How to Start a TukTuk Business in Kenya, Costs and Earnings
Tuktuks have been widely adopted in Kenya since their arrival. This article provides information on how to start a successful Tuktuk business in Kenya, costs, and earnings.
A Tuktuk business may be started with little investment and can quickly become successful in Kenya. It’s a thriving industry; depending on where you are, a day’s earnings might range from Ksh 1,500 to Ksh 4,000.
Here is how to start a Tuktuk business in Kenya.
Starting a Tuktuk business in Kenya
- Create an efficient business strategy for your Tuktuk business, which you can use as a reference when it comes to the administration of your business.
- Find a suitable location. Locating an ideal place for your Tuktuk business is critical. The Tuktuk industry thrives in crowded urban and commercial regions. It’s also essential to figure out where exactly you’ll be taking your passengers. Set your Tuktuk fares according to the distance your customers would be traveling.
- Capital. Utilize your funds or get a loan to finance your business startup. Additionally, you may get finances from relatives and friends.
- Obtain a driver’s license. Obtaining a driver’s license and taking a Tuktuk driving course are crucial steps. If you don’t, you’ll never get along with law enforcement and might end yourself in prison.
- Insure your Tuktuk. You should also ensure your Tuktuk is insured so that you are financially protected in the event of an accident. Make sure you have some insurance, even if it’s only third-party coverage.
- Determine the most dependable model of Tuktuk. Find the best Tuktuk available. Before making a purchase, it is essential to do your homework and find the best Tuktuk model in Kenya. Model selection is based on desired functionality, expected lifespan, and construction material.
Here are a few varieties of Tuktuks available in Kenya.
Read also, How to Start a Video Game Business in Kenya.
Cost of starting a Tuktuk business in Kenya
Starting a Tuktuk business in Kenya depends on its kind, durability, and how many Tuktuk you want to purchase. Start with one Tuktuk and grow later. Tuktuk business in Kenya cost breakdown:
- Tuktuk driving course: Ksh 8,000
- Three years driver’s license: Ksh 1,500
- Tuktuk price: Ksh 450,000
If you are considering buying a new Tuktuk in Kenya, listed below are some of the most popular brands and their corresponding typical costs in Kenya:
- Dayun – Ksh. 260, 000
- Bajaj – Ksh. 495,000.
- Piaggio – Ksh. 300, 000
- Haojin – Ksh. 200,000 to Ksh.285, 000
- Cargo tuk tuk – Ksh.238,000 to Ksh.300,000.
- V8 tuk tuk – Ksh.500,000
You can also buy a second-hand Tuktuk, which is cheaper. A second-hand Tuktuk costs between Ksh. 100,000 to Ksh. 300,000.
Read also, How to Start an Airbnb Business in Kenya.
Profitability of a Tuktuk business in Kenya
The Tuktuk business might be lucrative if it is situated in a good area. Tuktuk drivers may earn anything from Ksh 1, 500 to Ksh 4,000 daily.
If you employ a driver, you may agree that he’ll get Ksh 900 per day and retain the remaining as his salary. Tuk tuks see the most demand in the morning and evening when people are heading to and from work.
In Kenya, operating Tuktuks is a lucrative business. When individuals get to and from work in the mornings and evenings, Tuktuk services are in great demand. Invest in a durable Tuktuk model that will last you a long time.