FINANCIAL INPUT TO START A NEW BUSINESS
Initial Investment * : ₹7,15,000
Office space requirement: 300 sq. ft.
Turnover to Break Even: ₹16,50,000
Typical earnings per container: USD 150
Typical Time Required to Breakeven: 6 months
Number of staff required: 4
|Running Expenses||Per Month||Annually|
|Staff Cost ( staff)||₹60,000||₹7,20,000|
|Total Running Expenses||₹1,30,000||₹15,60,000|
*Initial Investment Breakup:
Furniture & Systems : ₹1,00,000
Working Capital : ₹5,00,000
Deposit for Rental Place : ₹1,00,000
Website & Branding : ₹15,000
It is assumed that a new business owner will be handling 15 containers every month. Staff required of 4 include 1 at the Customs (salary 20,000 pm), 1 at the office for filing (salary 15,000 pm), 1 at the office for Admin and billing (15,000 per month), and one for documentation and delivery (10,000 per month). Working capital required for one container is typically USD 1500, however, it is assumed that you'll be able to get 50% financed by your client and you'll play with your working capital efficiently thereby managing with 5,00,000. These numbers have been obtained by interviewing a business owner based in Mumbai. Your numbers may vary based on your location and other factors. If you really want to start a freight forwarding (containerized cargo) and customs clearance business, you can also talk to a logistics professional. Simply scroll below to schedule your call.
Talk with Business Owners
Schedule a one-on-one call with business owners. Over a 1-hour call, have all your pressing questions answered before starting your business. Know the common mistakes you must avoid, understand current market trends and discuss customer acquisition strategies that you could adopt.
Business Owner : Amit Thakker
Amit @ Mumbai is a Director at 24x7 Logistics Pvt. Ltd. and partner at 21st Century Relocations.
Amit has over 10 years of experience in the area of Logistics and Supply Chain Management. He is currently managing 3PL operations, Project Management, Customs Broking, International and Domestic Removals. He is also a consultant for Logistics and Moving Industry.
In terms of qualification, Amit is a Master of Science in Logistics and Supply Chain Management from the University of Nottingham in the UK.
His specialities include: Operations Management, Process Improvements, Cost Optimization, Logistics Outsourcing, International Operations, Multi-modal Transportation, Customs Compliance Processes, Business Development, Perishables and Food Supply Chain, International Removals, Relocations & Pet Moving.
Next Availability :
Wednesday, 25-May-22 Between 6-7 PM
Friday, 27-May-22 Between 12-1 PM
Saturday, 28-May-22 Between 3-4 PM
Per call charge :