Everyone starts somewhere right?
Hello wazuans,I'm a 19 year old campus student,I'm currently running a viable farming project on leased and I would like to spread my risk on Some other doable investments. Doable in Reference of I being a student hence would venture into something that doesn't take much of my time.
I have identified a bikes hiring business seeing it having boomed pretty much around campus,JKUAT juja. I'm one of the regular customers of these guys,they hire these bikes at 50/- an hour,leaving your school or national ID as assurance that you'll take the bike back. They operate from 8a.m. To 7p.m. daily meaning they are in operation for 11 hours. They hire the bikes overnight till 9a.m. from 7p.m. at 50/- only.
Assuming the bikes operatess for 5 hours that day,that's 250/- per bike per day,And let's say I own 10 bikes that will cost me about 80k to purchase(must not be new) ,rent and kanji probably 20k,total 100k.
With 10 bikes,that's about 2500/- a day,17500/- weekly,70k monthly.
The deal I'd work with the employee,just like it in the matatu business,is a daily return of 2500/-,anything higher or less is onto him.
Maintenance costs and rent,to the higher end might cost an average of 30k,40k profits On average?
I plan doing it around some other campus not necessarily JKUAT. I have identified Embu/Kirinyaga/Karatina universities since I have friends around and would be easy to monitor. Visits,every weekend. Also,planning On adding more bikes with the profits.
If I Start,planning on first operating the business for two weeks to know the market activity.
Is this possible or does it sound unrealistic?
Regards
There's no WORSE enemy than a man with limited resources,he's got NOTHING to lose.