₦airaland Forum

im also planning to go into transport business the company i work with just folded up but luckly for me i have a clean Toyota previal that i intend t



o use i have also gotten an experienced commercial driver that want to put me through for sometime before i will master their activities ,but i dont know the route we are to be plying now if you know of any good route you can advise

frozen70:
Transport business is an open business

Take a survey of the routes you want to ply

Check their union to know thier cost and requirements to be registered and be a member

Run the business yourself to know the nitty gritty of it

Look out for fuel stations with good pump price

Get a reliable mechanic that can be the only one to handle it

Be ready to do servicing of the vehicle at least once a month

After one good year evaluate the business and see if it Worth's it or not

This is one of the best way to prove if its a worthy venture

wow..very aptly said... Thank you very much

Emusan:
Since you're in PH where there is UBER

Buy correct Toyota Camry around 1.5-2m keep the remaining money in your account (or you can send it to me if you don't want) then register your car with uber and drive it by yourself.

I bet you if you hustle well, you will make nothing less than 50k a week excluding your feeding and fueling. Since you're

Thank me later

Lol

judility:
Is lucrative, but I will advice you to instead used the money and buy fairly used tiper, the one of benz head 6tires, and see money flowing like water, doo you need to learn how to drive it first, that's my advice

hmm.. that is a different pattern of business entirely.. Do you mind to elaborate a little on it.

Okay I've been unbanned now

It's a lucrative biz I can assure you but only when you are actively involved in it otherwise you may end up opening a biz for your driver and at end not getting any thing in return.

Firstly, you have to go back and research on the model of Toyota bus to buy. There are type of engines that Toyota bus come with and there are ones that are transport friendly and cheap to maintain.

Secondly, check if their is any model that is more fuel economy because fuel economy is the bedrock of transportation.

Thirdly, check the number of trips those that are already in the biz cover per day. Also check the passengers turnout on the route.

Fourthly, check the total overhead expenses per trip because in Lagos for example, if you load your bus in a park,you may end up leaving the park with 2/3 of the total passengers money before you talk of fuel and other settlements on the way like police because I know that there are so many police check points along that route

Lastly, check the state of the road.

All these has to be thoroughly investigated because a single mistake will ruin the biz.

But if you have Uber in PH, it's better you use the money and buy two cars .

Drive one and give one out to a driver.

#100k is guaranteed every week.

I am assuring you that and you will still look clean like a banker.

EzendiEgo1:
Can we partner

hmm what are your terms

Augustine8825:
I am currently prepared to enter into Transportation, you can partner with me let's do it together since i am very experienced in the business. I have a registered company under CAC to run a transportation business. transportation business is very lucrative whether you are to drive for yours or someone is to drive for you, or you need is to acquire the skills to manage the business. [color=#000099][/color]

Op, pls run for this guy like mad.

I was in a similar situation like yours and met someone on here who gave me similar promises only for him to start misbehaving. In the end, he turned my bus to scraps.

Please run as fast as u can from

go do street
2.1m every month
u wan go buy lexus es dem abi
i pray make e b 2.1m per month o.
u go settle agbero
highway coti
motor park
unless u wan build park like god is good
4trips a day. so u go sleep for steering ba

I don't know much about transportation within tertiary institutions. Am sure this will only apply to institutions with multiple campuses, or very large campuses that require keke. The income may not be good enough, but like I said, I don't know much about that area of road transport.

Thunday1005:
thinking of entering the transportation sector, but not inter states transportation but within tertiary institutions...
What ur take on it.

