The Agrikaab Stores will be one-stop-shop for agricultural supplies, products, tools and small equipment for farmers in Somalia.
Store size: 300 m2
Minimum investment: $ 300
Funding target: $ 120 000
Expected employees: 2-8
Estimated annual ROI: 20%
One of the biggest challenges facing farmers in Somalia is finding agricultural supplies. The Agrikaab Stores will be one-stop-shop for agricultural supplies, products, tools and small equipment for farmers. They will be able to buy seeds, fertilizers, livestock feed, greenhouse construction materials, and other agriculture related products to increase the productivity of existing farms or start a new one. The products will be imported globally. Like the rest of our projects, the stores will be investable on the platform and will contribute to the development of the agriculture sector in Somalia. We are planning to open this store in Mogadishu in August/September 2019.
We are crowdfunding the initial capital to buy inventory for the stores. As an investor you will get a share of the profits the store generates. Every quarter we will report how much revenues have been made. Investors will get 70% of the net profit from the stores after we pay the operating costs and inventory. Investment period will run until the investor has received their money back with 60% profit.
We are raising $ 120 000 to buy inventory for this store. We estimate the store can make a profit margin of between 30-100% from the products. The operating costs are expected to be around 5-10% of the store revenues per quarter. When fully operational we estimate this store to generate a gross revenue of around $ 48 000 per quarter. After paying the operating costs and inventory. We estimate the store can make a net profit of $ 22 800 per quarter. The investors will get 70% of the net profit which will be $ 15 960 per quarter or $ 63 840 per year. Based on this estimate the investors could get their money back with a 60% profit in about 3 years. Payments will be made on quarterly basis.
This is an estimate of potential return on investment on a 3 year period.
|$ 300||0.25 %||$ 479||20 %|
|$ 1 200||1 %||$ 1 915||20 %|
|$ 6 000||5 %||$ 9 576||20 %|
|$ 12 000||10 %||$ 19 152||20 %|
|$ 60 000||50 %||$ 95 760||20 %|
|$ 120 000||100 %||$ 191 520||20 %|
This an estimated timeline and may change over time.
|May 2019||Jan 2020||Apr 2020|
This project will contribute to the development of agriculture in Somalia by bringing much-needed supplies, products, tools and equipment for farmers and create jobs for employees who will work at the store. It will boost the productivity of local farmers and inspire new people to become farmers by making it easy to find everything they need for the profession. We expect up to 8 people to work at this project when it is fully running.
Every investment carries risk and investment with Agrikaab is no different but we try to be transparent and do our best to minimize the risks. These are the potential risk with this project
By investing in this project, you agree to the following terms of investment as well as the general terms of service available here.
Our investors come from all continents from more than 50 countries
It has been very joyful to show friends and colleagues pictures of my animals in Somalia. They are a great icebreaker in business meetings as well.
Isak Bakken, Sweden
This is very interesting. To be able to own animals in Africa, support economic development and take a social responsibility.
Kenth Juthberg, Sweden
Always fantastic customer service. I've asked them several questions since joining and they have always responded fast and professionally about the matter.
Amerigo Lusso, Denmark
In a simple and playful, way we have now bought animals in Somalia. Through our investment we contribute to create jobs for people who don't have opportunities today.