Wazua
»
SME
»
Office
»
Matatu Business
Rank: Member Joined: 2/27/2011 Posts: 518
|
S.Mutaga III wrote:Rankaz13 wrote:S.Mutaga III wrote:I dont have an 8-5 job...and I have lots of free time to monitor the vehicle and do the repairs in case of anything. Assuming I got a new 14 seater box and put it in a reputable sacco such as Nuclear, can I be assured of KSh 100k-150k every month after all expenses? This is assuming that I buy the matatu(brand new) in cash (zero loan). Only a person in that sacco can answer that but just in case they don't. do what I did prior to my commencement and still do today once in a while: board a vehicle plying the route you're interested in and make sure you get a strategic seat next to the driver. Engage him/her in conversation for the duration of the journey and seek to obtain some of these details for the duration of the journey. If you're lucky to get an owner-driver, even better. Repeat the same on your way back. That's how I did it. Don't be in a hurry to get in without first hand answers to some of these queries. That said, please know that a lot depends on your driver's effort as well as factors over which you may have no control and that's why no one is likely to give you definite figures as guaranteed income. In December I sat next to a driver in the sacco on my way to Nairobi from Nyahururu, and he told me that the owner pockets around 140k per month after all expenses. I asked about the dry months and he told me that in December, the owner pockets above 150k, while in dry months he pockets around 90k-100k after all expenses. The matatu was a shark...KB something...of course, maybe he was lying and I will have to confirm that from another driver along the same route Over time i have noted that drivers just have one perspective of the earnings. They assume that the money they bring at the end of the day is the net income. They never factor in issues like maintenance, service, by-laws, insurance, brakepads and linings etc. And many a driver dont even know the cost of keeping the vehicle on the road. I happen to have talked to a driver who had bought his own matatu and he told me that there is such a big difference between being a driver and an owner. To a driver the cash he brings at the end of the day is what the matatu has earned... to an owner... theres a bigger picture. I would put the figures at around 20-30k less than what the drivers told you. A vehicle inalalisha 5k per daywould be 150k per month. ukitoa expenses the max you will get is 120k. Assuming nothing major will need repairs... and that the vehicle is on the road everyday... Mimi nikipata 100 net im very happy.
|
|
|
Rank: Member Joined: 3/26/2012 Posts: 830
|
Prime wrote:S.Mutaga III wrote:Rankaz13 wrote:S.Mutaga III wrote:I dont have an 8-5 job...and I have lots of free time to monitor the vehicle and do the repairs in case of anything. Assuming I got a new 14 seater box and put it in a reputable sacco such as Nuclear, can I be assured of KSh 100k-150k every month after all expenses? This is assuming that I buy the matatu(brand new) in cash (zero loan). Only a person in that sacco can answer that but just in case they don't. do what I did prior to my commencement and still do today once in a while: board a vehicle plying the route you're interested in and make sure you get a strategic seat next to the driver. Engage him/her in conversation for the duration of the journey and seek to obtain some of these details for the duration of the journey. If you're lucky to get an owner-driver, even better. Repeat the same on your way back. That's how I did it. Don't be in a hurry to get in without first hand answers to some of these queries. That said, please know that a lot depends on your driver's effort as well as factors over which you may have no control and that's why no one is likely to give you definite figures as guaranteed income. In December I sat next to a driver in the sacco on my way to Nairobi from Nyahururu, and he told me that the owner pockets around 140k per month after all expenses. I asked about the dry months and he told me that in December, the owner pockets above 150k, while in dry months he pockets around 90k-100k after all expenses. The matatu was a shark...KB something...of course, maybe he was lying and I will have to confirm that from another driver along the same route Over time i have noted that drivers just have one perspective of the earnings. They assume that the money they bring at the end of the day is the net income. They never factor in issues like maintenance, service, by-laws, insurance, brakepads and linings etc. And many a driver dont even know the cost of keeping the vehicle on the road. I happen to have talked to a driver who had bought his own matatu and he told me that there is such a big difference between being a driver and an owner. To a driver the cash he brings at the end of the day is what the matatu has earned... to an owner... theres a bigger picture. I would put the figures at around 20-30k less than what the drivers told you. A vehicle inalalisha 5k per daywould be 150k per month. ukitoa expenses the max you will get is 120k. Assuming nothing major will need repairs... and that the vehicle is on the road everyday... Mimi nikipata 100 net im very happy. Thank you sir. There is a likely information assymetry there between the driver and the owner....same case you cant ask a bank teller to tell you whether to buy Equity shares because they cant see the big picture. Thank you A successful man is not he who gets the best, it is he who makes the best from what he gets.
