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10 vehicle taxi business

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  • Toledo City
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10 vehicle taxi business
In the Philippines, you acquire a taxi vehicle with a Franchise License attached to it. Drivers then pay you to drive your taxi. Each Taxi is run 6 days per week. There are 2 drivers per taxi so the vehicle runs 24 hours per day. Each driver pays 600 Pesos per shift for the use of one of our licensed taxi vehicles. Therefore, each taxi brings in 1200 pesos per day, 6 days per week. Any repairs (new tires oil & filter brakes etc) are completed on the 7th day when the vehicle rests.
Managers’ wages, Yard Lease, any License renewals, Government Taxes and Vehicle Maintenance money is paid or kept aside each month. The amount left is the Company profit for the month.
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Stephen Hartley

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started a business with $60,000 and sold 3 years later for $575,000
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