Trucks and bulldozers for rent

[cherry123]

It's a good business. for those that can afford the business. it is mostly or only the rich can afford to buy trucks and bulldozers for rent and money making truck companies are paid huge amount.

 

[Niyi Briggs]

It is not only the rich that can afford the business. 5 young guys can come up with a million naira each and pool it together to at least by one truck and start. The price of a truck for one day renting is 50k.

 

[Starmix]

This is a very serious business because those trucks and bulldozers are very expensive for someone to even afford to buy them which is why it is not a business that most people are into.

That is so right, only those who can afford can have a business like this. Mostly, businessmen who started doing this inherited the business from their parents. Or, they have many prospects they may deal with contracts.

 

[Niyi Briggs]

That is so right, only those who can afford can have a business like this. Mostly, businessmen who started doing this inherited the business from their parents. Or, they have many prospects they may deal with contracts.

While it is true that the business is capital intensive, it is not just a business for rich people. Is it not possible for 5 to 10 avaerage people to collaborate and do the business?

 

[Starmix]

While it is true that the business is capital intensive, it is not just a business for rich people. Is it not possible for 5 to 10 avaerage people to collaborate and do the business?

That might be feasible, they can make a cooperative composed of interested parties to operate trucking and bulldozers services for rent. Bulldozer alone costs more than one million.

 

[RicAngelo]

this kind of business of course really profitable, but we all know it takes a lot of capital to build this business, at least we have 2 trucks and bulldozers so the business will be running

 

[Niyi Briggs]

I did not say one million as a cost of a bulldozer. I said each of them can contribute one million to pool together 5 million or more. The emphasis is on the contributory effort.

 

[nomad]

This is a lucrative business in my home country. You don't even need money to buy construction vehicles as you can buy them through a bank loan and you can rent them out to make passive income.

 

[RicAngelo]

you have to make sure you have a good credit score, when dealing with the bank loan, of course, @nomad after that you have to make sure you can pay a monthly installment if the business goes south, but if the business running well, it is a great thing, though

 

[SHAHID987]

It could be a good business but it is out of range of common normal individual, because we don't have that level of money by means of which we can do this business.

 

[RicAngelo]

as @Niyi Briggs said, maybe some friends do this business together by collecting their own money to make this business work, but make sure all the things first before doing it, as we know that friendship will be ended because of the money, so make it all clear and starting the business

 

[cherry123]

I agree though this could be a good business but it is out of range of common normal individual,since the funds needed here is a lot higher but anyone can try it

 

[Starmix]

@cherry123 that's right only those passionate about this business can make a try. Capital alone makes our pocket sick. This is a potential business for those who have huge capital.

 

[Niyi Briggs]

I wanted to rent a tractor for someone sometime ago and I was shocked at the amount that was quoted. A days income is an equivalent of that of an average salary earner.

 

[Bisolami]

I wanted to rent a tractor for someone sometime ago and I was shocked at the amount that was quoted. A days income is an equivalent of that of an average salary earner.

It is always very expensive than the way we think about it and that is why you see that a lot of farmers to do not make use of them because they cannot afford to rent it

 

[Stardom22]

That business is very profitable in deed. However starting the business requires a huge amount of capital. I hope only companies can afford that kind of the businesses for sure.

 

[Bisolami]

That business is very profitable in deed. However starting the business requires a huge amount of capital. I hope only companies can afford that kind of the businesses for sure.

Buying a truck involves a lot of money or even a bulldozer and that is why a lot of people don't have it but some people are very lucky to have it and they rent it out to make more money

 

[Passiveearner]

Trucks are available for rent and there are many construction companies that tend to avail the services of such kind of companies as they have to use those trucks for construction purpose.

 

[Bisolami]

Trucks are available for rent and there are many construction companies that tend to avail the services of such kind of companies as they have to use those trucks for construction purpose.

Anyone who can buy truck seem to be rich. It is not everyone who will be able to have the money for truck since some people are not buoyant enough. I guess it is better to rent

 

[IB D]

It is not a business for the small time entrepreneurs. With this kind of business, you are sure that you would never lack money in your life if you manage the equipment wel. B