Augustine8825:
I am currently prepared to enter into Transportation, you can partner with me let's do it together since i am very experienced in the business. I have a registered company under CAC to run a transportation business. transportation business is very lucrative whether you are to drive for yours or someone is to drive for you, or you need is to acquire the skills to manage the business. [color=#000099][/color]

okay what is proposal

Nice one... But I think you target for the worst situation. Even if you make 30000 per day you can still make more than the cost money in 6months.
So,just make out your time to drive it for atleast 6months,then give it out and be collecting 20k or 15k daily .

anigbajumo:


I dunno about bus but truck,am a truck transporter but wait, u wan make 2.1 million naira monthly?? I laugh @this guy level of ignorance,We truck transporter barely made 500k per month not to talk of million.

better sell off that truck

Ten06:
Guy let me put it clear to you, you are just building castle in the air. Yes, it's #1000 per persenger from Bayelsa to PH but you should understand that your bus will not be the only one on the route, when you get to the park you will see other drivers already on queue waiting to load, and for now if you manage to load one trip to PH and back you will thank your God. Moreover, immediately you load your bus in the park you are to pay commission to the park management, that is if you load #15000 you will pay not less than #3k and also pay some money to the touts that help you to shadow the bus and pay for local and state tickets before you will be allow to leave the park. If you don't pay when you return your bus will be impounded and fine paid before you will get your bus.
In conclusion, apart from the loading from the park there other busses that pick passengers along the road that also make it difficult to get enough passengers in the park. So do a thorough research and look before you leap. Thank you

interesting...you've given me a very realistic analysis of this business... Thank you for this

Transportation business is lucrative, I have done my research as well provided your manage it yourself.

Forget graduate thing, this is money matter. However, your calculation was too raw, this is metals running every day, fault can be developed any time.

First and foremost, take out comprehensive insurance which is about 5% of car value.
Do tracking which is about 35k a year.
Servicing every 4000 km driven. That should cost you around 8-10k, assuming you are using good oil.
Cost of registration at the park and daily ticket levies. You have to find out.
Police payment can't be daily, so set aside a small sum.
Set aside monies weekly for repairs, maintenance and emergencies.

Redo your calculation.

Good luck.

Ten06:
Guy let me put it clear to you, you are just building castle in the air. Yes, it's #1000 per persenger from Bayelsa to PH but you should understand that your bus will not be the only one on the route, when you get to the park you will see other drivers already on queue waiting to load, and for now if you manage to load one trip to PH and back you will thank your God. Moreover, immediately you load your bus in the park you are to pay commission to the park management, that is if you load #15000 you will pay not less than #3k and also pay some money to the touts that help you to shadow the bus and pay for local and state tickets before you will be allow to leave the park. If you don't pay when you return your bus will be impounded and fine paid before you will get your bus.
In conclusion, apart from the loading from the park there other busses that pick passengers along the road that also make it difficult to get enough passengers in the park. So do a thorough research and look before you leap. Thank you

Also what exactly am I paying the touts and agberos for...i thought my business is only with the park workers?

Gagare1:
Brother, the transport business is very lucrative if, and only if, you drive your vehicle yourself. I owned a sharan minibus about a year ago, and I can confidently tell you that I made about 10,000 naira daily travelling from Kano to Abuja (Zuba) and back. This figure is after fuel, union, men in black, and meals are accounted for. I placed myself on a daily salary of 3,000 naira while 7,000 was kept for business expansion. I lost the vehicle barely two months after buying it when my brother condemned it in an accident due to recklessness. Transportation is good, lucrative and without chains from bosses if you manage it yourself. But if you get a driver, that person can ruin you completely. I learnt this lesson the hard way. Now am back to square zero (unemployed) because my NYSC savings was what I used to buy the vehicle.

I do sympathise with you. You shall rise again. I'm into intra-city minibuses business, less prone to serious accidents but daily income is low unless you're driving one yourself. I don't drive.

redsun:
Death trap roads will destroy your vehicle in no time,no matter how careful you are. Coupled with unruly traffic regulations,policing and touting.

Nigerian infrastructures,mindsets and policies are too primitive for the 21st century vehicular activities.

yeah..thats why I chose to ply from port-Harcourt to bayelsa at least the roads are fairly manageable there.

The Nigerian system is really not encouraging

Tissue:
the thing about uber is that it is not in my state.. So doing uber would mean I would have to travel to Lagos or Abuja... I don't think I'm cool with that at the moment

You can bro especially in Abuja

Since you have up to 3.3m, you can get self contain of 150k (though I don't know if you have family) in Abuja and a car around the said previous price.

