TABLE OF CONTENTS
EXECUTIVE SUMMARY
1. COMPANY OVERVIEW
1.1 Legal Structure
1.2 Proposed Business Address
1.3 Vision Statement
1.4 Mission Statement
1.5 Business Objectives
1.6 Ownership Structure
2. INDUSTRY & MARKET CONTEXT
2.1 Cold Storage Industry in Nigeria
2.2 Lagos as a Prime Market
2.3 Post-Harvest Loss Problem
2.4 Why Solar-Powered Cold Rooms Win
2.5 Target Customers
3. COLD ROOM TECHNICAL SPECIFICATIONS
3.1 Cold Room Configuration
3.2 Product Segmentation by Temperature
3.3 Refrigeration System
4. SOLAR POWER SYSTEM DESIGN
4.1 Power Demand Analysis
4.2 Total Facility Load
4.3 Solar PV System Sizing
4.4 Battery Storage System
4.5 Generator Backup (Minimal Use)
5. EQUIPMENT LIST & COST ESTIMATES (₦)
5.1 Cold Room Equipment Cost
5.2 Solar Power System Cost
5.3 Supporting Infrastructure
5.4 Total Technical CAPEX Summary
6. POWER RELIABILITY & REDUNDANCY STRATEGY
6.1 Three-Layer Power Protection
6.2 System Monitoring
6.3 Scalability
7. OPERATIONAL WORKFLOW
7.1 Daily Operating Cycle
7.2 Operating Hours
7.3 Capacity Utilisation Plan
8. PRICING & REVENUE MODEL
8.1 Pricing Structure (Lagos Market-Based)
8.2 Storage Fees
8.3 Bulk & Contract Pricing
8.4 Estimated Monthly Revenue Potential
8.5 Additional Revenue Streams
9. STAFFING & HUMAN RESOURCES
9.1 Organisational Structure
9.2 Staff Strength & Monthly Cost
9.3 Training Plan
10. SECURITY, INVENTORY & QUALITY CONTROL
10.1 Security Measures
10.2 Inventory Control
10.3 Quality Control
10.4 Loss Prevention
11. MARKET ANALYSIS
11.1 Target Market Overview
11.2 Primary Customer Segments
11.3 Market Size (Localised Estimate)
11.4 Demand Drivers
12. COMPETITIVE LANDSCAPE
12.1 Existing Competitors
12.2 Competitive Advantage
12.3 Barriers to Entry
13. SALES & MARKETING STRATEGY
13.1 Go-To-Market Strategy
13.2 Pricing Strategy
13.3 Marketing Channels
13.4 Strategic Partnerships
14. CUSTOMER ACQUISITION & RETENTION
14.1 Acquisition Strategy
14.2 Retention Strategy
14.3 Revenue Stability Measures
15. REGULATORY & LEGAL REQUIREMENTS
15.1 Business Registration
15.2 Permits & Approvals Required
15.3 Energy & Solar System Compliance
15.4 Insurance Requirements
16. ENVIRONMENTAL IMPACT & SUSTAINABILITY
16.1 Environmental Impact Overview
16.2 Carbon Emission Reduction
16.3 Waste Management
16.4 Sustainability Benefits
17. HEALTH, SAFETY & QUALITY COMPLIANCE
17.1 Food Safety Standards
17.2 Occupational Health & Safety
17.3 Cold Chain Integrity
18. ESG IMPACT ASSESSMENT
18.1 Environmental (E)
18.2 Social (S)
18.3 Governance (G)
18.4 Alignment with National Goals
19. FINANCIAL ASSUMPTIONS
19.1 Key Assumptions
20. CAPITAL EXPENDITURE (CAPEX)
20.1 Startup Capital Breakdown
21. OPERATING EXPENDITURE (OPEX)
21.1 Monthly Operating Costs
21.2 Annual Operating Costs
22. REVENUE PROJECTIONS
22.1 Revenue Calculation Logic
22.2 Projected Revenue by Year
23. PROJECTED FINANCIAL STATEMENTS
23.1 Projected Profit & Loss Statement (₦)
23.2 Projected Cash Flow Summary (₦)
23.3 Projected Balance Sheet (Year 3 Snapshot)
24. BREAK-EVEN ANALYSIS
24.1 Break-Even Assumptions
24.2 Break-Even Volume Calculation
24.3 Break-Even Capacity Utilisation
25. INVESTMENT APPRAISAL
25.1 Investment Summary
25.2 Net Present Value (NPV)
25.3 Internal Rate of Return (IRR)
25.4 Payback Period
26. SENSITIVITY ANALYSIS
26.1 Sensitivity Variables Tested
26.2 Sensitivity Results (NPV Impact)
26.3 Interpretation
27. RISK ASSESSMENT & MITIGATION
27.1 Key Risks & Controls
27.2 Insurance & Risk Transfer
27.3 Long-Term Risk Outlook
EXECUTIVE SUMMARY
Business Name: SolarFresh Cold Storage Solutions
Limited
Business Concept
SolarFresh
Cold Storage Solutions Limited is a solar-powered commercial cold room hub
designed to provide reliable, affordable, and uninterrupted cold storage
services to food traders, farmers, aggregators, fishermen, restaurants, and
pharmaceutical distributors in Lagos State.
The
business addresses one of Nigeria’s most pressing challenges: post-harvest
losses, which account for an estimated 35–50% of perishable food waste,
largely due to lack of cold storage and unreliable electricity. By leveraging solar
energy with battery storage and minimal generator backup, SolarFresh
eliminates dependence on diesel-powered cold rooms, reducing operating costs
and emissions.
