How to Start a Limo Business ($132K a Year)

Описание: How to Start a Profitable Limo Business. There is BIG OPPORTUNITY in the limo service industry. With people having weddings, special events, and private shuttles, there is a need for this business. Here is what you need to do:

1. Know your Expenses:
Nice Used Limo for $75K (Lincoln, Hummer, etc)
$75K * 25% DOWN = $18,750 down
$1,000 a month
$300 a month in insurance
$200 a month in maintenance
$1,500 a month in total expense

2. How much can you make?
$140 per hour, 3 hour minimum. = $420 a rent,
with tip and avergate trip = $550 a trip - $50 in gas = $500 a trip cash flow
5 trips a week = $2,500/week
$10,000 a month - $1,500 fixed expense = $8,500 a month profit for 15-20 hours a week
$102,000 gross profit = $132,000 gross revenue
NET after down payment = $83,250.

3. Think of the ways it wont work:
You get no passengers: You didnt create a website, social media, marketing program, hire a 3rd party dispatcher. You didn’t plan for the sales.
Your limo breaks down all the time. You didn’t do research and buy the correct limo
You fail to follow schedule. Don’t pick people up, etc.
Provide a quality car. Nice inside.

4. Legal Up
Create an LLC
Buy the right insurance
Have a client contract

5. Commit.
#limo #businessideas #sidehustle #entrepreneur #entrepreneurship #business