An interesting sample business plan – Part 2: Build a soy milk processing plant

In part 1 of this series, I introduced a comprehensive sample business plan on the establishment of a soy milk processing plant in Northern Tanzania. In part 1, we looked at the business description, the company description, industry analysis, market and marketing.

You can recycle this sample business plan to suit your needs or use as is and only refine the financials. Should you choose to write your own business plan and have questions or if you need help preparing one for your business idea, leave a comment or contact me directly and I’ll respond within 48 hours.

Contents hide


Soya Delights Sample Soy Milk Business PlanPin
Sample soy milk business logo


6.1  Development Status

The versatility of soy cannot be overstated and as such Soya Delights aspires to expand its depth in terms of products offered to include a soybean oil processing plant and a section to manufacture soy-cereal blends. Soy sauce, mayonnaise, cheese, tofu derivatives (tofu burgers/cutlets, creamy tofu dressings, tofu cheesecakes, silken tofu, wine-fermented tofu, dried-frozen tofu), powderized soy custard and soy candles will join the product portfolio in the long run. This would be an improvement of the “Soy” concept; adding quality, slick design and more flavors.

Future product line
Product: Soy Pet Food/ Soy Feeds

There have been several researchers conducted by for instance the Camarines Sur State Agricultural College proving the effectiveness of soy products as healthy to domestic animals such as cats and dogs. Backed by research, we would like to pursue selling Soy Feeds not in the conventional way but Online. We would like to make it available in the international market by establishing a website and perhaps link it to some websites selling a variety of feeds from a variety of suppliers. It may be hard to start a business in such a field because it requires knowledge with solidifying soy and mixing some chemicals that would highly benefit the domestic animals.

The main reason for venturing into such an undertaking is because we see that some by- products of the Soy Custard process (taho) are just thrown away and fed to some farm animals such as pigs.

The market

Our target market is pet-lovers who would want their pets to stay fit and healthy. In 2002, the global market for pet food and pet care products was valued at $46 billion, up 2.6 percent from the previous year. This translates into nearly 17 million tons of food produced annually (Crossley, 2003). Sales in North America were responsible for 41 percent of the global market value (39 percentage units of that from the United States).

Western Europe accounted for a further 30.5 percent of the global market, and Japan another 13 percent (Crossley, 2003). As regards animal numbers, 2001 estimates indicate that 67 million dogs and 65 million cats were owned by Americans (Anonymous, 2002). The continued expansion of the industry is driven by increased pet populations, increased spending per pet and an increased use of prepared pet foods and treats in both developed and emerging nations.

Premium dog and cat food sales have experienced dynamic growth in the three regions of the world, but economy and mid-priced foods continue to have a large customer base. Consumers who are cost-conscious regard these foods as being of sufficiently high quality to ensure adequate nutrition. In addition, many of these foods are formulated based on life stage/lifestyle concepts previously available only within the premium food sector. In terms of volume, sales of these foods are higher than those of premium foods (Crossley, 2003).

Benefits of Soy Feeds

Soy protein is generally regarded as the storage protein held in discrete particles called protein bodies which are estimated to contain at least 60-70% of the total soybean protein. Upon germination of the soybean, the protein will be digested and the released amino acids will be transported to locations of seedling growth. Legume proteins, such as soy, and pulses belong to the globulin family of seed storage proteins called leguminins (11S) and vicilins (7S), or glycinin and beta-conglycinin in soybeans. Grains contain a third type of storage protein called gluten or “prolamines”.

Soybeans also contain biologically active or metabolic proteins such as enzymes, trypsin inhibitors, hemagglutinins, and cysteine proteases. The soy  cotyledon storage proteins, important for human nutrition, can be extracted most efficiently by water, water plus dilute alkali (pH 7-9), or aqueous solutions of sodium chloride (0.5-2 M) from dehulled and defatted soybeans that have undergone only a minimal heat treatment so that the protein is close to being native or undenatured. Soybeans are processed into three kinds of protein-rich products; soy flour, soy concentrate, and soy isolate.

Soy products are commonly included in companion animal diets as a source of Crude protein and (or) amino acids.

