Executive Summary
This $35,190 project focuses on using three-wheelers to improve urban mobility and includes the acquisition of motorbikes for liaison purposes. The plan details the financial requirements, staffing, operational costs, and projected profitability over a three-year period. Freetown, the Capital city has an estimated population of 1.4 million inhabitants. Our target is on 2% of the said population. A – REQUIREMENTS AND ACQUISITION COST 1. Requirements • Type: Three-wheelers • Quantity: 05 vehicles • Purchase Unit Cost: $3,750 each • Insurance and Registration: Included • Motorbikes for Liaison: 02 motorbikes • Purchase Unit Cost for Bike: $600 each 2. Capital in Hand • Available Capital: $2,000 B – CHARGES 1. Staff Costs • Total Staff: 03 employees • Supervisor Salary: $350/month • Administrative Manager Salary: $270/month • Secretary Salary: $150/month • Monthly Social Security: $100 2. Freelance Drivers • Drivers earn daily wages independently, following local practices. 3. Operational Costs • Fuel, Maintenance, Miscellaneous: $100/week x 4 weeks = $400/month C – PRODUCTION 1. Daily Production • Income per Vehicle: $21/day 2. Fleet Total Vehicles in Operation: 04 vehicles Total Days of Activity: 24 days/month D – FINANCIAL ANALYSIS 1. Total Purchasing Cost of Vehicles • Three-Wheelers Cost: 5 vehicles x $3,750 = $18,750 2. Total Purchasing Cost of Motorbikes • Motorbikes Cost: 2 bikes x $600 = $1,200 3. Monthly Profit and Loss Account Statement 3.1. Income: • Total Monthly Income: 4 vehicles x 24 days x $21/day = $2,016 3.2. Expenses: • Salaries: $770 (Supervisor + Administrative Manager + Secretary) • Social Security: $100 • Operational Costs: $400 Total Monthly Expenses: $1,270 Net Monthly Profit: $2,016 - $1,270 = $746 4. Annual Profit and Loss Account Statement • Total Annual Income: $2,016 x 12 months = $24,192 • Total Annual Expenses: $1,270 x 12 months = $15,240 • Annual Profit: $24,192 - $15,240 = $8,952 5. Three-Year Projection Year 1: • Annual Profit: $8,952 Year 2: • Projected Increase: 5% • Annual Profit: $8,952 x 1.05 = $9,399.60 Year 3: • Projected Increase: 5% • Annual Profit: $9,399.60 x 1.05 = $9,869.58 6. Risk Factor Calculation Potential risks include fluctuating fuel prices, vehicle maintenance costs, and regulatory changes. Risk mitigation strategies involve maintaining a reserve fund and regular financial reviews. 7. Total Investment Need • Total Cost of Vehicles and Motorbikes: $18,750 + $1,200 = $19,950 • Current Capital: $2,000 • Additional Investment Needed: $19,950 - $2,000 = $17,950 • TOTAL INVESTMENT NEEDED: $19,950 + $15,240 = $35,190 (Purchase cost + Anticipated expenses) CONCLUSION This project presents a viable opportunity to enhance urban transportation in Freetown while generating a steady profit. The outlined plan ensures effective management of resources and potential growth over three years. Further investment is required to cover initial acquisition costs, with a strategic focus on risk management to ensure long-term success.
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About Us
This opportunity has been posted by a member of our Africa Business Community, Africa’s leading business network. We use AI to match our members to the most attractive business and investment opportunities in Africa. As a member you can add any number of business opportunities and will receive Africa business opportunities matched to your chosen country and business sector preferences. Membership is free. Our dashboards are powered by AFSIC – Investing in Africa, perhaps Africa’s most important investment event.
Contacts List
Rudy Crepin MADIBA MONDJOT
I am the CEO and Managing Director of the company. From market survey to work program implementation, I oversee the...
About Us
This opportunity has been posted by a member of our Africa Business Community, Africa’s leading business network. We use AI to match our members to the most attractive business and investment opportunities in Africa. As a member you can add any number of business opportunities and will receive Africa business opportunities matched to your chosen country and business sector preferences. Membership is free. Our dashboards are powered by AFSIC – Investing in Africa, perhaps Africa’s most important investment event.
List of Products
| Code | Level | Title | Definition |
|---|---|---|---|
| 81102202 | Commodity | Urban transport network | |
| 25161503 | Commodity | Tricycles | |
| 78102206 | Commodity | Bicycle or scooter messenger services | |
| 78101604 | Commodity | Vehicle transport services | |
| 25101802 | Commodity | Scooters | |
| 78112001 | Commodity | Mixed mode urban and suburban transportation for passengers | |
| 20102305 | Commodity | Utility service vehicles | |
| 78111814 | Commodity | Road transport of passengers by man-or animal-drawn vehicle | |
| 25161502 | Commodity | Unicycles | |
| 25101501 | Commodity | Minibuses |
About Us
This opportunity has been posted by a member of our Africa Business Community, Africa’s leading business network. We use AI to match our members to the most attractive business and investment opportunities in Africa. As a member you can add any number of business opportunities and will receive Africa business opportunities matched to your chosen country and business sector preferences. Membership is free. Our dashboards are powered by AFSIC – Investing in Africa, perhaps Africa’s most important investment event.
