To kick of The Car Village, it needs a one off cash injection of 12m ksh in exchange of 30% equity for any investor.Investment from investors can be partial or whole i.e. 6 investors giving Ksh 2m each will get 5% each of the equity share
This will be to purchase and renovation of 5 Double-Decker of 10 single deck buses to a tune of ksh 10m The Village search has led us to up to 3 buses whose owners are wiling to sell to us. Ksh 1m from the investment will be used to purchase a village van to help in airport transfers and tourist hire to local tourist destinations. Ksh 1m balance from the investment will go to salaries for the first 6 months.
With full occupancy for a month plus other village facilities, the village will make over 1m in profits projecting a break even in a timely 3 years. Here are the projected costs for the month of December 2017, if the village will be up and running by the times holidays check in;
Land that will be used for the first Car Village is ready with both water and electricity in Naivasha.
After this initial set up The Car Village will not buy more car shells instead car owner will be called to bring their cars to the village. This will help in two ways;
- Car owners will work tirelessly to market their cars in the village because for every night there is a visitor in their car they will earn a percentage of the money and in turn marketing for the village in whole
- Car owners will earn a subsidiary income bringing the car to the village instead of piling the car in the garage heaps that are becoming a common sight.