Their benefits include:

  • They are an economical source of protein;
  • They are readily available and of consistent quality;
  • They are palatable to the animal as demonstrated using standard palatability tests;
  • They have a balanced amino acid profile that complements the amino acid pattern of cereals like corn;
  • They improve diet texture;
  • In vegetarian diets, they can serve as the major protein source;
  • They serve as a source of dietary fiber; and
  • One in particular (textured soy protein) retains its appearance (i.e., looks like meat) after canning.

The benefits of purchasing the product are as follows:

Faster way of making transactions

Assurance that the product will be delivered on-time Since it is online, payment is made in various forms Convenience in the part of the consumers (pet lovers)

Differentiating attribute

The fact that the product is made out of natural soy is already a differentiating attribute. Soybean protein has been shown to be of high quality when evaluated in complete and balanced diets fed to dogs and cats. It is inadequate in sulfur-containing amino acids, so other protein sources or supplemental amino acids must be added to pet foods containing soybean products to achieve proper amino acid balance. Soybeans contain many antinutritional factors but, fortunately, extrusion and canning conditions inactivate most of them. However, the oligosaccharides – stachyose, raffinose, and verbascose remain in soybean products like soybean meal.

In addition, the fiber fraction of the plant travels with these products as well. It is not well established exactly how much flatulence results from the presence of the soy oligosaccharides in pet diets, but there is no question that the feces from animals fed soy products contain greater moisture concentrations and is more voluminous. This may be the greatest obstacle in promoting the benefits of soy product inclusion to pet owners. Many health benefits have been attributed to soy consumption by humans, but these have not yet been studied using the companion animal.

6.2  Production and Operational Process

The soya milk maker, SOYCOW, proposed above consists of one system that combines a grinder, mixer, boiler and a filter. By putting in soya beans and water as raw materials, the system does the processing of soya beans into milk. Note that from one kilo of soya beans  you can get seven liters of milk. The highest output in food processing! One soya milk maker machine, SOYCOW produces 45 liters per hour of soya milk. One tofu maker produces 50 kg of tofu per day. The soy milk produced with Prosoya’s advance technology has a mild cereal like flavor and a smooth mouth feel with excellent soluble protein without any “beany-off flavor”.

This is achieved in the processor by cold grinding of properly soaked soybeans in water without air, pressure cooking the resulting slurry with culinary steam and separating the soy milk from the undissolved solids (okara) in a filter press. The basic soy milk thus obtained is absolutely free from any chemical impurity and can be easily formulated into tasty cold or hot drinks, or further processed to produce tofu, yogurt, frozen desserts and a variety of other products. Major suppliers for components such as calcium carbonate are wholesale chemical stores.

The soy beans (non-genetically modified) arrive, minus their pods, in very tall and very  heavy bags. The beans are grinded down and cut with water until a liquid mixture is achieved. Flavorings, sugar and vitamins will later be added and the blend will be homogenized. It will then be cooled back down and stored until packaged. The containers are coded with an expiration date and head off on a conveyor belt for the warehouse to await being picked up.

The production process for taho involves: Acquisition of Raw Materials; soaking soybeans overnight; grinding soybeans; Stewing and straining soy milk; Adding calcium carbonate; Adding fruit flavors; Packaging and Putting in Refrigerator.

As for tofu, after straining the soy milk, it will undergo continuous pressing for half a day until all liquids are strained. Then it will be cut to smaller parts, pack and put in the refrigerator.

For soy milk, there won’t be calcium carbonate involved. After straining the soy milk, flavorings will be added.


The main equipments that will be purchased in order to produce their products are as follows: Grinder, 2 Refrigerators, 1 Chiller, Casserole, Measurement and cooking utensils.

Raw materials include among other soybeans, fruit flavors/extracts, sweeteners like white sugar, artificial flavoring like vanilla, calcium carbonate, calcium sulfate, white gulaman, vitamins and sago.

Waste disposal will be taken care of by the weekly garbage trucks and a sewage system that is not environmentally invasive.

6.3  Business Location and Infrastructure

The location has been re-evaluated to a cotton ginnery and oil-mill industrial complex 40 meters off the Mwanza-Shinyanga road. An initial study of estimates and quantities places the required housing area for plant, machinery and storage facilities at around 40 square meters. The industrial space is large enough to accommodate a soy plant and is close to where the partners reside.

The rental is not as substantial as would befit any central city location. The proximity to reliable transport services and infrastructure will contribute to cost savings as well as secure storage and availability of water and power utilities. However, the location is intended to be temporary at least until the business breaks even and is able to cover its rental expense at which time a rental space close to soybean sources will be considered.

