{"id":4212,"date":"2018-04-06T17:58:00","date_gmt":"2018-04-06T16:58:00","guid":{"rendered":"http:\/\/startups.co.uk\/?p=4212"},"modified":"2023-12-18T15:41:24","modified_gmt":"2023-12-18T15:41:24","slug":"how-to-start-a-taxi-and-private-hire-firm","status":"publish","type":"post","link":"https:\/\/startups.co.uk\/guides\/how-to-start-a-taxi-and-private-hire-firm\/","title":{"rendered":"How to start a taxi or private hire firm"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column] <\/p><div class=\"flexi-comp-lw\">\n <div class=\"flexi-comp-lw-text\">\n <p>Startups.co.uk is reader supported &ndash; we may earn a commission from our recommendations, at no extra cost to you and without impacting our editorial impartiality.<\/p>\n <\/div>\n <\/div>\n[\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text title_type=&rdquo;h1&Prime;]One of the most important first steps if you&rsquo;re thinking about starting any business is to look at the industry challenges. In the taxi sector, the rapid increase in fuel costs, with petrol prices reaching a record-high of &pound;2 per litre, has sent business overheads spiralling.\n<p>Innovations are emerging, however, that can help to fix this problem. Many green taxi companies are emerging that boast a fleet of electric vechicles. Plus, in an industry now defined by the disruptive antics of ride hailing and on-demand taxi apps, fuel-saving tools like vehicle tracking software have helped new companies to succeed where previous firms have failed.<\/p>\n<p>According to the Department for Transport, England was home to 260,700 licensed taxis and private hire vehicles (PHVs) in 2022 &ndash; a rise of about 10,000 compared to 2021. If you&rsquo;re wondering about how to start a taxi company &ndash; be that a hackney taxi or a private hire vehicle &ndash; then know that this still offers a viable business opportunity for the savvy entrepreneur.<\/p>\n<p>Read on to find out more about the nitty gritty involved with getting started &ndash; such as the legislation required, projected costs &ndash; as well as tips on branding and marketing. By the end of our guide, you&rsquo;ll know exactly how to set up a taxi service that can still drive custom in a cost of living crisis.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]\n <\/p><div class=\"highlight-box\">\n <div class=\"highlight-box-decor\">\n <svg class=\"brush-stroke-svg brush-stroke-big\" preserveaspectratio=\"none\" viewbox=\"0 0 116 6\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\">\n <g stroke=\"none\" stroke-width=\"1\" fill=\"#00b59b\">\n <path d=\"M94.0845406,5.55784045 C93.4629887,5.58758734 92.7723755,5.58758734 92.2198849,5.64708111 C92.0127009,5.66195455 91.7824965,5.67682799 91.5062512,5.66195455 C89.5955547,5.58758734 87.6618377,5.5727139 85.7511411,5.67682799 C85.5669776,5.69170144 85.2446914,5.67682799 84.9914666,5.67682799 C82.8275451,5.66195455 80.6866442,5.63220767 78.4997023,5.67682799 C76.0825561,5.72144832 73.5963485,5.64708111 71.271284,5.73632176 C69.3605874,5.81068898 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C86.1792662,4.06014784 86.2696559,4.04074932 86.2696559,4.0213508 Z\"><\/path>\n <\/g>\n <\/svg>\n <\/div>\n <div class=\"highlight-box-headline\">\n \n <span class=\"highlight-box-title\">\n Everything you need to create a professional taxi website <\/span>\n <\/div>\n \n <div class=\"highlight-box-content\">\n <p>Traffic, routing and even (occasionally) customers can provide plenty of headaches for a new taxi company. Thankfully, one area which needn&rsquo;t cause undue stress is creating a website to promote your business. Thanks to <strong><a href=\"https:\/\/startups.co.uk\/go\/Wix-WB-taxi\" target=\"_blank\" rel=\"noopener\" data-cta-type=\"inline-link\">modern templates like the one below<\/a><\/strong>, you can create one of your owns in under an hour.