If you have an idle plot in a prime area, buy empty container and partition it into stalls. You will let the stalls to your clients. This is cheaper than building a house for business.
Instead of building a house for business, you can buy empty used shipping container. There are two types of containers,40ft and 20ft.The most common and profitable one is the 40ft container which costs Ksh 350,000 to Ksh 600,000. A 20ft container costs Ksh 200,000 to Ksh 400,000.
If you get a good dealer, they will sell 40ft container for Ksh 400,000. This will be a great deal for you.
A 40ft container will be partitioned into 6 shops. You will charge Ksh 4,000 to Ksh 8,000 per shop. Assuming that the average rent per shop is Ksh 5,000, the 6 shops will generate Ksh 30,000 per month. Subtract Ksh 8,000 expenses. You will remain with a profit of Ksh 24,000.
You will make at least Ksh 200,000 per year. If you purchased the container for Ksh 400,000,it will take you 2 years to recover the money.
The best way to know where to buy the containers is to contact those who have already purchased them.Visit a nearby shopping center and try to inquire and get more insight.
There are many companies online selling the containers. They include: Jiji,Container Xchange,Premium Containers Kenya,Pinuphouses and Frontier Containers.
You need 3 to 4 containers in a 50 by 100 plot.If you put 4 containers, then your profits will be decent. You will be making average of Ksh 80,000 per month from your business.
Buying a container is cheaper than building a house,To buy a container and partition it,you will spend Ksh 500,000.To build a house in the same space,you will spend Ksh 800,000 to Ksh 1.2 million.
The advantage of a container is that you can remove it from the place any time and build a permanent structure there in future.The container can also be sold to someone else in case you don’t need it anymore.
Installing a container takes few days,even a day.It’s not time consuming like building a house.You also don’t have to get many approvals to install one.
