Photo - Logistics project
23355

Logistics project

Nigeria
Market: Logistics and warehouses
Stage of the project: Operating business

Date of last change: 14.11.2017
Min investment
$  100.000
0
Total required
$ 900.000
Rating
equalizer 175 из 1000
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Idea

Harris Wetlands Limited is a Logistics company incorporated in 2012 in Nigeria. Presently operating in Lagos Nigeria. We require funding for the procurement of trucks to kick-start a contract for the provision of trucking services for AP.Moller-Maersk.

Current Status

We have something already done. We have a running company and staff working for us. We have one client which is Damco a subsidiary of AP. Moller-Maersk. And a potential client GMT logistics in Nigeria.

Market

The market is huge as there are so many shipping companies here in Nigeria. AP. Moller-Maersk is one of the largest shipping companies globally. They ship containers all over the world and they have a presence in all the countries in the world. There is also Mediteranean shi

Problem or Opportunity

Our client Damco is the logistics arm of AP. Moller-Maersk. As a result of the high influx of containers shipped to Nigeria and containers for export out of Nigeria by the clients of AP.Moller-Maersk, Damco is charged with the responsibility of making sure that these containers reach their client's warehouse and offloaded. Damco does not operate trucks but they require trucks from trucking companies like ours to provide trucks to deliver or pick up containers for export for their clients. Also, there are opportunities for cross-border logistics services within West African countries from Damco.

Solution (product or service)

We will be providing trucks to move containers from the ports to different locations within Lagos Nigeria. Also, in the case of export, we will be using the trucks to transport containers from the clients base of Damco to the ports. We will be expected to transport about 50 containers for Damco weekly.

Competitors

We have a lot of competitors, both local and international of repute is Saima Nigeria Limited an international trucking company. They have a lot of trucks in the region of about 200. This gives them a strong edge as they can service a large pool of customers. The local trucking companies have between 10-50 trucks and they serve
local shipping companies, manufacturers, construction companies e.t.c

Advantages or differentiators

Our own advantage over our local competitors will be the deployment of cutting-edge technologies to run our system. We will be deploying technologically advanced tracking systems for our trucks, Enterprise Resource Planning systems to run our operations, Well trained drivers to drive our trucks. Unparalleled customer service to respond to our clients.

Finance

With our financial model, the main indicators are (1) The price of diesel as it fluctuates. (2) The price of spare parts due to the exchange rate of Naira to the Dollar. (3) Sales expectations in 5 years is

Business model

1. You buy the truck, get it insured, get it registered and ready for business.

2. You lease the truck to us, for an agreed amount that will be paid into your account on monthly basis, and we take care of the driver and maintenance.

3. Harris Wetlands manages the truck for you and pay all income into your account, you are responsible for the driver and maintenance and you pay Harris Wetlands 20% of your monthly income while we manage your truck.

4. Or you make straight investment of N100million with us; we pay you N5million monthly as profit for 20 months. You get

your N100million investment capital back at the end of the 20 months or anytime you wish to terminate after one year.
5. The agreement can be terminated by the investor by giving a year notice if he wishes.

Money will be spent on

We need the investment to purchase trucks and trailer which will be leased to Damco.

Offer for investor

We offer 5% shares of the company

Risks

The risk of accidents to the trucks and goods being transported in the containers. This can be mitigated by comprehensive insurance cover for both trucks and goods.

Incubation/Acceleration programs accomplishment

None

Won the competition and other awards

None
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video