|
|
|
Rank: Elder Joined: 5/21/2013 Posts: 2,841 Location: Here
|
Prime wrote:S.Mutaga III wrote:Rankaz13 wrote:S.Mutaga III wrote:I dont have an 8-5 job...and I have lots of free time to monitor the vehicle and do the repairs in case of anything. Assuming I got a new 14 seater box and put it in a reputable sacco such as Nuclear, can I be assured of KSh 100k-150k every month after all expenses? This is assuming that I buy the matatu(brand new) in cash (zero loan). Only a person in that sacco can answer that but just in case they don't. do what I did prior to my commencement and still do today once in a while: board a vehicle plying the route you're interested in and make sure you get a strategic seat next to the driver. Engage him/her in conversation for the duration of the journey and seek to obtain some of these details for the duration of the journey. If you're lucky to get an owner-driver, even better. Repeat the same on your way back. That's how I did it. Don't be in a hurry to get in without first hand answers to some of these queries. That said, please know that a lot depends on your driver's effort as well as factors over which you may have no control and that's why no one is likely to give you definite figures as guaranteed income. In December I sat next to a driver in the sacco on my way to Nairobi from Nyahururu, and he told me that the owner pockets around 140k per month after all expenses. I asked about the dry months and he told me that in December, the owner pockets above 150k, while in dry months he pockets around 90k-100k after all expenses. The matatu was a shark...KB something...of course, maybe he was lying and I will have to confirm that from another driver along the same route Over time i have noted that drivers just have one perspective of the earnings. They assume that the money they bring at the end of the day is the net income. They never factor in issues like maintenance, service, by-laws, insurance, brakepads and linings etc. And many a driver dont even know the cost of keeping the vehicle on the road. I happen to have talked to a driver who had bought his own matatu and he told me that there is such a big difference between being a driver and an owner. To a driver the cash he brings at the end of the day is what the matatu has earned... to an owner... theres a bigger picture. I would put the figures at around 20-30k less than what the drivers told you. A vehicle inalalisha 5k per daywould be 150k per month. ukitoa expenses the max you will get is 120k. Assuming nothing major will need repairs... and that the vehicle is on the road everyday... Mimi nikipata 100 net im very happy. Very true. Interviewing drivers is just but one side of the story. Personally, I went further: shopped for a good mechanic and garage about 6 months before I got my first unit. I visited the place often and impromptu, observed them as they worked and also got to ask them of charges for various services they offered e.g. panting, seats fabrication, brakes adjustment, etc. I also walked into insurance companies offices to enquire on charges for the various insurance products for matatus; those that were far away I'd take their contacts and call. Further, I explored the pros and cons of various financing options open to me, including going to different banks to learn more about their terms of asset finance (most are unwilling to fund start-ups by the way). Then I'd also began to scout for a suitable route (don't research on only one, I researched on about 5 before I settled on one) as well as finding out the intricacies of driver and conductor salaries, mungiki (they were a reality at the time), local authority and KRA payments, etc. Life is like playing a violin solo in public and learning the instrument as one goes on.
|
|
|
Rank: New-farer Joined: 5/30/2013 Posts: 56 Location: Mini Apple
|
kendata26 wrote:jerry wrote:
On management of SACCOs each is alloted their indepedent space(shimo) by the county gov. Mwingine ashangie ya company.
Thanks! Time to pull the trigger. Trigger pulled!!  2008, Petrol box, automatic. Working through pre-shipment papers (including payment), de-registration, inspection etc...
|
|
|
Rank: Elder Joined: 9/29/2006 Posts: 2,570
|
kendata26 wrote:kendata26 wrote:jerry wrote:
On management of SACCOs each is alloted their indepedent space(shimo) by the county gov. Mwingine ashangie ya company.
Thanks! Time to pull the trigger. Trigger pulled!! 2008, Petrol box, automatic. Working through pre-shipment papers (including payment), de-registration, inspection etc... GO! GO! GO! The opposite of courage is not cowardice, it's conformity.
|
|
|
Rank: New-farer Joined: 5/30/2013 Posts: 56 Location: Mini Apple
|
jerry wrote:kendata26 wrote:kendata26 wrote:jerry wrote:
On management of SACCOs each is alloted their indepedent space(shimo) by the county gov. Mwingine ashangie ya company.
Thanks! Time to pull the trigger. Trigger pulled!! 2008, Petrol box, automatic. Working through pre-shipment papers (including payment), de-registration, inspection etc... GO! GO! GO!  Thanks.
|
|
|
Rank: Elder Joined: 5/21/2013 Posts: 2,841 Location: Here
|
jerry wrote:kendata26 wrote:kendata26 wrote:jerry wrote:
On management of SACCOs each is alloted their indepedent space(shimo) by the county gov. Mwingine ashangie ya company.
Thanks! Time to pull the trigger. Trigger pulled!! 2008, Petrol box, automatic. Working through pre-shipment papers (including payment), de-registration, inspection etc... GO! GO! GO! Good progress!  Life is like playing a violin solo in public and learning the instrument as one goes on.
|
|
|
Rank: Member Joined: 2/27/2011 Posts: 518
|
Make sure it is a good month unit i.e month of first registration should be between jan and the month the unit will arrive... otherwise kra will have you for dinner. Congratulations bro.
|
|
|
Rank: Member Joined: 2/27/2011 Posts: 518
|
if the month is slightly bad just ask them to delay the shipment such that it will arrive when the month is good
|
|
|
Rank: Member Joined: 3/15/2010 Posts: 391 Location: nairobie
|
of late i have seen JMC mats 25 seater competing with the known players any info about its price and durability
|
|
|
Wazua
»
SME
»
Office
»
Matatu Business
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|