Simulator:
Talking from experience @op, if you're not going to drive the said bus yourself, please don't invest into that business. Forget all the calculations/numbers thrown around here. Look for another business that won't drain you or drive you insane. Lol

why are you guys discouraging op, is there a business that is risk free, there are people doing this business and making millions, all business in life involve risk... My advice to op is to be frugal and dogged with his attitude when dealing with those drivers

BenBradley:
I’ll advise you to search for other sources of income, something you can be in control of... you don’t want someone feeding his family from your sweat and giving you excuses... I’ll advise you leverage the internet.

Smart chap, you are a visionary.

Fixed:


Danfo 950k? Certainly this your tokunbo danfo will require a lot of work before it can be engaged for transport business. An extra budget will be required. Even tokunbo golf 3 no longer sell for 1m.


Uber Tokunbo Corolla 1.2m? This is simply unrealistic sir whether from Cotonou or not except you are buying a stolen tokunbo corolla.

I thought I was the only one that saw it, my golf 3 that had spent up to 10years was sold 400k late last year


how can danfo be 750k and 950k, danfo toks should be 2m above now and Toyota corolla that I price last last week, 2003 model is sold 2.2m



these people giving price are uninformed. the op should go for minibus, if she's unemployed, she can drive the minibus herself, many ladies are driving it at my side here


is sold 1.1m now auto

Don't try this venture except u intentionally want to wreck your capital.
Venture into it only if the person who will drive it is your relative, to personally recoup your investment.
Speaking from experience.
It cost 750k in 2015 considering inflation it should be above 1.5m now.

StacyO:
Hello, men in the house.
I'm planning on investing some money into the danfo business world.
But,I still haven't gotten any tangible info from most of the researches I've made.

I know there are a lot involved in it but, I want to know roughly, the total amount of money one needs to hold on to, before venturing into the business.

Candid advice needed.

Thanks for sharing

There is a LOT of "candid" advice for you on this thread already

A lot depends on YOU

Face it: you'll never know ALL the details; not even those currently in the business know everything.

Assuming you're sure this line of business is for you...

You can piece together a rough plan of action from this thread - and start learning the other lessons which you can only learn by actually getting into the game.

All the best!

truthsayer009:


I tire oh my brother, same thing I noticed. Some people are still living in 2014 before BUBU became our president.

Even with 2.5M , if you are not careful they will sell Nigerian used Corolla to you. Last lass to buy a super clean Corolla, one needs around 3M.

At the end of the day, those Nigerian used vehicles don't even last. 6 months problem dom start, OP will start blaming village people.

I will never follow anyone to buy Nigeria used cars again, its best to buy brand new and toks and sell it when you must have enjoy your money to get a new one


ignore those ignorants calling Danfo 750k even before Buhari Economic hardship danfo is sold 1.5m, 1.8m because of high demand then, it must have increased above that now with the high exchange rates

TripleA9:
My dear, Transportation business is lucrative but stress filled and full of risks, especially in Lagos. If you really want to go into it, don't let anyone discourage you. There is no worthy venture without risks. I would just advise that...
1. Try to know as much as you can about the transport business.
2. You get a trustworthy person to drive it if you aren't driving it yourself.
3. Contact a lawyer to draft a proper agreement between you and the driver so that you can be covered in case anything occurs.
4. Continue to ask advice from people who are already in the business.
I wish you success in your business ventures.



Ps.. I am a lawyer and you can consult with me on anything.

your contact

Depends. If na same Danfo way Mad Melon and Mountain Black use for that Danfo Driver Song then wait let me call them and give you a figure.

Yusufisraelj:


Eya, sorry about your experience quite painful. But sincerely you can still get a good and trust worthy fellow to run it efficiently.

I don't think so

I know an uncle that did this biz.
Everyday was story from the driver when he's to remit profit for the day or every 2 days.
The said uncle got frustrated over time and finally sold it off.
So everyone here is right. If you're not driving it urself. Don't venture into it. For sakes of your mental health

Wiifesnatcher:



I will never follow anyone to buy Nigeria used cars again, its best to buy brand new and toks and sell it when you must have enjoy your money to get a new one


ignore those ignorants calling Danfo 750k even before Buhari Economic hardship danfo is sold 1.5m, 1.8m because of high demand then, it must have increased above that now with the high exchange rates

Yes, this is why I never bring my problems here for public opinions, i rather seek out an expert, because different people with 1999 knowledge will come and be giving you advise.

Couldn’t have said it better

Yusufisraelj:


Transportation business is very lucrative, having done one before. It earns you money daily.

However your location (place of business) should inform your returns. In the North it's 20K per week, extreme cases 35K per week for town service but in Lagos its almost twice for a small 14 seater bus, maintenance cost should be on the driver, except for Major changes like engine...


Having said that, the main challenge is finding a reliable driver who would maintain and remit as agreed. So I will advise that you buy the vehicle, do clearance, get it road worthy and up the vehicle for a premium I.e if you spent 1 million for everything, bargain for 1.7 Million in return for a period of 1 year on the driver, this way he pays about 33K weekly for a year and the vehicle turns his. That way he sees the vehicle as his and treats it with extra care, while you make a 70% profit on the business far above 13.4% the inflammation rate in the country.

More importantly is the type of vehicle you purchase, 700K should get you a clean tokumbo with perfect engine, again here you need the help of a good mechanic and auto dealer.

As per government clearance, that's cheap and easy.

You seem to know about the business very well. Are you still into it?

It may end in tears, avoid transportation business.. Speaking from a bitter experience.
Especially when u are a lady, the driver may decide to play smart.

