abstract

the idea is to open an online based venture selling health meters, home test kits, gym accessories and nutritional supplements(mainly fitness related), at this point many will have dismissed this as a bummer but what makes it stand out is the mode of marketing the products, instead of setting up an online platform and waiting for customers to log on and make orders, we will take it to where our target group are, the gym.

the gym set up will be something like this, we rent a wall inside the training area in a gym where we set up a display unit with samples of the products, next to this will set up a point of sale system where one after viewing the display and seen a product of interest can go on and order through the point of sale system and pick up his/her delivery the next day they come in to train.

the point of sale systems and displays will be unmanned and will operate like a ATM machine does, the plan was to deploy these systems in the best gyms in Nairobi starting with 10 gyms and then scaling up from there.

the products will be sourced from the UK ex factory

If you have a ka-plot somewhere within or near the city, you could develop it. 9m can build the ground floor and first floor. Each floor would have four 2bdrm units and a one 1bdrm. If you charge 20k and 15k respectively, that will be 190k per month. If you don't have a plot, you could get one at 4m and do one floor to give you 95k pm. Then add the floors pole pole with a target of 6flrs, to give you 570k per month.

This sounds very good..but can 5M built 4 2br and 1 br? I am not an expert in that area. I have some plots in Nai but not in such a prime area, so rent will not be near the figures you quoted. I may have to sell them, but selling a plot is another ceremony..

1. if you are employed and won't give your all to the business then forget side hustles - buy the house and be contented with that small roi.
2. for whatever reason forget about car business
3. its a cliche but always true - never take a loan then think of what to use the money for after.

@Hardwood, Is there somewhere in Nairobi I can get a(commercial) plot for 4M and get such rental returns? I imagine you would need 6M+ for such a plot. Please guide. In the counties its possible in some towns like Ksm,Eldoret, ktl though rents will be lower..I will however need a lot of information gathering.

Thats quite substantive @tnai9.You will have to invest in an industry you already know well. Dont forget a biz plan(a proper one) to level your head and cover areas you may have overlooked. A mentor too

Cant u do rentals with 9.8M,then invest 0.2M in farming. Reinvest your yields for 5 yrs. End result, a pretty big farm and appreciated real estate.

As for me I would go with something which will give me the most profit if I have a place to live anyway. So probably option number two and that's it, correct ? Otherwise in case number 3 for example will not be that viable assuming you need to shelll a lot and still need to rent yourself.