Then you're good to go!

Nice calculation out there . If that is how the interstate transportation is very lucrative , I for don flood the business with 6buses for a start.

CORRECTION.

From Port Harcourt to Yenagoa via bus is N500 along the road & park is N700 but many masses prefer along the road because of sharp sharp movement.

Union ticket per a Trip is N1000 whether you load from park or along the road.

Minimum fuel cost per trip is N1500.

Conductor fees per day should be around N1500/2500.

Checking point joint is 4 during daylight & 5 during night which translate to total sum of N500 to oga police pocket

So total expenses per trip will be around N3000/N3500.

So from my analysis , your profit margin should be N20000/N25000 that gives you N600k/750k per month. Then reserve at list N50k/60k for monthly maintenance.

Lastly your net profit margin per month should be around N550k / 700k.

Sir later make I face my white rice with fresh fish pepper soup dinner

TissuePaper:
Please nairalanders I need you guys to share your views on how lucrative you think the transportation sector is, especially the gurus in the business.

I'm thinking of buying a fairly used Toyota Hiace bus which costs about 3.5 million naira and I think it's a fair deal considering the profit I think I'll be making every day.

The bus should have 18 seats so that gives me 18,000 naira per trip, I'm thinking of plying interstate from port-Harcourt to Bayelsa which costs 1 thousand naira per person.

Therefore, if I can be able to make 4 trips in a day that gives me about 72000 naira returns everyday, giving me about 2.1 million naira per month.

Pardon me... I just did this little mathematics out of naivety as I do not really know the complexity of the transport sector, that is why i need your views, opinions and advice so that I don't hurt myself in the end.

However, if everything is as it seems then I think I would have to invest massively in the transport sector smiley

Annibo21:
Nice one... But I think you target for the worst situation. Even if you make 30000 per day you can still make more than the cost money in 6months.
So,just make out your time to drive it for atleast 6 months, then give it out and be collecting 20k or 15k daily.

Impossible

1. Don't buy Nigerian used
2. Never ever employ a driver.
3. Be prepared for all sorts of insult.
4. Get a specialized mechanic
5. Alway do maintenance ration
6. Give wat belongs to ceaser to ceaser.
7. Have a target, it helps u stay focused n motivated.
8. Prepare for the worst.
9. Pray always
10. Always have extra key.
11. Avoid using big fone at work.
12. Never over burden ur bus no matter wat.
13. Never over burden ursef but feel free to push ur limits.

Wish u d best!
Disu Oyebola

Amen my brother. Thank you for your kind words. I am working hard and believing that I can rise again, even beyond my initial target. If I can pull through out of deep depression (even suicidal) then there is no mountain that I cannot overcome. I am working hard and smart. What doesn't kill one only makes one stronger.

maasoap:
I do sympathise with you. You shall rise again. I'm into intra-city minibuses business, less prone to serious accidents but daily income is low unless you're driving one yourself. I don't drive.

noblebaba:
im also planning to go into transport business the company i work with just folded up but luckly for me i have a clean Toyota previal that i intend t



o use i have also gotten an experienced commercial driver that want to put me through for sometime before i will master their activities ,but i dont know the route we are to be plying now if you know of any good route you can advise

how do you see... Yenagoa to delta...the roads on that route are very good at least in comparison to other roads

Hoodbilonia:
go do street
2.1m every month
u wan go buy lexus es dem abi
i pray make e b 2.1m per month o.
u go settle agbero
highway coti
motor park
unless u wan build park like god is good
4trips a day. so u go sleep for steering ba

Not only that, 4 trips a day for a whole 365 days a year! Lol

dahnimoh:
It's a lucrative biz I can assure you but only when you are actively involved in it otherwise you may end up opening a biz for your driver and at end not getting any thing in return.

Firstly, you have to go back and research on the model of Toyota bus to buy. There are type of engines that Toyota bus come with and there are ones that are transport friendly and cheap to maintain.

Secondly, check if their is any model that is more fuel economy because fuel economy is the bedrock of transportation.

