- Country: Nigeria
- Industry: Transport, Automotive, Aviation
- Stage: Start-up
- Investment size: $200,000 / min. $200,000
- Type of investment: Debt, Equity
Funding is needed for commercial transport services business. Passengers will be transported to their places of work daily.
The fund of $200,000 is needed to buy buses and reserve some amount as working capital. Investors are offered 3% interest annually of the principal amount to investors.
The target market is part of the million people in the city going to work or to various places. Revenue will be generated from the tickets for the passenger buses.
The project is justified because it is one of the most lucrative businesses in the city and in the country. The business will progress as the population of the city is increasing. It is everlasting one as more buses would be bought as profit is coming in.
The fund is to buy 6 buses initially and increase the number as time goes on. Part of the fund will be reserved as working capital.
3% interest will be paid annually to the investors. Payback period will be 10 years
Direct competitors are other bus transporters. There are no much indirect competitors
I will be better than them if I can secure funds to buy new buses which will be better than their old ones.
My advantage is very sustainable: My success can’t be repeated by competitors because they have no much knowledge as I have.
Rationale for the deal
My opportunity is that my service is a daily demand and would not drop away.
I will make much money out of the business as there would be no overcharges for the passengers.
There is indication and records that other market players are making much money from a similar opportunity.
My experience in the particular business area is that I have been dealing with people with this particular business for many years.
Use of financing
A start up fund is needed. I envisage only one round of finance.
Opportunity for the investor
Loan amount is $200,000.00 (two hundred thousand dollars). Payback period is 10 years. Interest Rate is 3% per annum
I am looking for silent investor.
No equity investment deals please.
(cc) Image courtesy by Curtis Kennington
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