mat business is good,trust me. I have been there and can tell anyone there is money. However,personally am pulling out. My reasons,my advice.
One I got there with an old mat,maintainance costs have been high in most of the cases offsetting income. If u r unlucky gari 'noks' and you spend like 25k to 70k depending on make/model etc... Plus mat mzee itakuliwa sana na crew on pretext imeharibika,polisi,etc Thus I advice a new vehicle. New mat will ensure a constant stream for like 6-8months before anything major by then you will be a float with enough cash for all eventualities and resale value still high.
Two,you need close management..... if you entrust it to your crew umeungua! why lie? u trust a hungry fellow with your money. Else employ a manager to run after it and agree on revenues...this not to substitute for your inspections.
Third,kuwa na enough cash reserves to ensure uptime ya gari iko over 80%. sio gari inaenda garage inashida huko ukigather ndooo. isikuwe pesa ya dinga ndio maposho ya jioni.... utakwama..
Else I got my Shark AQ... anyone out there interested.... gari in good shape plus music... operating.
I will be coming later to the business when I'm available for it
he who fights himself is a great man
The market, like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do. - Warren Buffett