My advice... Save more and get yourself a car for uber. A good toks cost wella infact na small tin uber car take pass am! The moment u put a bus on the road... Automatically u go start to dey pay police, lastma, taskforce, thugs and mechanic! U can't escape dem all even if ur papers complete. If u love rest of mind do as I tell u but if u feel u get mind... Enter! Talking from experience (mind u)

Yusufisraelj:


Lols, it depends @Stacy

So many grounds to clear, from integrity, establishing a place of understanding, knowing your expectations and chances to take risk.

I think it's a talk outside this platform and I'd rather show you how to go about your investment in the transportation sector than handle it directly except if a place of thorough understanding and legal backing is clear.

Could you show me too. I'm seriously considering the transport sector.

emmadejust:



Don't let them talk you down in venturing into the business,
Thats is how they discouraged me when I first buy my bus in 2017, but I indure all & I win in knowledge and profit plus values in the business3, now most of my friends have Bought 2-3 bus because of my courage and values in vanagon business.

Don't just be fast in quitting due to problem either from driver or the bus maintenance.

I'd like to learn your experience. Can I pm?

alignacademy:


Thanks for sharing

There is a LOT of "candid" advice for you on this thread already

A lot depends on YOU

Face it: you'll never know ALL the details; not even those currently in the business know everything.

Assuming you're sure this line of business is for you...

You can piece together a rough plan of action from this thread - and start learning the other lessons which you can only learn by actually getting into the game.

All the best!

I have to use plenty of dictionary to understand this write up so

truthsayer009:


Yes, this is why I never bring my problems here for public opinions, i rather seek out an expert, because different people with 1999 knowledge will come and be giving you advise.

1999 Knowledge got me

lastburn:
My advice... Save more and get yourself a car for uber. A good toks cost wella infact na small tin uber car take pass am! The moment u put a bus on the road... Automatically u go start to dey pay police, lastma, taskforce, thugs and mechanic! U can't escape dem all even if ur papers complete. If u love rest of mind do as I tell u but if u feel u get mind... Enter! Talking from experience (mind u)

That is to say that I won't be paying any extra charges to the police and agberos.

Drizzy5001:
It may end in tears, avoid transportation business.. Speaking from a bitter experience.
Especially when u are a lady, the driver may decide to play smart.

That's my fear now.

dawnomike:
You do not need government clearance... That is the headache of the driver to be a member of NURTW.

1m to 1.2m should get you a good danfo and I advise you give it out on hire purchase. Opting for daily returns is not always the bests as most of those drivers will mostly tell you stories to short change you and wreck your bus.

1m to 1.2. na kowope Mini bus you won buy. ode

ofiko123:
#1200..

Sir??

StacyO:


Honestly,I notice they join one or two groups before partaking fully in the business.

Some load their buses before others while some load turn by turn.

This is the last business idea I’d ever think of!
Those drivers will just call you one day “ Hello ma, LASTMA don seize your bus o “ and trust me, he is off! They will not only frustrate one, but will ruin one. Avoid this business if you ain’t driving yourself.

awulio:
@Stacy I’m also thinking of starting a transportation business and I’m a female. I think the most important thing is to get someone you trust to drive the Danfo....Even if you are a woman they can still listen but you need to become like Margret Thatcher and be a Iron Lady.

I don't know how to turn my sweet angelic voice to dracular own

I'll simply put a male in charge. My dad perhaps
He might be of help.

I'll simply take up the work of a CEO. Dad might actually have to turn employee for my sake now.


I think you should give it a try. A very lucrative business
The disadvantages stated here are just too much to bear alone

Regardless, I'm going into it. "

StacyO:
Hello, men in the house.
I'm planning on investing some money into the danfo business world.
But,I still haven't gotten any tangible info from most of the researches I've made.

I know there are a lot involved in it but, I want to know roughly, the total amount of money one needs to hold on to, before venturing into the business.
With the purchase of the bus, maintenance and perhaps government clearance.
Can a million naira be able to possibly get all this things sorted out??


For a fact I won't be the one driving it, how much returns do you think the driver should drop for me everyday?

Candid advice needed.

me I be Mini bus driver. Kowope bus.
we bought it 1m in June.
it was giving as hired purchase
registration and others 150k
it was giving out for #1.8m
I pay 30k every week.


Danfo is around 1.8 to 2milli. so check it

StacyO:


I have to use plenty of dictionary to understand this write up so

LOL

All the best!

kuonbe:



me I be Mini bus driver. Kowope bus.
we bought it 1m in June.
it was giving as hired purchase
registration and others 150k
it was giving out for #1.8m
I pay 30k every week.


Danfo is around 1.8 to 2milli. so check it

Shey na 30k you dey always bring back complete every week?

Abi e get things way you dey settle for road??

How sure you dey say the money go dey complete every week seh??

I know you get my pidgin??

IceTrice01:



Where's ur location please? Idiroko or badagry? I'll like to get a contact that'll get me a vehicle, Honda City precisely

I don't stay in Lagos currently, send me a message on what's up.

SpicyMimi:

This is the last business idea I’d ever think of!
Those drivers will just call you one day “ Hello ma, LASTMA don seize your bus o “ and trust me, he is off! They will not only frustrate one, but will ruin one. Avoid this business if you ain’t driving yourself.

True talk ooo.
Hahahahahahahahahah

Seems you've been into the business before??

StacyO:


Shey na 30k you dey always bring back complete every week?

Abi e get things way you dey settle for road??

How sure you dey say the money go dey complete every week seh??

I know you get my pidgin??

That is what I sign. I pray to God before I see this offer. because I don suffer for years. the mini bus I drive as hired purchase was bought for me by a woman, today Jan 12 Makin 7 month I stated my hired purchase I pay 30k every week only on endsars week I do not pay. this week will make it half my purchase 900k

https://www.nairaland.com/6358739/few-month-registered-mini-bus

Very clean Korope for sale for 900k