From Taxi Operator to Selling Ready-to-Earn Taxis for Sale

Recently, I had a customer who related to me his taxi business, which was his first business to begin with.

  He started by purchasing 2 second-hand cars not knowing that in a year or two both cars would no longer be allowed by the LTFRB (Land Transportation and Franchising Regulatory Board or the Phil government agency approving taxi franchises) as they would be too old to be allowed as taxis.

The next problem--- he did road test the cars (without really knowing much about cars)  and they seemed okay. After purchasing both cars, he had a mechanic look it over and of course, he had to spend some more money to get them into condition.

After enduring months waiting for the LTFRB to approve his franchise, he finally got it. 

His next nightmare-- he hired seemingly decent (hehehe) taxi drivers who applied at his place.  Since he did not have a Human Resources Dept (or HR dept) to background check and give the requisite psychological tests to check for their sanity, he hired them on the spot naturally!!

The nightmare started almost immediately (as well as his sleepless nights) as the taxi drivers (thinking they were Michael Schumacher of the vaunted Ferrari Team) would get into accidents and also, the cars became friendly with the mechanic's repair shop.

He also failed to account that he had to be around when the drivers would change shift and to make sure he gets the Fare Boundary (his daily take) otherwise the driver would disappear with the day's sale.

One fine day, he decided to sell the taxis (don't know if at a loss) but sell he did! 

But the GOOD NEWS is that my friend is still in the taxi business, but from a different side of the equation, so to speak and earning alright.

What did he do?  He decided to sell complete taxi units to taxi companies!! He would buy low-mileage 2008 taxis (which are still acceptable as taxis by the LTFRB) & buy also taxi franchises with at least 2 years to run before said franchises have to be renewed.

With his network of agents, there is a good supply of 2008/2009 Toyota Vios (Yaris in Europe) with about 20,000km or less mileage.  He then has a supplier of Taxi meters with printers ((Taiwan brand at P5000 to P8000) complete with Top Light etc.

When you buy my customer's taxis, they are ready-to-earn as they are already painted in Taxi scheme complete with approved LTFRB franchise, calibrated taxi meters with the required printer and top light.

Now, he can sleep better.

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