Alexious:


Ok, Good afternooon, it depends on what you want to do. I mean do u want the transport company to manage ur vehicles? or you want to register with an association like NURTW ? u can call me on 08167997364. I own a transport company too.

I want the transport to manage it for me

I will give you a call this is my 08067417582

ak22:


I want the transport to manage it for me

I will give you a call this is my 08067417582

ok, will be expecting ur call

From my experience in transport business.

start it only if you want to drive the car yourself. if not, my brother and sister, RUN for your life. The business fit give person hypertension especially when you tell your driver to be bringing money daily, these people(drivers) are heartless oo. na their own pockets dem go first hussle for before remembering the owner. if your driver start work since morning and he called you for like afternoon say car spoil, e fit b say na #500 him go give u since morning wey him don start work oo, him go don see his own. na u go fix car which means money no dey 4 dat day.


investors are even running from this business because it doesn't pays like before.

Nowadays drivers have spoiled everything

honayoplenty:
From my experience in transport business.

start it only if you want to drive the car yourself. if not, my brother and sister, RUN for your life. The business fit give person hypertension especially when you tell your driver to be bringing money daily, these people(drivers) are heartless oo. na their own pockets dem go first hussle for before remembering the owner. if your driver start work since morning and he called you for like afternoon say car spoil, e fit b say na #500 him go give u since morning wey him don start work oo, him go don see his own. na u go fix car which means money no dey 4 dat day.


investors are even running from this business because it doesn't pays like before.

Nowadays drivers have spoiled everything

yea that is true, but with proper management, some of the ills can be mitigated

Alexious:


yea that is true, but with proper management, some of the ills can be mitigated

My brother I managed this business to d extent that i know dey give mechanics money to buy spare parts for me . Drivers are just too heartless. Try invest your money in another business bro.

honayoplenty:



My brother I managed this business to d extent that i know dey give mechanics money to buy spare parts for me . Drivers are just too heartless. Try invest your money in another business bro.

Please, any suggestions on other business.

Earn good returns when we handle your truck.

Howo dump truck a good deal as low as N1m per month as high as N2m per month

contact us

Get your transportation business plan

Review of The Income Analysis
Invest in Trucking

A dump truck is expected to go at least a trip(traffic) of dispatching Granite to Lagos from Ibadan, Abeokuta or from Ijebu, basically due to road work going on Lagos - Ibadan expressway.

Cost of Truck
Used =N14,000,000
New = N27,000,000

Insurance Comprehensive plan is 5-6% per annum

Hence:
*For Used @average of 5.5% = N770,000 + N14,000,000=N14,770,000

*For New @average of 5.5% = N1,485,000 + N27,000,000 =N28,485,000

Per trip for Used Truck, the truck is paid between N60,000 – N80,000

Running cost per trip is around N20,000 - N35,000(include Driver's wages & Daily Ticketing)

Projected profit per trip in average= N50,000

N50,000 per trip x 6trips per week N300,000 per week

N300,000 x 4 weeks = N1,200,000 per month
This is monthly income within Abeokuta - Lagos

Yearly income = N1,200,000 x12= N14,400,000

Less 35%
Depreciation/Maintenance = N5,040,000

Annual Net Income=N14,400,000 - N5,040,000 =N9,360,000

Input in same in New trucks, the only difference is 15% Depreciation/Maintenance.

it is expected that profit target for used truck after 2years while new is 3years. The maintenance culture will increse by 10% after this years.

For more information contact us
+2348055545355, +2348032887233
https://www.nairaland.com/1226046/make-n200000plus-week-haulage-garnite/2

Transportation business is a money spinner in Nigeria. It is always good to understand transportation business before venturing into it.
This is what a Lagos transporter said.

https://www.youtube.com/watch?v=qgLxxjRR8lw

honayoplenty:
From my experience in transport business.

start it only if you want to drive the car yourself. if not, my brother and sister, RUN for your life. The business fit give person hypertension especially when you tell your driver to be bringing money daily, these people(drivers) are heartless oo. na their own pockets dem go first hussle for before remembering the owner. if your driver start work since morning and he called you for like afternoon say car spoil, e fit b say na #500 him go give u since morning wey him don start work oo, him go don see his own. na u go fix car which means money no dey 4 dat day.


investors are even running from this business because it doesn't pays like before.

Nowadays drivers have spoiled everything

You have a point regarding the selfish drivers, it's always about them. Nevertheless, people are still in the business. My taxi was just two when this thread was created, today, it is five now and I bought them as tokunbo.
One just need to have time and be ready to be in charge. By the way, I think it's time for me to look into inter cities now. Intra city is becoming over saturated in my state with all these yahoo boys buying 10, 20 mini buses at a go!

Alexious:


yea that is true, but with proper management, some of the ills can be mitigated

How far about your adventure in this sector of the economy so far?

maasoap:


How far about your adventure in this sector of the economy so far?