The building has, in approximate order of importance, a (sealed epoxy) concrete or tile (including quarry tile) floor with good pitched floor drains, plenty of pure, cold water from a 1 ½-to-2-inch main with 80 to 85 psi, a high (12-foot) ceiling, a walk-in cooler and adjoining elevated loading dock, 3-phase 220-volt, 200 to 400-amp current, smooth walls, plenty of windows, good ventilation and good road access.

6.4  Labor and Skills requirements

The unit will employ 3 to 4 semi-skilled people to run the milk and tofu segment. A strategist/technician and plant operators numbering 3 would manage the integrated plant. I will assume the role of CEO assisted by a manager in administration and finance. In the consolidation phase, Soya Delights expects to employ 5 more staff especially with regard to the developmental stage oil segment.

Direct labor

The proper workforce number will give confidence that production will meet market demand. The business will employ 4 Vendors, and 2 Operations Workers. The vendors will distribute products to retail outlets. The operations workers are involved with the production and manufacturing division. The compensation of production workers and employees will be based on the prevailing minimum rate in accordance with the Ministry of Labor, Employment and Youth Development.

Appraisal of work will be done and benefits will be given for excelling personnel to encourage efficiency of labor. The organizational policies state that part-time production workers will have 15 working days monthly. The full-time employees including the owners/managers will have an 8-hour working day and twenty working days in a month.

6.5  Utilities availability and Reliability

Power requirements are very moderate (about 1.5 KVA). One critical requirement is availability of good quality portable water for the process needs.

Shinyanga houses the electrical power grid that supplies most of the northern zone and this central hub features in the thick of industrial installations. The location is no more than 10 kilometers from the Shinyanga airstrip. Fresh water is available in bulk quantities through the Lake Victoria project that extends water to those areas, and large wells exist to complement the available supply. For the proposed product mix 150Kgs per day (36 tons per year) soybeans are required. Considering present production levels, availability is assured.

6.6  Capital Requirements

Capital equipments that will initially be procured include the Soycow, a tofu maker, 2 freezers, a vacuum packing machine, retort and bottling equipment.

Plant and machinery consist of, cleaning equipment SS tanks, grinders, filters, SS mixers, boiler, refrigeration plant and packing machinery. Turn key plant/systems/components supply is possible in the long run and would include hydraulic bean conveyors, bean soaking towers, washing/de-watering augers, two-stage grinders, steam injectors, continuous cookers, vacuum deodorizers/coolers, centrifugal extractors, okara conveyors and dryers, evaporators, and spray dryers.

6.7    Implementation Schedule

CategoryActivitiesPeriod length
LaunchBusiness registration, licensing and incorporationOngoing
FundsSecuring initial capital through sources3 months
ProductionSite preparation, machinery importation, product planning, personnel recruitment and board assembly2 months
NicheIntensive marketing and research1 month
ProductionOperational processes 
MarketFirst sales 
AccountsPublishing of audited accounts for internal and external use2 weeks
LiabilitiesFirst wave of credit repayment1 week
ProfitsDividends or reserve accumulation1 week
ReviewPerformance evaluation on initial campaign, development1 week


7.1  Management Description and Responsibilities

The founder hopes to influence major decisions by retaining a controlling interest in the firm and will oversee crucial matters including but not limited to accounts verification, market differentiation, product pricing, charity programs and expansion moves in coordination and consultation with relevant managers and advisory board members. The marketing and sales managers will have his hands occupied with brand promotion, product advertising,  developing selling concepts and fostering customer goodwill and favorable public relations.

The Chief Accountant will be directly responsible to the equity holders whose involvement with internal control, preparation of financial statements, internal audit and payroll functions will be checked and evaluated by the CEO, equity holders and board members and where necessary an external audit firm shall be subcontracted. The production and operations manager will supervise all production processes, raw material purchases and stocking, quality tests on product, and suggest avenues for improvement.

Management Principles and Business Areas

The management principles of SOYA DELIGHTS LTD will be based on the following three pillars:

  1. To pursue the fundamental principle “consumer-oriented”,
  2. To promote the international exchange of food culture, and
  3. To become a company whose existence is meaningful to the global society.

We believe that the future performance and prosperity of SOYA DELIGHTS LTD will be a direct result of customer satisfaction.