Thirdly, check the number of trips those that are already in the biz cover per day. Also check the passengers turnout on the route.

Fourthly, check the total overhead expenses per trip because in Lagos for example, if you load your bus in a park,you may end up leaving the park with 2/3 of the total passengers money before you talk of fuel and other settlements on the way like police because I know that there are so many police check points along that route

Lastly, check the state of the road.

All these has to be thoroughly investigated because a single mistake will ruin the biz.

But if you have Uber in PH, it's better you use the money and buy two cars .

Drive one and give one out to a driver.

#100k is guaranteed every week.

I am assuring you that and you will still look clean like a banker.

wow... You seem very enlightened in this line of business... How can i contact you.

TissuePaper:
Please nairalanders I need you guys to share your views on how lucrative you think the transportation sector is, especially the gurus in the business.

I'm thinking of buying a fairly used Toyota Hiace bus which costs about 3.5 million naira and I think it's a fair deal considering the profit I think I'll be making every day.

The bus should have 18 seats so that gives me 18,000 naira per trip, I'm thinking of plying interstate from port-Harcourt to Bayelsa which costs 1 thousand naira per person.

Therefore, if I can be able to make 4 trips in a day that gives me about 72000 naira returns everyday, giving me about 2.1 million naira per month.

Pardon me... I just did this little mathematics out of naivety as I do not really know the complexity of the transport sector, that is why i need your views, opinions and advice so that I don't hurt myself in the end.

However, if everything is as it seems then I think I would have to invest massively in the transport sector smiley

okay make I follow put mouth since I am also into it.

That figure u quote up there is good and easy to write on the paper but reverse is the case In reality.

Transportation business is very lucrative and a slow blood money when u have a good driver or u drive it yourself.

Buy a good tokunbo bus and not Nigeria use if u don't want stories from your driver. since u ply east...... I think they use hummer bus there but if u can go for Mazda bus (18 passenger) u will thank me later in future cos it's cheaper, strong and easy to maintain.

I don't know the daily payment in PH but here in Lagos, 18 passenger bus pay 7-8k per day so we make roughly 40k+ per week per bus. Saturday is excluded for general check up of the vehicles and maintainance.

Be ready to be tough on your drivers if not, they will buy their own bus from your bus and give u stories everyday.

AleAirHub:
Nice calculation out there . If that is how the interstate transportation is very lucrative , I for don flood the business with 6buses for a start.

CORRECTION.

From Port Harcourt to Yenagoa via bus is N500 along the road & park is N700 but many masses prefer along the road because of sharp sharp movement.

Union ticket per a Trip is N1000 whether you load from park or along the road.

Minimum fuel cost per trip is N1500.

Conductor fees per day should be around N1500/2500.

Checking point joint is 4 during daylight & 5 during night which translate to total sum of N500 to oga police pocket

So total expenses per trip will be around N3000/N3500.

So from my analysis , your profit margin should be N20000/N25000 that gives you N600k/750k per month. Then reserve at list N50k/60k for monthly maintenance.

Lastly your net profit margin per month should be around N550k / 700k.

Sir later make I face my white rice with fresh fish pepper soup dinner

hehehe... I like your realist approach sha...but I think at mile one park p.h to Yenagoa is 1k ...I've been paying that amount for sometime now.

Aderewah:
Lol. I used to do naive maths like this. First, fuel will take up to 30% per trip. Agbero will claim 10% or more depending on where you are. Vehicle will spoil. Repairs can claim one week earnings. Vehicle cannot be always fUll. Or else, everyone go be driver. The worst thing that can happen us when your business break down inside bush. Terrible experience. I ommited risk of accidents

All I read is Discouragements...Shuo? You no get chill Ooo. I expected you to balance out your contribution by also mirroring into the positive side of the business. Would it be a hasty generalisation to conclude that you're a naysayer?

Olopa and agbero factor

transport business is gud especially if you are the one driving your car. 18k to bayelsa is cool but there maybe times you can't get 1 trip per day in such a business. I advise you give it a try since you are the driver