A night parking is a place where vehicles can be parked throughout the night. Its market is determined by the availability of vehicles and absence of parking grounds in the place where you choose to construct them. Parking grounds may be tarmacked, made of concrete, pavers, gravel or marram. The business idea aims at packing space for 1,200 vehicles per month which translates into 14,400 vehicles annually.
The revenue potential is estimated at $1,250 per month, translating into $15,000 per year with a sales margin of 10%; the total capital investment for the project is $890.
The parking ground is expected to accommodate 50cars daily throughout the month both day and night.
Technology and Production process:
All you need is land with a fence or perimeter wall. You also need a guard to ensure safety of the vehicles. You may put monitoring Cameras and automatic alarm bells as additional security. The size of the parking determines the number of units to accommodate.
The demand for Night parking facilities is very high especially in Urban Areas. There are widely established Night parking centers across the Country.
Scale of Investment:
- Capital Investment Requirements
|Capital Investment Item||Units||Qty||Unit Cost||Amount|
- Operating Expenses
|Cost Item||Production Cost/ month||Production Cost/Year1|
|General costs (Overheads)|
|Adverts and Publicity||200||2,400|
|Depreciation (Asset write off) Expenses||55||663|
|Total Operating Costs||1,705||20,463|
Production is assumed for 365 days per year.
Depreciation assumes 4-year life of assets written off at 25% per year for all assets.
- Project Production Costs and Price Structure in US$
|Service||Sv/ day||Sv/ Year||Service cost||Service charge||Total revenue|
- Profitability Analysis Table
|Profitability Item||Per day||Per Month||Per Year|
|Less. Operating Costs||66||1,705||20,463|
The Government has tried to keep security in Uganda.
Research was done by Business Synergies for Uganda Investment Authority SME Department.