Dear Sir,

We are Management consultant under Lagos state National Inland Water ways Nigeria, we have our Ferries all over Lagos Lagoon on their Jetty shut ling : CMS - Victoria Island – Ikoyi – Apapa - Ikorodu – Ajah Lagos-axis of Nigeria, relieves heavy road traffic challenges particularly on peak period of the day.

Lagos state government builds more Jetty and Invites more investors to partner, not only to create consistency income to investor but also to make life easy for the citizen.

This is a secure business that gives you rest of mind without the fear of road accident on your investment and you can reap dividend on your investment in more than 5years because we have a good maintenance culture managing equipment under our care.
In respect of this, we invite you to come to invest in ferry transport system in our community where you can also make a weekly consistency income from us when we manage your Ferry.

Analysis below is based on our resent record on statistics of other Ferries.

INCOME/ EXPENDITURE INVESTING IN FERRY BUSINESS

FIX COST CAPITAL

FIX COST CAPITAL
1. Cost of 20 passenger double engine Ferry (1pcs) =6,000,000
2. Ferry registrations/permit (Nigeria Inland water ways) = #300,000
3. Registration of Ferry to an existing jetty (yearly) = #150,000
4. Logistics, tickets & marketing = #200,000
..........................................................................................................................TOTAL:= #6,650,000

There are pick and off pick periods, Ferry moves only during the peak period in the morning between the hour of 7am- 10am and afternoon after close of work between 3:30pm and 6pm.

By our statistic record every Ferry could shuttle only 2times in the morning and 1 trip in the evening, that’s 3 times daily each

• A sit at #700 each by 20 sittings by 5 trips daily =#70,000 daily
• This creates us about #350,000 revenue weekly on each Ferry
(Gas, engine oil, lease of Jetty, salaries, servicing and maintenance.

VARIABLE COST:
Weekly revenue (#65,000 x 5 working days) = #350,000
1. Gas per week : 750lts @ #200 /ltrs = #150,500
2. Weekly Maintenance and servicing = # 50,000
3. Crew and administrative weekly salaries =# 20,000 #220,500
........................................................................................................................................... #129,500

Total Monthly revenue = #129,500 x 4weeks = #518,000 Monthly.

• We charge 10% (#51,800) of total income as our service charge and credit you the balance (#140,000), by this we are able to take care of other unforeseen maintenance and repairs.


Engr. Abe Joseph
Director

080-85998064
070-10388606 (Whatsapp)
081-30056065 (Whatsapp)

.

Weekly or monthly?
Check your calculations.

What is the lifespan of the average boat/ferry?

Good day,

1) It is monthly revenue

2) the fiber can last more than 10years with proper maintenance because even if it crashes and tear apart it is amendable,
while the engine can last between 4-5 years with regular servicing and maintenance , there after it can be overhauled or replaced on same fiber ferry.

Dear investors,

Resent Ferry Passengers sit numbers being increased to 30 sittings and
income recently increased from #100,000 to #140,000 monthly

Also been corrected in the introduction write up above.

Thanks

Abe123:
Dear investors,

Resent Ferry Passengers sit numbers being increased to 30 sittings and
income recently increased from #100,000 to #140,000 monthly

Also been corrected in the introduction write up above.

Thanks

Good day.

What is the cost of the boat inclusive of the outboard Engines.

your cost of gas is not clear. How many litres is the boat using per trip?

kindly let me know

regards

We are seeking to hire 10 HOWO Tippers for continuous supply from Shiriwan to inside Dangote refinery.

Any Tipper owner should please contact us for inspection and payment

Engr. Abe Joseph
080-85998064
081-30056065

This is sample of approved Ferry by government.