Transport Business Plan

Interstate Transportation business in Nigeria is a highly lucrative one with many investors involved and a lot of new investors coming into the industry as it gains more awareness. Transportation right from time immemorial many of its early investors have a reaped a lot of benefits which is almost unbelievable. Transport is a very crucial part of day-day activities in any country in the world as it involves the movement of people and goods from one place to another, the transport sector is evolved from it used to be in the olden days making it better and more advanced.

In a country of over 180 million people, the number of people using road transport daily can only be imagined, some people commute from their place of residence to their place of work while, some from their homes to school while others use transport to move goods from one place to another. There are also a large number of people travelling from one part of the country to another for different reasons. Putting all these into consideration, it is clear to see that the transportation business is a very profitable business venture.

Ever since the collapse of the Nigeria railway system, many people have switched to inter-state transport as a means of inter-state travel and as movement of goods since its more affordable compared to airlines.

Utibe transport Ltd is a company focused at providing cheap and affordable inter-state travel services to the populace.

The Company will create a bus station fitted with top notch luxury buses to ensure a smooth and comfortable journey the bus station will be located in Egbeda area of Lagos. Its initial capacity will be 7 busses and will each bus will commence its journey after it has gone through the necessary safety checks to prevent break down while on the road. In future the company will plans to expand by opening bus stations at different parts of the country and have a further reach in different states in the country. The Company is committed to its passengers and puts their safety first before other things and ensure the passengers a comfortable journey at an affordable price.

Table of Content

Table of Content3

1.0 Executive Summary5

1.1 Objectives7

1.2 Mission7

1.3 Keys to Success7

2.0 Company Summary8

2.1 Company Ownership8

2.2 Location and facilities8

2.3 Start-up Summary8

Table: Start-up Funding9

3.0 Services9

3.1 Competitive Comparison10

3.2 Future Services10

4.0 Market Analysis Summary10

4.1 Target Market Segment Strategy10

4.2 Market Segmentation11

4.3 Industry Analysis11

4.3.1 Competition and Travelling patterns11

4.3.2 Main Competitors12

4.4 SWOT Analysis12

4.4.1 Strengths12

4.4.2 Weaknesses13

4.4.3 Opportunities13

4.4.4Threats13

5.0 Strategy and Implementation Summary13

5.1 Value Proposition13

5.2 Competitive Edge13

5.3 Marketing Strategy14

5.4 Business Strategy14

5.4.1 Business Forecast14

6.0 Management Summary17

6.1 Organizational Structure17

6.2 Management Team17

6.3 Personnel Plan17

Table: Payroll Year 118

Table: Payroll Year 1-318

7.0 Financial Plan18

7.1 Breakeven Analysis18

7.2 Projected Profit and Loss19

7.3 Projected Cash Flow21

7.4 Projected Balance Sheet22