Based on this conviction, SOYA DELIGHTS LTD will pay keen attention to the opinions of consumers and closely observe the market in order to offer products and services that will be of value to them.

Moreover, as a manufacturer of food products, our fundamental mission is to offer consumers a stable supply of safe and high-quality products at a reasonable price. Moving forward, we will continue our efforts in this area.

Medium-Term Management Plan

We have adopted a medium-term management plan covering the period from fiscal 2013 to fiscal 2015. However, there have been unexpected changes in currency exchange rates and raw material costs since the time this plan was formulated (October 2011). Considering the impact of these factors, we are in the process of revising this plan.

Long-Term Management Strategy and Key Topics

SOYA DELIGHTS LTD has established “Global Vision 2020”. This plan expresses our vision for the future of the firm and the basic strategy for reaching our goals by 2020.

Vision for the Future:

  1. Make Soya Delights Silk (Soy Milk) a truly global beverage
  2. Become a company that supports a healthy lifestyle through food
  3. Become a company whose existence is meaningful to the global society Basic Strategy
  4. Global soy foods strategy
  5. Global strategy for African food wholesale
  6. Health-related business strategy
Basic Approach to Corporate Governance

SOYA DELIGHTS believes that responding accurately to changes in the business environment, and bolstering management of the firm as a whole to raise corporate value, are fundamental to the success of managing a company that meets the demands of its shareholders.

At the same time, one of our most important priorities is executing sound governance to fulfill our corporate responsibility to our stakeholders.

Corporate Governance Framework

SOYA DELIGHTS LTD plans to be organized as a “company with auditors”, as defined under Tanzanian corporate law. We will take steps to improve and enhance our corporate governance framework with the aims of realizing greater management transparency, clarifying responsibilities, accelerating decision-making, and strengthening management oversight.

We plan to introduce a corporate officer system and delegate authority to the officers with a view to clarifying responsibilities and accelerating decision-making processes. During maturity, we plan to elect outside directors, and establish a Nominating Committee and Remuneration Committee. These actions are designed to achieve greater management transparency and strengthen management oversight.

The firm also plans to expand and shift to a holding company structure in the next 7-10 years. By enhancing value creation in each of the operating companies, and through the rights and responsibilities of those companies under the management strategy newly formulated, corporate value of the entire firm will be maximized.

Enhancing Internal Control Systems

Establishing an internal control system that ensures proper implementation of operations is an important compliance issue. Based on this belief, we intend to make efforts to enforce a framework that ensures effective and efficient operations in line with applicable laws and regulations.

In order to enhance internal control systems, we plan to establish an Internal Control Department.

7.2  Organization Structure

soy milk sample business plan organization structurePin
Job Title: Owner and CEO

Job Description: He performs all the functions of the general manager and has knowledge in different fields of management.

  1. Takes responsibility for the overall operation of the business.
    1. Formulates the goals and objectives of the business.
    1. Ensures that the operations of the business are correctly implemented in accordance with the policies and goals of the company.
    1. Implement the organizational policies on a day-to-day basis to ensure that objectives are met.
    1. Retains overall accountability.
  • Approves and disapproves all recommendations and suggestions from other managers.
    • Promotes coordination between other managers.
    • Calls for a weekly administrative meeting.
Job Specification
  1. Must have the qualities and skills of a good leader.
  2. Hardworking and committed to his work.
Job Title: Marketing, Public Relations and Sales Representative

Job Description: Under the supervision of the CEO, he/she performs the following functions:

  1. Formulate strategies and alternative strategies in accordance with the goals and objectives of the business.
  2. Takes responsibility for the making of advertisements and promotions.
  3. Responsible for supplies management.
Job Specification
  1. Must have good communication skills.
  2. Familiar with the labor Code of Tanzania.
Job Title: Chief Accountant

Job Description: Responsible for making source documents.

