CONSTRUCTING A NIGHT PARKING
Introduction
This business idea is for
constructing a night parking. A night parking is a place where vehicles can be
parked throughout the night. Its market is determined by the availability of
vehicles and absence of parking grounds in the place where you choose to
construct them. Parking grounds may be tarmaced, made of concrete, pavers,
gravel or murram. The business idea aims at packing space for 1,200 vehicles
per month which translates into 14,400 vehicles annually. The revenue potential
is estimated at $250 per year with a sales margin of 10%; the total capital
investment for the project is $ 890.
Plant Capacity
The parking ground is expected to
accommodate 50cars daily throughout the month both day and night.
Technology and Production process
All you need is land with a fence or
perimeter wall. You also need a guard to ensure safety of the vehicles. You may
put monitoring Cameras and automatic alarm bells as additional security. The
size
of the parking determines the number of units to accommodate.
Market analysis
The demand for Night parking facilities is very high especially in Urban
Areas. There are widely established Night parking centres across the Country.
Scale of Investment
1. Capital Investment Requirements
|
Capital Investment Item |
Units |
Qty |
Unit |
Amount |
|
Barbed Wire |
Poles |
10 |
20 |
200 |
|
Poles |
No |
200 |
3 |
600 |
|
Gates |
No |
2 |
250 |
500 |
|
Alarm system |
No |
1 |
1350 |
1,350 |
|
Total |
2,650 |
2. Operating Expenses
|
Cost Item |
Prod |
Prod
Cost/ |
|
General costs (Overheads) |
|
|
|
Repairs |
50 |
600 |
|
Labour |
300 |
3,600 |
|
Utilities |
200 |
2,400 |
|
Adverts and Publicity |
200 |
2,400 |
|
Land Rented |
700 |
8,400 |
|
Miscellaneous expenses |
200 |
2,400 |
|
Depreciation (Asset write off) Expenses |
55 |
663 |
|
Total Operating Costs |
1,705 |
20,463 |
Production is assumed for 365 days
per year. Depreciation assumes 4 year life of assets written off at 25% per
year for all assets.
3. Project Production Costs and Price Structure in US$
|
Service |
Sv/ |
Sv/ |
Service |
Service |
Total |
|
Small Vehicles |
200 |
73,000 |
0.2 |
1 |
73,000 |
|
Big vehicles |
30 |
10,950 |
0.2 |
1.5 |
16,425 |
|
TOTAL |
230 |
83,950 |
89,425 |
4. Profitability Analysis Table
|
Profitability Item |
Per day |
Per Month |
Per Year |
|
Revenue |
287 |
7,452 |
89,425 |
|
Less. Operating Costs |
66 |
1,705 |
20,463 |
|
Profit |
221 |
5,747 |
68,962 |