Haulage & Trucking/Logistics Business Plan in Nigeria | Feasibility Study
Haulage & Trucking/Logistics Business is not a very popular business in a country like Nigeria, in essence, the industry is probably not fully harnessed and there is room for more hands.
Getting into this business requires adequate planning and as such requires you get hold of a Haulage & Trucking/Logistics Business Plan.
What Is Haulage? This entails the movement or transportation of heavy duty goods from one location to another, gods such as the following;
- Petroleum products
- Kerosene
- Engine oil
- Liquidized natural gas
- Construction sand, gravel and stones for building roads and houses.
BUY YOUR own Haulage & Trucking/Logistics Business Plan in Nigeria or Feasibility Study in PDF file. Simply order yours by paying N10,000 to
GTBank (Guaranty Trust Bank)
Account Name – Okite Joseph ikenna
Account No – 0044083736
Once payment is made for the Haulage & Trucking/Logistics Business Plan in Nigeria, send the following (i) a valid email address and (ii) your payment details to any of these numbers – 07039768549.
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In truth, Haulage & Trucking/Logistics Business remains a lucrative brand of business for anyone to go into, however, Haulage & Trucking/Logistics Business is a capital intensive business and addition to that, it is one business that carries a lot risk with it. Now, since going into a Haulage & Trucking/Logistics Business requires huge capital implication or financial commitment, you need a well detailed business plan report.
This feasibility study clearly outlines how the business can be started from the scratch, a feasibility report that gives a clear terms on financial implication needed for the business. This Haulage & Trucking/Logistics Business feasibility study was a research done in respect to the Haulage & Trucking/Logistics industry across the globe, in essence it can serve those in countries like United State, United Kingdom, South Africa etc.
Why You Should Go Into Haulage & Trucking/Logistics Business
Understandably the Haulage & Trucking/Logistics Business is one that will stress you out, both financially and physically, however, considering the returns on investment, it won’t be a bad idea to consider the Haulage & Trucking/Logistics business option, here are a few reasons you should at least consider going into the Haulage & Trucking/Logistics Business Plan in Nigeria;
- The Haulage & Trucking/Logistics Business is not a saturated business especially in a country like Nigeria. This means with a business industry that has less participants, you could be one of the pioneers.
- Haulage & Trucking/Logistics Business talks about the transportation heavy duty goods, and in Nigeria, the major means of transporting goods is done via road, it then means with a couple of trucks and a few other heavy duty carry trailers, you can get your business going.
- The business is not restricted to a particular country, location, business environment or continent, as it is lucrative in Nigeria, it is also lucrative in United State of America, for example, financial reports on Haulage & Trucking/Logistics Business in the US reveals that the business makes an approximate three hundred billions of dollar annually as profit alone, same stats for Nigeria, United Kingdom, Australia etc
Factors To Consider Before Starting A Haulage & Trucking/Logistics Business Plan in Nigeria
Earlier on this post, we talked about the capital intensiveness of a business like Haulage & Trucking/Logistics Business Plan in Nigeria, we also went further to talk about how stressful it can be run a business of this nature without proper planning and the need to get a well written Haulage & Trucking/Logistics Business Plan in Nigeria feasibility study, well here we’ll be talking about the factors you need to look out for before start setting up, of cause with a whole lot of money to be invested, you wouldn’t want to waste your resources;
Capital – As clearly stated earlier, Haulage & Trucking/Logistics Business in Nigeria is capital intensive, this means before you start setting up your business, you need to have a capital enough to set up and run your business before it starts yielding profits. One thing this Haulage & Trucking/Logistics Business Plan in Nigeria feasibility study can help you achieve includes but not limited to the following;
- The business plan/feasibility study can help you in securing a loan
- It can as well help you access government grant via application or other kind of grants.
Raising capital should be the first point of call when it comes to setting up a business, more so a capital intensive business like Haulage & Trucking/Logistics Business.
Information Gathering – This makes reference to research, analysis on how much to be spent, location of the business, the type of equipment to buy, the market and the demand for the services, you also now the level of competition and potential competitors in the industry, information gathering ensures you avoid heading into the deep waters of Haulage & Trucking/Logistics Business without adequate information.
Business Registration – Business registration gives your business a sense of legitimacy. You can easily get a contract as a registered business, the business gets treated as a separate entity that can handle its legitimate business. Registering your business also protects your business name and business logo, to register your business name in Nigeria, visit any of the Corporate Affairs Commission (C.A.C) office in your state of residence or register via their online platform.
Business plan – Get hold of a business plan, you can write one if you know how to, however, it is advised you either buy or you high a professional business plan writer. A business plan is only a business plan if the information contained in it are accurate, this means you can only write well detailed business plan if you have complete knowledge of the business, that is why it is advisable to either hire a business plan writer or buy a business plan.
BUY YOUR own Tailoring Business Plan In Nigeria or Feasibility Study in PDF file. Simply order yours by paying N10,000 to
GTBank (Guaranty Trust Bank)
Account Name – Okite Joseph ikenna
Account No – 0044083736
Once payment is made for the Tailoring Business Plan In Nigeria, send the following (i) a valid email address and (ii) your payment details to any of these numbers – 07039768549.