  1. Responsible for recording of transactions in the special journals and making adjustments and worksheets.
  2. Maintains or updates the balances of books at least a month and the subsidiary ledgers.
  3. Prepares the financial statements every year.
  4. Responsible for filing income tax.
Job Specification
  1. Computer literate.
  2. Good communication and writing skills.
Job Title: Production, Research and Development and Quality Assurance Manager Job Description:
  1. Responsible for assisting the needs of the customers.
  2. Monitors and controls the activity of the workers.
  3. Responsible for employing employees who will do all the hard work- extracting soy milk from soy beans, solidifying soy milk through the hydrogenator, packaging the products, and transporting products.
  4. Responsible for the maintenance of machineries and equipment.
Job Specification
  1. Good communication skill.
  2. Must be approachable.
Sales and operations staff

Job Description:

  1. Responsible in making arrangements to consumers.
  2. Responsible for listing all delivery requests, and attending to the needs of the consumers when they make orders.
  3. Extracting soy milk from soy beans, solidifying soy milk through the hydrogenator, packaging the products, and transporting products.
Job Specification
  1. Must be approachable, with good communication skills, willing to learn and hardworking.
  2. Must be intelligent and be able to work under pressure.

7.3  Company Ownership

The odds of securing a bank loan in lieu of investor equity are at best average. As much as 60% of the company’s equity will be up for grabs but I plan to regain a controlling interest – 40% percent – i.e. become majority shareholder besides the effects of dilution. Soya Delights will be set up as a private limited liability company rather than the limited partnership model that is still uncommon. Among other advantages of this setup, in case of insolvency, the liability involves only the business’ assets and not each partner’s personal properties.

7.4  Board of Directors

The firm looks forward to incorporating seasoned, reputable and connected industry gurus. Mr. XX, a well established business man and shrewd industrialist is an invaluable gem as far as management, marketing, advisory and expansion initiatives are concerned, having engineered a corporate mammoth that boasts a diamond mining firm, a school, a conglomerate of businesses in construction, agriculture and energy; see-sawed along political playgrounds.

The team hopes to enjoin Mr. XXX into the board, having recognized his potential in marketing and sales. His presence in the services sector and petroleum and its derivatives is markedly important. Mr. X is an expert in the agri-business sector and has decades-long experience in farming of cotton, millet, paddy and other cereals; seed development, cotton ginning, oil milling; construction works, animal husbandry and motor works.

7.5  Support Services

Soya Delights hopes to acquire the legal and commercial expertise of several individuals namely, Mr. Magoma, an equity consultant and stocks advisor based in Mwanza, Mr. Ahmed Ally, a recent law graduate from the University of Dar-es-salaam (UDSM), and an agri- business graduate from the Sokoine University of Agriculture (SUA).


8.1 Basic Assumptions

Recommended and generally accepted rates have been used for depreciation. Capital investment costs have been priced in US dollars while product pricing is based on the Tanzanian currency. An average exchange rate of 1600 TZS for one USD has been used. Product and raw material prices have been adjusted for an inflation rate of 12% and priced comparatively to recent market trends. The current corporate tax rate of 30% has been used.

Forward-Looking Statements:

Statements made in this annual report with respect to SOYA DELIGHTS LTD’s present plans, outlook, strategies and projections regarding future business results inherently involve risks and uncertainties. Potential risks and uncertainties include, without limitation, general economic conditions, conditions in the company’s business domains and exchange rates.

Please be aware that actual results could differ significantly from forecasts because of these risks and uncertainties.

8.2 Capital Investment and Cost Schedule

Capital Investment

 Capital ItemsQtyUnit CostTotal Cost
1Soycow2USD 5500USD 11000
2Vita Goat1USD 4500USD 4500
3Tofu Maker2USD 500USD 500
4Refrigerator2USD 600USD 1200
5Soybean integrated processing unit1USD 15000USD 15000

8.3 Depreciation Schedule

Buildings4%Storage and operation
Plant, equipment and machinery12.5%Soy milk maker, tofu maker, Refrigeration facilities

8.4 Sources of Funds and Financing Plan

Estimates point to about 35,000 USD as initial capital investment. Besides grant or donor- based offerings, Soya Delights is confident of attracting equity investments from interested venture capitalists. Bank credit avenues will be pursued but only as far as lending conditions and rates prove affordable and rewarding over alternatives.

Financial obligations for a small-startup will constrict resources and choke liquidity with insolvency looming in the worst-case scenario. This and high lending rates mean that we won’t pursue borrowing at least not in the launch stage.

8.5 Financial Risks

No business is risk-free and Soya Delights anticipates some of the following risks: Competitor down pricing as far as substitutes are concerned; Raw materials availability becomes harder and therefore pricier; Investment Quantities exceed estimates and Anticipated demand fall shorts of expectations.



