Spraybooth and Investment Analysis

Spraybooth and Investment Analysis

 

The business of car or automobile spraying is a very competitive business in Nigeria but it is lucrative when the operator of the service is able to use cost-effective marketing and innovation in serving his target customers. In this article, which is a sample business plan, I will be scratching the surface of this business opportunity and showcasing challenges and threats that can negatively affect the growth and profitability of the business within the Nigerian environment. Think of it in the same way as a painting given to a new building.

The main reason is aesthetic but the spraying of a car is a form of vehicle maintenance as it contributes overall to the improve the market value of a car, especially in a thrifty market like Nigeria where cars are still in use more than 20 years from their actual production dates. Nigeria has one of the world’s largest populations for second hand cars. As at 2014, they were more than 11 million cars in use and most of these cars were for commercial use dating back to about 10 years in use.

The tendency that these cars are exposed to harsh weather, overuse and abuse are high. These in turn, causes the car paintings to decline in sharpness and start fading. Besides, Nigeria is known to have a large number of reckless drivers who are prone to initiating physical damages on vehicles. Road accidents create damages to cars that requires repairs and some of those repairs involve body work including spraying.

More importantly, the devaluation *in naira and inflation has caused the importer of used vehicle without clean title (accidental vehicles) which are less in prices. Dealers can now fix these vehicles and place a premium price on them . With this, customer can still buy at prices that was applicable when dollar was at three hundred and sixty naira (#360) to one US Dollar (1$)

 

Product and Investment Analysis

To begin with, spray booth business can be operated on rental and full-time basis. On rental basis, an established car spraying workshop can have between eight(8) to twelve cars(12) daily being sprayed and baked ( each can need an average of 45mins to spray in the booth and 5mins for baking) This means, in a month, that could potentially be between two hundred and fifty (250) to three hundred (300) cars.

The less established but successful car sprayers may have 7 to 8 cars daily while the majority of car spraying workshops could do between 180 and 200 cars a month. With an investment between 14million to20 million naira,
the average fees for a Spray booth service is between seven thousand naira (7,000 naira) to fifteen thousand naira (15,000 naira) depending on your market. Assuming the business can generate 200 sales per month averaging 7,000 naira per sale will amount to one million four hundred thousand naira (#1,400,000) while sales will amount to sixteen million, eight hundred thousand naira (#16,800,000) within the first year.

 

The cost of running the booth should not be more than 30% of the total expected generated income conservatively.

 

For the full service, spray booth service workshops can make up to twenty thousand naira (#20,000) to thirty thousand naira (#30,000) on one car. Remember, the spray booth comes with 1 year warrantee and the booth has been structured to last for minimum of 10 years.


The cost of maintenance is very low, as cleaning and change of filters is the basic maintenance required.
Top filters is not more than thirty thousand naira (#30,000) for one which will be okay to spray a maximum of 100 to 150 vehicles. The top filter at one hundred and eighty thousand naira (#180,000) is expected to spray up to 400 vehicles. This can also be cleaned with water.
The business need less manpower which is one of the bane of business risk in Nigeria. One trusted person can manage and run spray booth successfully

Product Objective(Spray Booth Oven)

 

One thing about vehicles is that their value significantly depreciates over time. This is even more so if the painting has already lost it’s natural shine and gloss. While re-spraying your car can be a roadside project, the quality of the workmanship may not be that great. Furthermore, the evenness of the paint coating may not be guaranteed, giving you a botched car painting job.

Oven-Baked Automotive Painting

You don’t have to paint your car at the roadside. Garu Technologies Nigeria LTD says, you can always take it to a car body shop for a fresh coat of paint. However, you need to choose between ordinary spray painting and oven-baked car painting. While one is definitely cheaper than the other, oven-baked car painting does have its perks.

The question now is why oven baked?

1. Dust-Free Environment

The environment where low temperature oven-baked car painting is performed is generally dust-free. This results in a more stable application of a coat of paint. It’s this dust-free environment that makes the car oven an ideal place for automotive repainting If it were to be performed outside, dust would readily settle on the wet paint, giving the whole car a speckled look and a rather coarse finish, instead of the glossy and smooth finish you’d expect.