Well, it's been challenging. Covid delayed me getting investment in my brt business in Abuja. But we are registered and doing other services. We will launch our flagship private mass transit business soon by God's grace.

Alexious:


Well, it's been challenging. Covid delayed me getting investment in my brt business in Abuja. But we are registered and doing other services. We will launch our flagship private mass transit business soon by God's grace.

That's nice to hear. I will keep in touch. You're doing great!

maasoap:


That's nice to hear. I will keep in touch. You're doing great!

Thanks

Hi Alexious.

I saw a tread where you were asking for 11m to partner for transport biz. Why not start small and then build up from there. Though you seem to be good and sincere. Would have contacted if I have fund and live in Abuja.

This tread just reactivated my interest in transportation business especially inter-city. The last time I ventured to the business, intra-city in lagos, I got my fingers burnt. Hire purchase for that matter. I pampered my driver's but they still frustrated my effort. The two danfors were eventually sold off at a loss though with serious lessons learnt. If you are not on ground and always available, don't venture.

For hire purchase, ensure the driver drops nothing less than 20-30% of the total cost of vehicle before he starts. This will secure his commitment. People do not care whether they will own the vehicle at the end of the day. What the drivers are interested in, is to chop you dry starting from day one

Alexious:


Thanks

jerryprince1000:
Hi Alexious.

I saw a tread where you were asking for 11m to partner for transport biz. Why not start small and then build up from there. Though you seem to be good and sincere. Would have contacted if I have fund and live in Abuja.

This tread just reactivated my interest in transportation business especially inter-city. The last time I ventured to the business, intra-city in lagos, I got my fingers burnt. Hire purchase for that matter. I pampered my driver's but they still frustrated my effort. The two danfors were eventually sold off at a loss though with serious lessons learnt. If you are not on ground and always available, don't venture.

For hire purchase, ensure the driver drops nothing less than 20-30% of the total cost of vehicle before he starts. This will secure his commitment. People do not care whether they will own the vehicle at the end of the day. What the drivers are interested in, is to chop you dry starting from day one

Thanks boss

XaviDayo:
God bless you for this topic.

I will be starting my own transportation business come March and the plan is to buy two Golf 3 cars that will run imside the city I live. From experience, I know the divrs deliver 2 to 2500 daily and the car gets parked at your place as from 8pm.

I look forward to reading great insight from people who are already into the biz

hi, pls did you start the transportation biz, how was it, and how much did you get the Golf car. I'm saving to start the transportation biz likewise

We need Brand New Howo Dump truck to lease.

Brand New from China ₦28m all expenses inclusive
Brand New in Nigeria ₦33m

*We pay N1.7m for rent monthly for truck lease 2yrs deal, we are totally responsible for maintenance with Driver's wages.

*We pay 25% of fund invested in 2yrs, Payment twice a year.

shigoslim:
This is my exact thought as at today . I'm already planning to buy TWO DANFO for transport system in lagos and TWO MIKRA in Ibadan .
I just need a trusted driver, i heard that for DANFO in lagos oe can earn 10-15k daily which is not bad.
Thanks Oop for this information

How has the business been Shingoslim?

crunchyg:

Abeg how can 2500 a day give you 24k a week,which sch you attend?

He said he going to get 2 Golf 3 vehicles.

If you have a tipping/bucket truck that can work in Cross River, reach out to us on 0703 788 0547

Income price review upward
Monthly return for brand new truck is #100k per day or #3m per month

Chekitaut:
We need Brand New Howo Dump truck to lease.

Brand New from China ₦28m all expenses inclusive
Brand New in Nigeria ₦33m

*We pay N1.7m for rent monthly for truck lease 2yrs deal, we are totally responsible for maintenance with Driver's wages.

*We pay 25% of fund invested in 2yrs, Payment twice a year.

Chekitaut:
Income price review upward
Monthly return for brand new truck is #100k per day or #3m per month

What is the guarantee that you'll remit daily? And, does this everyday mean it is guaranteed that the truck will work daily?

Secondly, what is the guarantee that you'll maintain the truck properly since you're handling maintenance?

Can you explain the last statement? It's not clear to me.

mexxy1:


What is the guarantee that you'll remit daily? And, does this everyday mean it is guaranteed that the truck will work daily?

Secondly, what is the guarantee that you'll maintain the truck properly since you're handling maintenance?

Can you explain the last statement? It's not clear to me.

in as much your truck is tracked, you monitor movement from your comfort zone,
It works you get paid.
Repairs is not our responsibility, monthly service is our duty.

Brand new truck has no reason to be idle because there is steady delivery for it.

Only working days get paid for.
Our catchment area are Ogun & Lagos.

Order for your brand new, good condition used dump truck direct from China arrive in 60 days.
Brand New @ $44,000 or 305,000元(RMB) Landing cost to Apapa Port, Lagos Nigeria
Used @ $23,500(Landing cost to Apapa Port, Lagos.