SOYA DELIGHTS LTD is developing business in various areas countrywide and aims for sustained business development. A decline in demand for the products and services that the firm provides, due to worsening economic conditions in areas where the firm is doing business, a change in consumers’ tastes or values held as regards products, the emergence of new business competitors, or other factors, could result in lower sales and earnings and thus adversely affect the firm’s business results and financial position.


Should any disruption in business activity arise where the firm does business due to unexpected events such as war, terrorism and changes in politics or society, it could adversely affect the firm’s business results and financial position.


Should any emergency situation beyond expectation arise, such as an earthquake or other natural disaster, the wide scale spread of an epidemic, or a major accident, resulting in damage to manufacturing, logistics, or other facilities, or difficulties in the procurement of raw materials or energy, or in securing the required personnel, such events could reduce the firm manufacturing and sales capabilities, and could thus lower sales and earnings. In addition, cost increases including expenses incurred to restore facilities and the procurement cost of raw materials, energy and other resources, could adversely affect the firm’s business results and financial position.


Exchange rate fluctuations could affect the provision price of products and services denominated in foreign currencies and the procurement cost of raw materials and products purchased by the SOYA DELIGHTS LTD. The firm uses various techniques to mitigate and avoid foreign currency exchange risk, but changes in currency markets could adversely affect its business results and financial position.


Some raw materials used by the firm are subject to the effects of commodities market conditions. The soybeans, soybean meal and wheat used in the mainstay soy sauce product are subject to the effects of conditions in international commodities markets. Fluctuations in crude oil prices could also affect manufacturing and delivery costs for PET bottles used to package the firm’s products and other products. A rapid increase in market prices for these materials could lead to higher manufacturing and delivery expenses and thus adversely affect the company’s business results and financial position.


SOYA DELIGHTS LTD owns a variety of assets, including real estate used in the course of business operations. Should recovery of the firm’s investment in such assets become unlikely due to a decline in market value or a decrease in profitability, the assets will become liable  for asset impairment accounting. This could adversely affect the firm’s business results and financial position.


The company plans to trade in marketable securities with fair market values. Should there be a significant decline in the market value of these securities, this could adversely affect business results and financial position.


The firm sells beverages such as soy milk and vegetable beverages that are subject to the effects of weather. In particular, a cool summer could result in lower sales of these products, and thus adversely affect business results and financial position.


The firm will work to strengthen its quality assurance and quality control systems based on the fundamental mission of providing high-quality products in a safe and stable manner.

Nevertheless, in the event that an accident occurs in connection with one of its products, including as the result of a chance occurrence, or in the event that a situation beyond the scope of the firm’s initiatives arises, this could adversely affect business results and financial position.


Many groups are acquiring industrial property rights, including patent rights, utility model rights, and trademarks, as necessary with respect to the technology they develop. These intellectual property rights have many advantages from an operational perspective and are thus regarded as an important management resource.

Firms with similar rights or technology that is superior to Soya Delights LTD could result in the firm losing its competitive advantage, which could adversely affect its business results and financial position.


The firm expects to form alliances with other companies in specific fields of business. Going forward, to utilize resources as necessary from outside the firm, the firm may form strategic alliances, including equity-based alliances and corporate acquisitions. However, the inability of the firm to carry out its business plan as expected after forming an alliance or conducting an acquisition could adversely affect the its business results and financial position.


In Tanzania, SOYA DELIGHTS LTD is subject to laws and regulations such as the Food Sanitation Law and the Product Liability Act. In addition, the firm will be subject to the laws and regulations of each country in which it develops business. Changes to these and other laws and regulations in the future could restrict the firm’s activities, and thus adversely affect its business results and financial position.

8.6 Analysis of Financial Results

The business will position itself to acquire a net worth a little over 70 million TZS. The business is forecast to be liquid enough after a year in operation with nearly 25 million TZS. The net profit margin falls just short of 20%.


9.1  Funding Requirements

The project requires at least USD 35,000 to begin operations sustainably and efficiently as well as cover immediate cash requirements. The owner is looking to secure investments from venture capitalists interested in the marketability of the concept. In order to maintain controlling interest, up to 60% of the company’s equity will be available for investors with a limit on 30% of ownership of such participating interest. This contractual arrangement will bear a buy-out clause should the owner deem it necessary and profitable on his part to retain complete ownership of the business.

