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I hate licking roofs and the fact that I couldn't afford a better apartment in my twenties. I'm determined to minimize this effect on others by building standard homes that would be affordable to the common man. Menlet properties has been around for quite sometime. However, it was just an agency that finds real estate buyers for sellers but it's time to move it up a notch to the real estate development sector.

I and my team are currently working on making Menlet the next generation property development company in Port Harcourt and we want to offer you the opportunity to be a part of the process. We build quality properties for rent which generates a steady monthly revenue in addition to the ones sold at a stretch.

Created by Felix Mene-Firima
General Manager
Location
Port Harcourt
Rivers
Nigeria
Startup Group View campaign discussion group
Funded By Amount Date

Anonymous
 ₦ 2,400,000.00 2018-10-11

Victor Konwin
 ₦ 630,000.00 2018-09-09
Website https://www.menletproperties.com
Startup Stage Maturity
Vision To bring to the common man, the world's modern stylish home design developed with cutting edge technology and offered at affordable rates.
Major Risk Limited funds can be a terrible factor that affects real estates and we are not exempted from that but thankfully, we have you and we are also very good in utilizing limited resources without compromising integrity.
Strengths People need where to rest their head at night - houses and the demand is growing everyday. Also, we are in Nigeria where a lot of people still lack proper homes.
Industry Construction
Target Market Over 1 million Nigerian students who upon graduation, will need their own apartments, offices etc.
Profitability Whether we are building houses for rent or for sale, the profit margin is always promising. A 4bedroom duplex developed with N30m can be sold up to N70m, generating over 120% instant revenue. Real estate is also one of the major sectors where assets' value appreciates rapidly.
Economic Importance Nigeria is still a country with little infrastructures and poorly built houses and we are here to change that, one building at a time.
Investor Role Just invest. We will do the work.
Revenue Medium Lease and sale of properties.
Founded 30-11-2016
Two Year Revenue Projection N250,000,000
Est. Break-even Duration 12 months
Share for Investors 20%
Est. Return on Investment 100% ROI

2019-03-13

Campaign end date:

2018-08-23

Campaign created on:

₦ 3,030,000.
raised of ₦ 35,000,000.
8.66%
87
Days left
8.66%
Funded
 
End date: 2019-03-13

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