How Much Do Taxi Companies Make Money | Revenue Model Of Taxi Companies

While many taxicab firms profit by splitting fares with their drivers, others profit by leasing their vehicles to the drivers, who are paid based on the number of fares they receive. Any business model can be profitable for a knowledgeable owner, but the optimum model for a company is determined by the size of the fleet and the level of involvement the owner desires. Many taxicab businesses lease their vehicles to drivers on a daily or weekly basis, and the driver is responsible for covering his expenditures and earning a living. Cab leases can cost more than $500 per week, and the driver is required to have his car on the road at all times. Thi... [ Read Detailed Article... ]

• Revenue Model Of Taxi Companies