This exit strategy is not too binding considering the realistic chances of securing a sufficient bank loan as well as opportunities for investment and expansion. At least 80% of the capital invested will be used up in purchasing capital equipment while the remainder will be put up into initial operating expenses. The equity holders will be incorporated with a sleeping partner status or active status depending on their level of contribution and reach as far as the agri-sector is concerned. Profits will be shared according to capital contributions and so will losses. The firm will operate under a limited liability clause. The winding up will be settled through terms agreed upon in the Partnership Agreement.

Basic Policy on Distribution of Profits

SOYA DELIGHTS LTD considers its shareholder dividend policy to be a key management issue. Our basic policy will be to reward shareholders with a distribution of profits, backed by strong financial performance, while using funds to strengthen the company’s corporate foundation and future business.

In the long-term, we will deploy internal reserves in ways that create robust corporate value. Our future plans include market and strategic investments to expand our national and international operations; streamlined production facilities; research and development targeting new businesses; and the cultivation of new demand.

Outlook for the First Fiscal Year

In the country, we believe it is important to maintain stable growth in soy milk. We will focus on increasing the opportunities for consumers to use soy milk and its derivatives in existing markets by strengthening our development of recipes.

Also, we aim to develop new markets by targeting consumers who have not used soy foods. In addition, we will foster new business beyond the soy milk segment by implementing initiatives in health food.

We will classify various areas of the East African region according to market characteristics, and then develop sales strategies attuned to these areas.

In the Foods–Wholesale business, we will continue to take advantage of the increasing interest in oriental foods to achieve strong growth in every region.

In the field of home-use soy sauce products, we will increase sales of high value-added products, such as Shoyu (premium soy sauce), and focus on providing a greater proportion of high value-added products. In the food service and industrial-use sectors, in addition to continuing to provide safe, high quality products, we will also further our efforts to leverage the company’s collective strengths by providing technical support and other services.

In food products, we will strive to extend our market share by further expanding sales of tofu, miso, tempeh and dipping and marinade soy sauces.

Within beverages, we will work to achieve growth centered on soy milk, the pillar of this business segment, and aim to expand sales by actively developing new beverages under the Delisoycious brand.

9.2  Statement of Cash Flows

See accompanying document- PDF document

9.3  Statement of Financial Position (Balance sheet)

See statement of financial position- PDF document

9.4  Statement of Comprehensive Income (Income statement)

See Income statement- PDF document

9.5  Statement of Changes in Equity

See changes in equity- PDF document

9.6  Notes to the Financial Statements

See notes to the financial statements- PDF document

Corporate Data for Sample Business Plan

Name – Soya Delights LTD

Legal Form & Listing – An Unlisted Private Limited Liability Company

Proposed Registered Head Office – Industrial Complex, Shinyanga-Mwanza Road, Tanzania

Proposed Date of Establishment/Incorporation – January, 2013

Paid-in Capital – 35,000 USD

Number of Employees (Expected) – 10 (As of December 31, 2013)

Firm’s Business Activities – Soybean Processing


  • Shoyu, Leso shoyu, Fraw shoyu (soy sauces) etc.
  • Dipping and marinade sauces to use as seasonings, etc.
  • Soy milk beverages, soy yogurt etc.
  • Soy ice cream, fermented soy foods (miso, tempeh) etc.
  • Soy flour

Board of Directors and Officers Corporate Data
Board of Directors and Corporate Auditors
Honorary Chief Executive Officer and Chairman of the Board of Directors


Commercial Lawyer
Equities Consultant
* Representative Director
** Independent Outside Director
Corporate Officers
President and Chief Executive Officer

Corporate Officers
Senior managers
Secretaries & Registrars
National Microfinance Bank PLC


Hopefully, you’ve enjoyed this 2-part series on drafting the perfect plan with this sample business plan for a soy milk processing plant. Download the full plan here in PDF format and financial statements here.

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3 thoughts on “An interesting sample business plan – Part 2: Build a soy milk processing plant”

  1. Congratulation for a really good work ! Its now August 29. 2020, and I would like to know how the work is progressing, I would like to know, since also I plan to open a plant milk enterprice ! If you can I would appreciate a word from you !
    Best regards !

    • Hi Zeo, we have a client who’s currently implementing a modified version of this plan. There’s definitely a market for this if you’re interested. All the best and let me know if you have any questions.


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