Business Baron

Taxi & Private Hire Firm

Taxi & Private Hire Firm: Cabs, drivers and a radio room. A private hire firm is an operator licence, a booking system and enough drivers to cover a Saturday…

Cabs, drivers and a radio room. Answer the phone and put a car on the door.

A private hire firm is an operator licence, a booking system and enough drivers to cover a Saturday night, and the council decides who may drive and in what vehicle. Traditionally the firm takes a weekly settle or a commission from self-employed drivers rather than fares, so the real question is how many cars you can keep on the circuit. Since the ride-hailing apps arrived, in London in July 2012 and in most cities by 2014, the local firm has been squeezed from both ends: drivers can work for anyone, and passengers compare prices on a phone.

Setup costs
£15,000 to £80,000
Competition
Very high
Category
Transport & Logistics

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