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A man who has invested in one Danfo business can create a multimillion venture, if only there are faithful employees as he runs his business. Here is how. He bought a Danfo and got a good driver who work with genuineness, he delivers N4000 every day and work lets say 5 days a week. For the first 3 months on average there will not be a problem with the Danfo except one service maintenance every three months. lets say that cost N4000 also. The driver lest assume he makes N2000 at every delivery.

1. N4000 X 5=N20000 a week

2. N20000 X 12= N240,000 per 3 months

3. Servicing for the first 3 months N4000- N240,000= N236,000

4. 236,000 X 4= N944,000

His net income will be N944,000 for at least a year before any major repair. After a year, he deducts N100,000 for major repair and he will have N844,000.

After the first quarter of another year, he would have made another N236,000 or slightly more depending on economy. But lets stay with our current average of N236,000.

5. 844,000 + 236,000 = N1.080,000

Lets say during that period of 15 months, there are other miscellaneous expenses, such as police arrest and settlement, tire repair, he spent N80,000.

At this time with 1 million, he can buy another bus, which i think its around N800,000 on average if secure from the border. At the end the owner will make 100-200k depending on the cost of the new Danfo.

let also imagine that the new Danfo didnt start work until 3 months time because of paper etc, although this will be hardly possible because all could be done in a month.
At the end of the year, The owner would have gotten 236,000 X 2 = 472,000 for the new van and 708,000 for the old van.

Total=1,180,000

The owner now has 2 busses with an estimated gross/ net income 1,180,000 and his net worth/ Capital and income of 2 buses that cost 800,000 each totaling 1.6 million and 1.180,000= 2. 8 million.