₦airaland Forum

saaphiere:
Is Indian hemp legal?

https://thenigerialawyer.com/penalty-possessing-charms-in-nigeria/

http://www.commonlii.org/ng/legis/num_act/cca115/

GAZZUZZ:
There's a sequence to engine purchases.

Cc carshopper

Belurved1:
Pls open it and let's see interior part, then your contact. thanks

Carshopper:
SA

eyinola:
many PhD apply that year

radautoworks:
You need an OND to drive

finest0007:
Anyone knows a way to charter a car to transport a couple from Asaba to Lekki, Lagos?

Reason for trip is to run medical tests. Looking at a convenient mode of transportation as opposed to regular buses etc.

Contact on my signature. Thanks.

slimmoney:
Location?

wahwah:
650k

Carshopper:
SA

gnaira:
What model is this home theatre?

emmanuelewumi:
How many car did you start with?

I started with a 2012 Hyundai Sonata way back 2016/2017. Weekly rental 60k per week .... After 6months dropped to 55k then 50k .... 40...35...28...till 20k

How many do have now have in your fleet?

Presently say 10 cars

What was the seed capital used in starting the business?
Seed capital is relatively to the particular car you are buying. I make sure I don't exceed 1.3m buying a tokunbo car or 1m buying a 9ja used car

Have you being ploughing back your profits for the expansion, used additional external equity or debt, or you used a combination of retained earnings plus additional equity or debt for the expansion?

Now this is the tricky part... I use personal funds.
Now for me, Uber model isn't a sustainable investment so I don't consider it as an investment that will plough back profits - the LOSS rate is HIGHER than GAIN rate.


What is the average growth rate in the last 3 years?

Growth rate is ZERO if you are looking to plough back profits to grow the business and given some other KPIs

What is the average profit margin per annum after making provision for depreciation?
Profit margin is relative depending on model you choose to run

What is the average useful years of the cars in your fleet?
I try to use the cars for 3-4years, sell off and replace

Can the amount set aside for depreciation over the useful years of the cars, buy another car for replacement?

gnaira:
Are you in Lagos now??

maxdozie:
25k deal??

emmanuelewumi:
Really.

You should be able to answer the questions in less than 5 minutes.


This is a thread where we discuss different Investment opportunities and then make informed decisions from the discussions

emmanuelewumi:
How many car did you start with?

How many do have now in your fleet?

What was the seed capital used in starting the business?

Have you being ploughing back your profits for the expansion, used additional external equity or debt, or you used a combination of retained earnings plus additional equity or debt for the expansion?


What is the average growth rate in the last 3 years?

What is the average profit margin per annum after making provision for depreciation?

What is the average useful years of the cars in your fleet?

Can the amount set aside for depreciation over the useful years of the cars, buy another car?

iceque:
Yuu On Whatsapp?

Grupo:
@Enyinne, GAZZUZZ, @carshopper.

You people should come and share your Uber experience with this brother.

Man, it's good to be optimistic. But unrealistic optimism will get your fingers burnt badly.

Apart from those driving their own car, it's very very rare to see someone that has done Uber business consistently for 2 years.

iceque:
Location And Pics? Any Issues?

iListen:
Price and location

iceque:
Price?