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Publication: 18:58, 02.05.2020No. of the advertisement: 2119
What is your idea / business and to whom is it addressed?
Wai Housing Company is a limited liability company duly incorporated under the laws of the Republic of Uganda and run by a team of energetic and dynamic professionals qualified and experienced in different fields of operations such as architecture, survey, legal and advisory. Our goal is to pool like-minded investors towards real estate development and we are currently planning our first development called the New African Village, a 14 unit two bedroom housing project.
How should the idea/business earn money?
The Project involves buying land in a well-planned estate with access to infrastructural facilities and constructing the houses with the intent of selling them for a profit. It is estimated that the total revenue from the sale of the 14 units will be $616,000. We also estimate that the total cost of the entire project to be $454,000. Development profit is projected to be $121,925 and the idea behind this proposal is to provide an opportunity for investors to realize a 75% profit share and retain their original investment. Targeted return on investment is 20% and turnaround time is just 8 months.
At what stage is the idea / business at the moment?
The company has already identified a suitable site for construction located in Wakiso town council, a highly desirable municipality of the greater Kampala district, and the team will strive to work as a cohesive unit focused on exemplifying our mission of satisfying both customer and investor.
What do you need?
Wai Housing Company is seeking a business partner to invest $2,000 in return for a 12% equity stake in the company to meet the initial costs related to raising the $464,000 required to develop the project. More details available in the business plan.
2 000,00 USD
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