Is matatu business profitable?
Is matatu business profitable?
9.33 seater matatus are more profitable than 14 seaters for town service business. With a 14 seater van, and assuming the business is well managed, you can expect to make Ksh3,000 per day on average, this may however increase during peak seasons.
How much does a matatu make per day?
For matatu owners, business can be brisk. One can make between Sh6,000 and Sh10,000 after fuelling for next day and paying the crew.
How much does a 14 seater matatu make in a day?
Besides, it will earn you about Sh7,000 per day while the 33 seaters which will cost you Sh5-5.6 million will earn you between Sh8000-9000 in a day. A 14-seater costs about Sh2. 4 million.”
How much is a matatu in Kenya?
“While 33-seater matatus are more profitable than 14-seaters for a town service business, they cost much more in the tune of millions – approximately Sh5 million. Over and above the initial capital, you need at least Sh100,000 to deal with any issues that may arise.
What is the best business to do in Kenya?
List of the best businesses to start with 200k in Kenya
- Cyber café A cyber café is the best business to start in Kenya with 200k.
- Laundry service business.
- Selling clothes.
- Farming.
- Cake baking business.
- Grocery store.
- Mobile money transfer.
- Wines and spirits.
How much does it cost to pimp a matatu?
For a small matatu, [the total cost can be] 300,000 shillings ($3,000) or 400,000 shillings $4,000. Those big matatus cost as much as 1.5 million ($14,500) – lighting, music. Sometimes it is like a show off.
What is a matatu Sacco?
Today, an individual matatu must be associated with one of over 600 independent, government-registered groups known as a SACCOs. As of late 2010, Kenyan government policy is to phase out minibus matatu in the capital city Nairobi in favour of larger buses seating twenty five or more.
Which is the biggest matatu Sacco in Kenya?
2NK Sacco
Female CEO running largest Matatu sacco in Kenya The largest saccos include 2NK Sacco, Matatu Owners of Mombasa Sacco, and Nairobi’s Embassava Sacco. As of 2019 before the transport industry was disrupted by the pandemic, the matatu sector had a turnover of Sh400 billion per annum.
What business is profitable in Kenya?
Here is a list of the most profitable businesses to start in Kenya:
- Car wash businesses.
- Laundry Business in Kenya.
- Cosmetics Business in Kenya.
- Spare-parts sales Business in Kenya.
- Travel agency business in Kenya.
- Computer Sales Business in Kenya.
- Food sales Business in Kenya.
- Landscaping Business in Kenya.
Is electrical business profitable in Kenya?
The demand for electrical items makes it a lucrative business to start. You can start small and grow big within no time.
Which country has the best matatu culture?
Beloved by the young and elderly alike, the ‘matatu’ minibuses of Kenya are colorful, known for blaring out loud music, and have become more and more extravagant in their design.
How profitable is the matatu business in Kenya?
The matatu business in Kenya started enjoying profitability a year after locals formed the Country Bus Owners Association and Matatu Owners Association. With the surge in rural-urban migration requiring a sturdy vehicle due to poor terrain, the buses from KBS enjoyed a steady run, but the market kept growing.
Is a custom matatu more useful than a regular matatu?
Despite their exorbitant fees at times, they are considered more useful than most of their counterparts in the matatu business. However, for any of them to earn you more than a regular matatu, you have to spend more on its customization. Very soon, the government is going to do away with all 14-seaters in the transport industry.
How much does a fancy matatus cost in Kenya?
One thing all the fancy matatus have in common is loud music. However, while nganyas have the best and loudest sound systems, there are other vehicles with excellent sound quality as well. A good music system will cost you an upwards of Ksh.150,0000.
Can you earn money with a white 14-seater matatus?
You can earn a good amount of money on a daily basis with a white 14-seater operating on a particular route, but with a few modifications, that amount can be doubled. After president Uhuru Kenyatta allowed the use of graphic design on matatus, nganyas took to the center stage.
