Jackson Muriuki, a Nakuru-based businessman, is now making a fortune in the bicycle business years after quitting his journalism profession.
The businessman imports bicycles from the UK to sell them locally, a business idea he got while still in high school.
Muriuki revealed he had just received a bicycle as a gift from his father, which he later sold to a friend at Sh12,000.
This motivated him, and he would later start purchasing bicycles in Nakuru town and then resell them in Njoro, making a small profit.
Seeing the potential in this business, Muriuki decided to invest in it in 2013, thanks to his wife, who gave him a starting capital of Sh300,000.
Living in a Sh7,000 house despite earning Sh70k monthly salary helped me build wealth
“With that money, I did my first shipment of 300 bicycles and started selling them on the streets of Nakuru and at Maasai market on weekends,” he says.
He later acquired a one-million loan, which helped him purchase 800 bicycles. The businessman imports bicycles from Scotland. The bicycles arrive in parts, which are then assembled by his mechanics.
He sells both normal bikes and sports bikes for Ksh 6,000 to 150,000, depending on the size and brand.
“We stock a big range of bicycles from different brands like Shimano whereas for models we have kids’ bikes, Mountain bikes, three-speed bikes, road bikes, and BMX among others,” he notes.
His quality products have earned him clients across the country, and the businessman hopes to expand to other parts of the continent.