2. Environment-Friendly

In addition, the room-sized oven is fully filtered to protect the environment from the harmful chemicals found in automotive paints. If the painting job were to be performed outside, the airborne chemicals can be carried elsewhere and can readily settle on other life forms in the immediate surroundings.

3. Time Friendly

Oven Baking is time friendly. Within an hour,  oven baked vehicles are ready for use with clean, perfect and glossy outcome, not to be compared with roadside painting performed outside which will have to take about a day or more.

4. More Durable Finish

Perhaps the best advantage of oven-baked car painting over the ordinary type of automotive repaint is the strength and durability of the finished paint coat. With air temperature maintained at a constant setting, individual paint molecules are evenly distributed across the surface of the car. This creates a very even layer and color of automotive paint.

Additionally, since the paint molecules have been sprayed onto the car in exactly the same environmental conditions, they are better able to bond with each other. This creates a stronger and more durable paint finish.

 

 

Comments (5)

  • Gabriel Reply

    What is the cost outlay to set this up in Abeokuta? And what is your after sale service like? How long does it take to do a complete paint job of a car? Is the cabin space large enough for SUVs?

    July 3, 2022 at 12:04 PM
    • admin Reply

      Dear sir/Ma.

      Current prices of garutech premium brands of Spraybooth are as follow.

      Cash and carry :
      Garutech Spraybooth for the one we have in stock = 11.5million naira

      Pre-Order:
      We also have 2 types of Pre-order offer for the Spraybooth for people wiling to save some money by trying to buy directly from abroad. With us you will save a lot of money , reduce risk associated with importation recently and also have rest of mind.

      1ST TYPE.
      Outright payment for the Spraybooth (Delivery may take up to 3months)
      9.9million naira
      Client is protected from any increase.

      2ND TYPE,
      Buying in china directly.
      Spraybooth = 5.2million or 8,950 USD
      Note : if you would like to purchase one with less specifications price would be less.

      Shipping = 4,900 USD

      Clearing = 1.9million naira..
      (Delivery is between 2 to 3months)

      Take note that our booth configuration is rear to find in Nigeria market. ( intake 7.5kw+ exhaust 7.5kw. 420V, 3PH
      Burner is Rielo G20)

      1 year warranty

      Our spraybooth is structured to last for up to 10 years

      This prices may not be static bcos of the forex volatility and frequent increase in shipping and clearing cost

      Prices exclude installation, compressor and transportation to client site from our warehouse.

      Compressor prices are
      750,000 for 7.5 horse power or 850,000 for 10hp , There are lesser ones.

      Installation cost is 250,000 to 350,000 naira depend on location in Nigeria. And client may need to provided accommodations too for tech team.

      For investment explaination

      Click here : https://garutech.ng/spraybooth/

      You can check products installation , our company activities and testimonies from our happy client here on our YouTube page sir

      https://youtube.com/c/GaruTechnologiesNigeriaLimited

      If you would like us to send you pictures and videos of Spraybooths already installed with testimonies from our numerous and happy customers , kindly indicate interest

      Pls call or contact us on whatsap sir. 08023190606

      Kindly help share this information to anyone that might be interested in this biz .

      Thanks

      July 15, 2022 at 3:54 PM
  • Kalu Ogbuji Reply

    Dear Sir,

    I think I’m interested.

    Could you please send further details about the Spraybooth including installation videos and pictures anyother information on the investment and likely returns.

    August 22, 2022 at 3:15 PM
  • Chu Joseph Isaac Reply

    I need it in ph how much

    November 17, 2022 at 10:13 AM
  • Brass Yikabo Oforibosibo Reply

    I’m interested in the Car spray booth oven innovation of Garutech. I’ve constructed an office space for auto parts dealership. However, I have a car pack space of 8ft by 40ft for the installation of the spray booth oven, along the road. Can this space suffice for the spray booth installation?
    Again, can’t your company allow for instalmental payment?

    March 5, 2023 at 5:26 PM

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