Baum Pvt Ltd commissioned us to create a comprehensive business plan to secure MVR 50.16 million for a pioneering Garage Complex in Hulhumalé Phase 2. The project directly addresses the exponential growth in population and subsequent critical shortage of safe and convenient vehicle parking in the newly developed area. Our plan detailed the development of a 7-storey facility featuring a fully automated parking system for both permanent and temporary users, complemented by high-value integrated services: a large supermarket (leased operation), the Maldives’ first automated car wash, and essential vehicle repair/maintenance workshops.
The plan included thorough market analysis, a technology-driven operational model, HR structure, marketing strategy, and extensive 10-year financial forecasts. It demonstrated exceptional investment potential with a projected payback period under two years and a robust NPV, positioning it as a highly viable solution.
- Integrated Service Model: Defined the unique combination of automated parking, retail, car wash, and maintenance as a comprehensive, convenient solution for residents.
- Technology Integration Plan: Specified the use of automated systems for parking (ticketing, gates) and car wash, including smart parking software, to ensure efficiency, security, and a modern user experience.
- Investment & Financial Justification: Developed detailed 10-year financial projections proving project viability, including the MVR 50M+ startup cost, a rapid sub-2-year payback period, and a high NPV/IRR, crucial for securing investor funding.
- Market Demand Validation: Provided analysis confirming the significant and growing demand for secure parking and related convenience services specifically driven by the rapid residential development in Hulhumalé Phase 2.
- Comprehensive Risk Assessment: Identified and provided mitigation strategies for key risks, including operational (theft, safety, equipment failure), financial, compliance, and IT security specific to an automated, multi-use garage complex.
Client
Baum Pvt Ltd
We crafted the business plan for a multi-service automated garage complex in Hulhumalé Phase 2, designed to secure MVR 50 million investment. The proposal addressed the area's acute parking demand with an integrated model including automated parking, retail, car wash, and maintenance services.