Taxi business is a profitable business idea and because people always want to move from one place to another, there is always a demand for taxi/cab services.
One of the factors that determine the profitability of the taxi business is the location and in a densely populated city like Lagos, you can make up to N10,000 depending on which part of the state you are operating either in the mainland or island.
You can start with just one car and grow into a fleet of cars. You can also hand over your taxi to someone you trust, reach an agreement with the person on the amount to be delivered daily. This is the option if you can’t drive your car yourself. You necessarily don’t need o own a car before starting, you can rent a car and start and when you have made enough money, you can now buy your own car either brand new or fairly used. Starting a taxi business is capital intensive and it is mainly due to the cost of the car, the price of a fairly used car is at least 600,000 and the good thing is that you can approach a commercial bank for a loan, raise funds from family members and friends or your personal savings.
But don’t make the mistake of starting without a solid plan in place, you need a good business plan to guide you on how to register your business with the right authorities in order to avoid embarrassment, you also need to know the estimated amount required for you start including the right location to make more money and many more.
The Taxi Business Plan is expertly developed to help you jump-start your taxi business fast and make money without issues. The taxi business plan also comes with 3 Years of Financial Projections to help you secure funding from commercial banks, private investors.
It comes in a soft copy so you can edit easily and you can also order a full Custom version which will be completely developed for you according to your specifications. Get in touch with the necessary details about your business.
The Business plan is available in MS Word while the Financial Projections is in MS Excel.
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