Taxi Cab Company

Taxi Cab Company Success Stories [2024]

Pat Walls

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Updated: October 6th, 2024

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.

In this list, you'll find real-world taxi cab company success stories and very profitable examples of starting a taxi cab company that makes money.

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 money it makes: $3M/year
How many people on the team: 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.

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1. Best Deal Car Service ($3M/year)

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