Build A Reputable Business Image In The Industry – You will agree with me that reputation in business is best kind of branding and advertisement. A good reputation can secure contracts with millions without you getting to do so much. Your reputation in the Haulage & Trucking/Logistics Business will naturally encourage customers to want to trade with you. As much as you are securing a capital for your business, planning how to run your business, ensure you also build a reputation in your business, good reputation is as good as good will.
Regulations In The Trucking Industry – Since Haulage & Trucking/Logistics Business is a business done globally, sometimes rules and regulations obtainable in Nigeria, might not be the same in United States Of America or United Kingdom or even in some African countries, hence it is important to know what is obtainable in the Haulage & Trucking/Logistics Business in the particular country you want to set up in, the registration procedure, licensing, getting a permit for your business, etc
Type Of Equipment Needed – To successfully kick off your Haulage & Trucking/Logistics Business Plan in Nigeria, you need to get in your heavy machinery. These equipment forms the bases of your business operation, here are the types of equipment you’ll need;
- Trucks
- Flatbed trailers
- Heavy duty machinery
- Big containers
- Silos etc…..
These equipment are really important, since what will be transported are heavy goods.
Security For Equipment – The operational equipment for this line of business is pretty much expensive, hence it is imperative to at least install a security measure or probably a tracking features in all your vehicle, this will prevent theft, damage of your heavy duty truck, prevent possible illegal business using the equipment. Tracking a vehicle has now been made easy by technology.
Employment & Skill Acquisition – This is as important as any of other factors mentioned above. Only skilled personnel can operate a heavy duty truck, which is why it is important to employ only skilled individual who can as work and as well take courses on improving their skills, in essence organize forums from time to time for your divers and other workers.
Secure An Insurance Coverage – You are spending a lot of hard earned money or loan taken from the bank which must be repaid, this is simple, insure all our equipment and business in general, this protects you from unforeseeable circumstances.
Ways To Run A Haulage & Trucking/Logistics Business Plan in Nigeria
There are so many ways you can run a Haulage & Trucking/Logistics Business in Nigeria, however, we will be focusing on only a few of them, see below;
Independent Contractor – Running your business as an independent contractor entails stating it on a personal basis, this means you’ll have to raise money to get those trucks either by loan or grants, then you’ll get to employ drivers, employ agents or lawyer that will help in securing contracts.
Considering the profit margin, running this business as an independent contractor can be so rewarding, take for example, an estimated cost for a trip between Lagos to Onitsha ;
- Lagos and Onitsha is = N250,000
- After deducting fuel cost and other miscellaneous expenses = N100,000
- You will be left with N150,000
Imagine this trip is done four (4) times within a week, you will be making a profit of;
N150,000 x 4 = N600,000.
Now assuming you have about a fleet of 5 trucks, and going by the above calculation, and going by the same number of trips every week, these trucks can fetch you up to N3,000,000. Also factor in the truck’s capacity and the distance covered on each trip.
As much as this business earns large profits, also note that there are risks involved and it also has its own downsides.
Contractor or Subcontractor – This method is also as lucrative as the independent contractor type of running this business. Here you are contracted to one company, this company usually a multinational will manage your trucks as well as pay your drivers, you are paid according to the contract you may have signed with the company, most times, these payments are done at the end of the month.
Leasing – In this method, a Haulage & Trucking/Logistics Business can lease all their trucks to a haulage company, it is more like being the sub-contractual deal, your trucks are also maintained by the leasing company but you are paid at the end of a certain period as stipulated in your contracts.
Estimated Cost Of Buying A Trailer Or A Truck
We already how a truck, a tipper or a trailer is important in the Haulage & Trucking/Logistics Business Plan in Nigeria, here we have estimated the possible price of some of the trucks and trailers today, see below;
- The price for a brand new trailer goes for N15 million to N20 million, check dealers such as Leventis and UAC.
- The price for a fairly used truck goes for N6 to N7 million. This is relatively cheaper and can serve the purpose of your business, mostly trucks and trailers used in United Kingdom, Belgium or Germany.
- Another option is buying the head at the cost of N3 million to N3.5 Million and refurbish the engine.
In conclusion, as lucrative as this business venture is, there are obstacles as well as breakthrough, there are setbacks as well as progress, there are advantages as well as disadvantage. The profits are undeniable, however, you will need to work hard to achieve your goals. Start by getting a Haulage & Trucking/Logistics Business Plan in Nigeria.
Hurry now, TO GET YOUR Haulage & Trucking/Logistics Business Plan in Nigeria Feasibility Study. Simply order yours by paying N10,000 to
GTBank (Guaranty Trust Bank)
Account Name – Okite Joseph ikenna
Account No – 0044083736
Once payment is made for the Haulage & Trucking/Logistics Business Plan in Nigeria / FEASIBILITY STUDY PDF, send the following info (i) a valid email address and (ii) your payment details to any of these numbers – 07039768549.
NOTE – It is important to note that the Business Plan for Haulage & Trucking/Logistics PDF will immediately be sent to the email address after your payment has been confirmed.(Soft copy only).
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