6 Taxi Cab Business Success Stories [2024]

Pat Walls

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Updated: November 1st, 2023

Start A Taxi Cab Business

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

How I Built A $3.5M/Year Taxi Company Competing With Uber & Lyft

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.

About

Albert started Best Deal Car Service over 10 years ago

Revenue

Albert grew the business to $250K/month

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