Services Offered
- Cold storage for:
- Fish and seafood
- Meat and poultry
- Fruits and vegetables
- Dairy products
- Pharmaceuticals (basic
temperature-controlled storage)
- Short-term and medium-term
storage (daily, weekly, monthly)
- Bulk cold room leasing for
traders and aggregators
Location Strategy
The
facility will be located in a high-traffic food aggregation zone in Lagos,
such as:
- Mile 12 (Ketu)
- Oshodi–Isolo
- Badagry Expressway corridor
- Ikorodu axis
These
locations provide:
- Proximity to major markets
- High demand for cold storage
- Easy truck access
- Strong trader density
Startup Size & Capacity
- 2 to 4 modular cold rooms
- Capacity per room: 10–20
tonnes
- Total storage capacity: 30–60
tonnes
- Temperature range: –20°C
to +5°C
Startup Capital Estimate
₦110
million – ₦145 million
Financial Highlights (5 Years)
- Break-even: Year 2
- Average net profit margin
(steady state): 28–35%
- Payback period: 3 – 4
years
- Strong cash flow due to low
energy cost
Competitive Advantage
- Solar-powered (low operating
cost)
- Reliable 24/7 power
- Flexible pricing for traders
- Strategic Lagos location
- ESG and climate-friendly
positioning
1. COMPANY OVERVIEW
1.1 Legal Structure
- Company Type: Private Limited Liability
Company (Ltd)
- Registered Name: SolarFresh Cold Storage
Solutions Limited
- CAC Registration: To be completed
- Business Nature: Renewable-energy-powered
cold storage services
1.2 Proposed Business Address
Plot XX,
Industrial Cold Chain Cluster,
Mile 12 Axis, Lagos State, Nigeria
(Address
can be modified easily)
1.3 Vision Statement
To become
Lagos’ most trusted provider of affordable, sustainable, and reliable cold
storage solutions for perishable goods.
1.4 Mission Statement
To reduce
food losses, improve trader profitability, and support Nigeria’s food security
through efficient solar-powered cold storage infrastructure.
1.5 Business Objectives
- Reduce post-harvest losses
by at least 30% for clients
- Achieve 70% capacity
utilisation by Year 2
- Expand to a second hub
within 5 years
- Maintain energy costs at below
10% of operating expenses
1.6 Ownership Structure
- Promoters / Founders: 100%
private ownership
- Potential future funding:
- Equity investors
- Development finance
institutions
- Climate and agribusiness
funds
2. INDUSTRY & MARKET CONTEXT
2.1 Cold Storage Industry in Nigeria
Nigeria’s
cold storage industry remains significantly underdeveloped, despite:
- Population of over 220
million
- Massive food trade volumes
- Heavy reliance on imports
and local agriculture
Most
existing cold rooms:
- Run on diesel generators
- Have high operating costs
- Pass costs to traders
- Are unreliable due to fuel
scarcity
This
creates clear market inefficiency.
2.2 Lagos as a Prime Market
Lagos:
- Consumes over 60% of
Nigeria’s frozen food imports
- Hosts major markets like
Mile 12, Oyingbo, Ajah, and Badagry
- Experiences daily inflow of
perishables from:
- Northern Nigeria
- Niger Republic
- Coastal fisheries
Demand
for cold storage far exceeds supply, especially among:
- Small and medium traders
- Fish importers
- Poultry distributors
- Fruit and vegetable
aggregators
2.3 Post-Harvest Loss Problem
|
Product Category
|
Estimated Loss
|
|
Fruits
& Vegetables
|
45–50%
|
|
Fish
|
30–40%
|
|
Meat
|
20–25%
|
Solar-powered
cold rooms directly convert these losses into profit opportunities.
2.4 Why Solar-Powered Cold Rooms Win
|
Factor
|
Diesel Cold Rooms
|
Solar Cold Rooms
|
|
Power
cost
|
Very
high
|
Very
low
|
|
Reliability
|
Fuel
dependent
|
24/7
|
|
Maintenance
|
High
|
Moderate
|
|
Emissions
|
High
|
Near-zero
|
|
Operating
margin
|
Thin
|
Strong
|
2.5 Target Customers
- Market women & traders
- Fish importers
- Poultry distributors
- Fruit & vegetable
aggregators
- Small supermarkets
- Pharmaceutical distributors
Click “DOWNLOAD NOW” below to get the complete Business Plan
FOR QUICK HELP CHAT WITH US NOW!
+(234) 0814 780 1594
Buyers has the right to create
dispute within seven (7) days of purchase for 100% refund request when
you experience issue with the file received.
Dispute can only be created when
you receive a corrupt file, a wrong file or irregularities in the table of
contents and content of the file you received.
ProjectShelve.com shall either
provide the appropriate file within 48hrs or
send refund excluding your bank transaction charges. Term and
Conditions are applied.
Buyers are expected to confirm
that the material you are paying for is available on our website
ProjectShelve.com and you have selected the right material, you have also gone
through the preliminary pages and it interests you before payment. DO NOT MAKE
BANK PAYMENT IF YOUR TOPIC IS NOT ON THE WEBSITE.
In case of payment for a
material not available on ProjectShelve.com, the management of
ProjectShelve.com has the right to keep your money until you send a topic that
is available on our website within 48 hours.
You cannot change topic after
receiving material of the topic you ordered and paid for.
Login To Comment