximately €60,000 profits per year. A second fish farm would allow for four staggered harvests per year, which would not only increase profits but importantly also be a fail-safe and provide an economical buffer in case one of the harvests got infected by disease.
With €30,935 as yearly profit from a single fish farm, the Redhill Baraka School will be able to become fully self-sufficient. We would therefore like to ask you to help us make this wonderful project happen, and give the students of RBS the chance to get a good education, and the opportunity for a better life!
Free fish farming business plan
Do you need a free business plan for fish farming? This free guide can be used as a template when setting up your farm. Download free fish farm business plan
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