HAULAGE BUSINESS SERVICES IN NIGERIAN PORT PREVIEW: This haulage service business is a lucrative and interesting.

The market is wide and highly demanding. Hence the demand for the need of this service is always p er second on daily basis. THE MARKET: As a result of the high rate of importation, the demand for the dispatch of cont ainers boxes from the sea port is high, thus the haulage services is getting bet ter day by day. Like other services, haulage business services users are enormou s: they include port operators, importers, companies, individuals, agencies, amo ng others; INVESTMENT: The business opportunity in haulage services is very high and lucrative but one can invest with ease, and the amount needed for this investment from your bank i s between N2.8 to 3.1 million, and within twelve calendar months it will be paid back. The property and materials required for haulage business is durable and s erviceable vehicle, like DAF, MACKAND SCANIA trucks. Etc To continue in this business, what is required is as follows: (A) tractor which is the HEAD this truck drives the whole vehicle. (B) The body of the truck is called BED. This is the flat layer where the cont ainer boxes will sit on. It is also called CHASIS (C) The ten tyres (100. This both the tractor and the bed. COSTING: The tractor (THE HEAD)A very high grade of tokunbo tractor cost about N2.1 millio n. This will serve a god purpose and it will be free from mechanical problems fo r a long period of time. The body of the truck which is the flat layer BED or CHASIS will be bought at the rate of N700,000. The BED or CHASIS includes (10) ten tyres which serves for a wh ile probably two or three months Then all the government license, both the vehicle license and all the haulage ta xes and certificate will cost between N65,000- n75,000. The total projected estimate cost will between N2.9 N3.1 Million INCOME: The rate of return on investment (ROI) is high in this business, the patronage i s always high. The haulage services is 6days a week, 26days in a month and 365da ys in a year. The rate of income is also based on the turn around time of the tr uck, this is because the constraints such as traffic congestion on the road, mec hanic faults etc, will be reduced a little because, the truck will be a Grade A To kunbo vehicle, build on 10(ten) NEW brand tyres and the operation of the busines s will be limited around the metropolis in Lagos state only. Above all, with proper management supervision and close monitoring, this is a hi gh yielding investment enterprises. ANALYSIS OF INCOME GENERATION Depending on the point of destination of each container the amount charged varie s. In every metropolis of Lagos state, a single trip cost between N38,000 N40,00 0 and above. No matter high the expenses of a trip, the balance for a single tri p is not less than N20,000. The cost of running a truck per trip assuming the charges for the trip is N40,00 0 1. Drivers pay per trip: (10% of the amount charged) N4,000 2. Cost of fueling per trip (50 liters) N8,000 3. Motor boy: Conductors pay per trip N1,500 4. Engine oil of a single trip N2,000 5. Miscellaneous expenses: photocopying machine etc N2,000 Total N17,500

If all these are deducted from the payment of 40,000, we will be left with a pro jected profit of N22, 500 per trip MATHEMATICAL CALCULATION If the projected profit of N22, 500 per trip is realized therefore in one week, we realize between N112,500 135,000 and in one month, we can realize about N450, 000 N540, 000. However, within twelve calendar month, the total loan granted will be paid. MANAGEMENTOF THE TRUCK The safety of the truck is highly guaranteed because the Lagos state Government has created over5 lorry parks around port and its environment. However modern te chnology has introduced the GPS tracking system to protect against theft and fra udulent acts by drivers etc. As per the servicing of the truck, it will normally hold on Sunday, reasons been that most clearing agents do not work on Sundays. This gives the truck drivers the opportunity to service their truck at a reduce cost between N5,000 N6,000 pe r week and general services every two months which cost an average of N28,000 SUMMARY: In summary, haulage service in the port is a very lucrative business, more so th at the truck will be confine to the port operation with a custom escort and it w ill have a defined schedule of work. Carrying unauthorized containers or operati ng on authorized route without escort will not be experienced. Definitely, our sole aim is to buy a very good truck that will serve the purpose of this lucrative business with proper monitoring, thereby we should not encoun ter much problems. One of the most reliable trucks we used in this business is D AF trucks, MACK trucks and MAN trucks. This is very economical to maintain in te rms of servicing. I tell you what some MACK trucks are on this our business for the past ten year (10yrs) and they are still on the road. Presently, however, a lot of individuals and some financial institution are with us in this haulage business now and over the years and they are doing perfectly well. The monthly income on this investments realistic and achievable as long as we al ready have good hand, handling this enterprises and with close supervision and m onitoring, we will achieve god ROI (return on investment) within a short period and money invested in the business will be realized with ease, and the business will continue in good form. This business will be handled as usual with intention of taking it to a greater height because it will be operated as limited liability Company, and within a sh ort period, we shall be having a fleet of trucks. This is a business no one regr ets venturing into. For further info: visit (www.containerhaulagers.blogspot.com) 0r call :+2348185208691