6 Taxi Cab Business Success Stories [2024]
If you are an experienced driver and know your city well, starting a taxi cab business can be a very lucrative side hustle.
Here are the steps on how to start a taxi cab business.
- Secure your business licenses
- Secure financing and purchasing equipment
- Purchase a commercial insurance
Here are some real life success stories of starting a taxi cab business:
1. Best Deal Car Service ($3M/year)
Albert Williams, the founder of The Best Deal Group of Companies, stumbled upon the opportunity to purchase a car service after his friend mentioned that their agency was shifting to smaller sedans. Realizing the potential in the niche market of Non Emergency Medical Transportation (NEMT), Albert bought the company and grew it into a successful business, eventually becoming one of the largest NEMT providers in the state with approximately 300 cars. Despite the dominance of Uber and Lyft, The Best Deal Group of Companies is projected to generate $3.5 million in revenue this year, proving that there is still room for success in the transportation industry.
How much they make: $3M/year
Current team size: 9
Albert Williams grew a $3.5 million transportation company, The Best Deal, from a niche transportation sector; he attributes the company's success to providing excellent service and committing to continuous learning.
Learn more about starting a taxi cab business:
Where to start?
-> How much does it cost to start a taxi cab business?
-> Pros and cons of a taxi cab business
Need inspiration?
-> Examples of established taxi cab business
Other resources
4. Lyft
Rideshare with Lyft. Lyft is your friend with a car, whenever you need one. Download the app and get a ride from a friendly driver within minutes.
Website traffic: 11.3M/month
5. Rosie Taxi Cab
Rosie taxi cab provides the best cab service. We are open 24/7 to provides rides in Ventura, Ojai, Oxnard, Camarillo. Call (805) 258-8937.
Where they're located: Oxnard, California, USA
6. VIP Transfer Punta Cana
Your best choice of Punta Cana Airport Transfers. VIP transfers to and from Hotels, Airports. Fast and Secure Booking. $ 1 million insurance.
Where they're located: La Vega, Dominican Republic
- 4,818 founder case studies
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- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings