8 Taxi Cab Company Success Stories [2024]

Pat Walls

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Updated: November 19th, 2023

Start A Taxi Cab Company

Tax services provide an essential service, including 24-hour availability and preparedness to offer transportation. The taxi cab business is earning huge profits, given the growing urban population.

To start a good taxi service, conduct market research and analysis so you understand your competition and define your unique selling proposition. Before starting the tax business, ensure you have a valid driver's license and an insurance policy.

Here are some real life success stories of starting a taxi cab company:

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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So... can you actually make money with a taxi cab company?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
Study exactly what works, and what doesn’t.
Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

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4. Ola Cabs

Ola Cabs offers to book cabs nearby your location for best fares. For best taxi service at lowest fares, say Ola!

How much they make:
Current team size: 8024
Website traffic: 2.75M/month

5. The new mytaxi: FREE NOW

Order a ride and pay easily with the app. Available in 100+ cities across Europe. Download the FREE NOW app for iOS or Android.

Where they're located: Wagrain, Salzburg, Austria
Website traffic: 480K/month

So... can you actually make money with a taxi cab company?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
Study exactly what works, and what doesn’t.
Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

7. TaxiFareFinder

How much does a taxi cost? Estimate your taxicab fare & rates. Taxi fare, phone numbers, local rates, & suggested trip routes. iPhone App too!

Where they're located: Riverside, California, USA
Website traffic: 350K/month

8. 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