How to Start a Taxi Company in the UK
To start a taxi company in the UK, complete legal and insurance procedures. Licenses to operate are a must-have. Public hire taxis accept pre-booked and street journeys. Private hire taxis only take pre-booked trips. Success requires thorough planning, adaptability and excellent customer service. As of 2023, self-employed London taxi drivers earn up to £65,000. Rewards include serving the community.
Cost of Starting a Taxi Business in the UK
Calculate income and expenses to determine financing needs. Look for low-interest loans. Discover opportunities to start your own taxi business. Despite competition, viable taxi opportunities remain. Once decided, grow your business by managing it well. Create a business plan first.
Profitability of Taxi Business in the UK
Licenses to operate taxis are a must-have in the UK. Look for low-interest loans to start your taxi business. Thorough planning, adaptability, and excellent customer service lead to success. As of 2023, self-employed London taxi drivers earn up to £65,000 annually. Despite competition, viable taxi business opportunities remain in the UK.