Coaster bus renting business is one of the most lucrative businesses one can think of in this part of the world. Owing to the fact that so many people need these buses to go for wedding receptions, burial ceremonies, child dedication, etc. We would be looking at how profitable this business is and how to get started.
In Nigeria and indeed most parts of the world, ceremonies are taken so seriously that we are too good at honoring such invitations. Every other week, you see people, organizations, businesses, social clubs, churches, etc. renting these buses to attend various ceremonies.
What is a coaster bus by the way?
A coaster bus is a single-decker 30-seater bus built by Toyota Motor Corporation. It is the usual bus you see different organization go out with. They are economical when it comes to fuel consumption and this makes them ideal for this type of business. Check the picture below.
Schools, churches and a few government agencies own these buses and the demand for them are not met with the available buses.
How much does a coaster bus cost?
A Toyota coaster bus can be purchased with as low as 4 million naira (for fairly used coaster buses). Brand new ones could cost more. You can check various online sites like jiji, checki.com.ng and other market places for second hand Toyota coaster buses.
If you have enough capital, you can get one or more for yourself and voila! You are ready for business. You can also check for new ones on online stores like Alibaba or by searching the internet. You can also check car dealers around you to buy one.
Why should I consider the coaster bus business?
We earlier stated that the demand for coaster buses are not met by an equal supply as there are just few of them out there. Also, so many people do not know how to get these coaster buses as they are owned by schools and government officials.
Africans and Nigerians in particular are social beings and so, they end up spending millions of naira renting coaster buses. Some businesses with so many staff hire up to 5 coaster buses for ceremonies and guess what? The owners of these buses earn lots of money in the process.
Also, organizations and social clubs spend money renting these buses for excursions also every other week.
Just last week, our organization had to hire one for a wedding ceremony of our colleague and we had to pay lots of money to the owner of this bus just for a day – not even up to 6 hours.
How do I manage the business?
If you are less busy, you can opt in to drive the bus yourself if someone hires it or you can employ a driver (preferably a married man) to drive the bus for you. This is because married men are more likely to handle your bus with care and drive gently on the road.
If you are looking for your next investment plan, then you have to consider this coaster bus renting business. It is very lucrative and you can earn lots of money in a short period of time.