Car hire business is one of the most profitable businesses in Nairobi whose profits come in millions. Though the business is gaining more new entrants, it still remains lucrative.
As an alternative to employment, this is one business you could start and have no regrets afterwards. I have seen many youths grow to become multi-millionaires in the business, why not you!
Capital is required in starting car hire business in Nairobi
A single personal car is enough to start a business. However, it must be well maintained and able to provide the comfort a customer wants. Many entrepreneurs start the business with as little as Ksh 500,000.
You can also venture in large scale car hire business where you give out to big corporations, church functions and wedding parties. This one requires a fleet of cars or trucks.
You will draw your customers from individuals who want to drive to work but they haven’t acquired their personal cars. Other clients include weddings, birthday parties, expatriates, tourists, schools, churches, manufacturing companies, hotels, and even banks….the list is endless.
A small car charges between Ksh 3,000-Ksh8, 000 per day while a 24-seater bus charges between Ksh 10,000-Ksh25, 000 per day.
According to my research, every single car makes up to Ksh2, 000 per day while a 24-seater bus makes Ksh 5,000-Ksh 15,000 per day.
The profits can go up depending on the season. Christmas season is the best for this business.
Best place to buy a car cheaply
You can import a car using SBT Japan which is cheaper than the local bazaar. Alternatively, you can get one from big companies like Toyota Kenya, CMC,General Motors and DT Dobie