1. BRAND NAME: LAGBUS
2. BRAND ORIGIN: Lagos State, Nigeria
3. COMPANY NAME: LAGBUS Asset Management Limited
LAGBUS started operations on the 17th of February 2007. LAGBUS was created out of the experience of Lagos state over the years to assist in alleviating the transportation issues in the state. With over 600 buses and 62 routes currently in operation, we operate a prepaid and on-the-bus ticketing service available in different denominations on our different routes.
LAGBUS COMPANY PROFILE
LAGBUS Asset Management Ltd was founded in a bid to assist in addressing multi-faceted challenges confronting mass transit systems in the state.
LAGBUS operates the biggest metropolitan bus service in Lagos, operating across various routes.
As a bus service provider, we support the development of more sustainable travel solutions to reduce the growing social, economic and environmental costs associated with current travel patterns.
In a sustainable transport network, safe, quality services attract a wide range of passengers with different travel needs.
It also provides an efficient travel time and encourages a modal shift away from regular car usage.
To create a safe modern, secure and sustainable bus transportation service designed for the special needs of Lagos.
In achieving our vision; we will use best practices while creating opportunities for all stakeholders and be a model for others.
To deploy buses in dedicated right of way, with prepaid tickets, select operators and GPS monitoring to create a modern bus transportation system for Lagos.
Our success shall depend on the expertise of our people, a uniform service, high standards and full compliance.
Leventis/CMS – Adeola Odeku- Eko Hotels
Iyana-Ipaja – CMS/Broad Street
Dopemu – CMS/Broad Street
Oshodi – Ikorodu
Oshodi – Obalende
Agege Pen Cinema Sango Toll gate
Oshodi – Iyana-Ipaja
Abule-egba – Oshodi
Park n Ride Tollgate – TBS/CMS
Alapere/Iyana Oworo – TBS
Inner Marina – Mile 12 underbridge
Obalende – Ojubode (Ikorodu)
Oshodi – Berger
Berger – Leventis
Oshodi – Mile 12 Underbridge
Ketu – TOS Benson(Ikorodu)
Ijora – Owode Onirin
Alausa Secretariat – TOS Benson(Ikorodu)
Oshodi-Mushin – Cms
Ikotun – Oshodi
Ojota – Oshodi
Abesan – Oshodi
Cele – Inner Marina
Ajah – Cms
Ajah – Obalende
Ajah – Oshodi
Ijede – Tos Benson Ikorodu
Ita Oluwa – Tos Benson Ikorodu
Oshodi – Cms
Ikorodu-Ketu-TMB – Cms
Ikorodu-Ketu-Funsho Willams – Cms
Ishawo – Cms
Odogunyan – Ketu/Ojota Interchange
Yaba – Oyingbo-Idumota
Oshodi – Mile 2 Berger/Kirikiri
Sango Tollgate Oshodi – Mushin-Moshalashi
Abesan-Idimu-Ikotun – Mile 2
Cms-Tbs-Awolowo Rd – Ajah
Agege – Iju
Iyana Ipaja – Berger Roundabout
Oshodi Apapa-Wharf – Cms
Sango Tollgate – Oshodi
Oshodi – TMB-Cms
Ogba – Obalende
U Turn -Agege Pen Cinema – Alausa Secretariat
Ijede – Ikeja
Igbogbo – Ikeja
Imota – Ikorodu
Ikorodu – Mile 2
Ishawo – Oshodi
Ikorodu -Mile 2
Mile 2 – Idumota
Iyana Ipaja – Iddo
Yaba – Idumota
Sango Tollgate – Oshodi
6. DO YOU HAVE ANY EXPANSION PLAN / PROPOSED LIST OF EXPANSION LOCATIONS:
Yes, we do have plans to expand, but the locations are all within Lagos state.
7. PHOTO GALLERY:
8. WHAT DOES THE FRANCHISEE GAIN FROM YOUR BRAND:
The Franchisee will gain: Steady flow of income, make profit and enjoy the benefits of trading under the brand using the business system including our business format and intellectual property rights.
There are currently eighteen (18) franchisees operating with a total of 501 buses on 41 routes under the Route Franchise scheme in Lagos state. A summary is presented below:
9. OPERATING FRANCHISEES
Number of Franchise companies operating – 18
Number of Franchise routes operated – 41
Number of buses operated – 501
Number of buses planned for deployment within the next 9 months –
10. SUMMARY ON HOW TO APPLY FOR ROUTE FRANCHISE LICENCE UNDER LAGBUS
Interested applicants for route franchise are to forward their application letter indicating the route and vehicle type to LAGBUS office at Tisco Plaza, Alausa CBD, and collect an application form from the LAGBUS Legal Department.
The application form will be completed and submitted along with the following:
a. A N50, 000.00 application fee (in form of cheque or bank draft in favour of LAGBUS Asset Management Limited)
b. Certificate of registration of company or co-operative
c. Memorandum/Articles of association (MEMART)
d. Evidence of tax payment by the directors
e. Income tax returns of the company
f. Profile of the company
g. Profile of the technical personnel
h. Last three years financial report showing annual turnover
The screened application will be passed on to the Transport Committee for consideration.
11. WHAT IS YOUR UNIQUE BUSINESS PROPOSITION:
Provision of safe, affordable and reliable bus transport service to commuters in Lagos State and improve the standard of living.
12. WHO IS THE IDEAL FRANCHISOR:
An ideal franchise is a business whose systems are clear and successful enough to be replicated and whose business model is adaptable enough to work in many locations with a variety of business owners. A successful franchise has a strong identity and a healthy profit margin, as well as the capacity to thrive without the hands-on management of its original founder. Although a franchisee should come to his endeavor with business sense, the franchisor should have already done the work of figuring out what the franchisee needs to do to succeed.