<\/p>\n<p><a href=\"https:\/\/startups.co.uk\/go\/Wix-WB-taxi\" target=\"_blank\" rel=\"noopener\" data-cta-type=\"inline-link\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-150550 size-full\" src=\"https:\/\/images.startups.co.uk\/wp-content\/uploads\/2022\/06\/Taxi-Company-Website-Template.jpg\" alt=\"Taxi Company Website Template\" width=\"720\" height=\"335\" srcset=\"https:\/\/images.startups.co.uk\/wp-content\/uploads\/2022\/06\/Taxi-Company-Website-Template.jpg 720w, https:\/\/images.startups.co.uk\/wp-content\/uploads\/2022\/06\/Taxi-Company-Website-Template-480x223.jpg 480w, https:\/\/images.startups.co.uk\/wp-content\/uploads\/2022\/06\/Taxi-Company-Website-Template-640x298.jpg 640w\" sizes=\"(max-width: 720px) 100vw, 720px\"><\/a><\/p>\n<p>At Startups.co.uk, we test and rate website builder tools, and we&rsquo;ve identified Wix as one of the best you can choose for creating a business site. Wix even has a selection of&nbsp;<a href=\"https:\/\/startups.co.uk\/go\/Wix-WB-taxi\" target=\"_blank\" rel=\"noopener\" data-cta-type=\"inline-link\"><strong>custom website templates designed specifically for taxi firms<\/strong><\/a>&nbsp;&ndash; you simply drop your own company information, wording and preferred imagery into your chosen template. Better still, it&rsquo;s completely <strong>free to try<\/strong> for yourself.<\/p>\n <\/div>\n <\/div>\n[\/vc_column][\/vc_row][vc_row][vc_column]<div class=\"jumplinks-content\">\n <h3 class=\"jumplinks-content-title\">\n Read on to find out more: <\/h3>\n <ul class=\"jumplinks-content-list\">\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-become-a-taxi-driver-tests-licensing-and-regulations\">Become a taxi driver: Tests, licensing and regulations<\/a>\n <\/li>\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-how-to-write-a-taxi-service-business-plan\">How to write a taxi service business plan<\/a>\n <\/li>\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-conduct-market-research-for-your-taxi-and-private-hire-firm\">Conduct market research for your taxi and private hire firm<\/a>\n <\/li>\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-financing-your-taxi-or-private-hire-business\">Financing your taxi or private hire business<\/a>\n <\/li>\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-pay-the-right-tax-for-your-business\">Pay the right tax for your business<\/a>\n <\/li>\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-get-the-right-taxi-insurance\">Get the right taxi insurance<\/a>\n <\/li>\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-concept-branding-and-design\">Concept, branding and design<\/a>\n <\/li>\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-premises\">Premises<\/a>\n <\/li>\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-taxi-equipment\">Taxi equipment<\/a>\n <\/li>\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-recruitment\">Recruitment<\/a>\n <\/li>\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-promote-your-taxi-business-and-turn-a-profit\">Promote your taxi business (and turn a profit!)<\/a>\n <\/li>\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-selling-your-taxi-business\">Selling your taxi business<\/a>\n <\/li>\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-next-steps\">Next steps<\/a>\n <\/li>\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-useful-links\">Useful links<\/a>\n <\/li>\n <\/ul>\n<\/div>\n[\/vc_column][\/vc_row][vc_row][vc_column]\n <div class=\"highlight-box\">\n <div 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class=\"highlight-box-content\">\n <p>At Startups.co.uk, we&rsquo;re here to help small UK businesses to get started, grow and succeed. We have practical resources for helping new businesses get off the ground &ndash; you can use the tool below to get started today.<\/p>\n <\/div>\n <\/div>\n[\/vc_column][\/vc_row][vc_row][vc_column]<div class=\"flexi-comp-radio-cta\" data-eventcategory=\"reusable-components\" data-component=\"radio-cta\">\n <p class=\"flexi-comp-radio-cta-title\" aria-label=\"What Does Your Business Need Help With?\">\n What Does Your Business Need Help With? <\/p>\n <div class=\"flexi-comp-radio-cta-box\" data-eventaction=\"radio-cta\">\n <button class=\"flexi-comp-radio-cta-item checked\" data-eventlabel=\"Vehicle Tracking\" data-url=\"https:\/\/startups.co.uk\/go\/vehicle-tracking\">\n <span class=\"flexi-comp-radio-cta-icon\"><\/span>\n Vehicle Tracking <\/button>\n\n <button class=\"flexi-comp-radio-cta-item\" data-eventlabel=\"Choosing a Fuel Card\" data-url=\"https:\/\/webforms.startups.co.uk\/fuel-cards?nwid=radio\">\n <span class=\"flexi-comp-radio-cta-icon\"><\/span>\n Choosing a Fuel Card <\/button>\n\n <button class=\"flexi-comp-radio-cta-item\" data-eventlabel=\"Getting a Business Loan\" data-url=\"https:\/\/startups.co.uk\/go\/business-loans\">\n <span class=\"flexi-comp-radio-cta-icon\"><\/span>\n Getting a Business Loan <\/button>\n\n <button class=\"flexi-comp-radio-cta-item\" data-eventlabel=\"Running your Accounts\" data-url=\"https:\/\/startups.co.uk\/go\/accounting-software\">\n <span class=\"flexi-comp-radio-cta-icon\"><\/span>\n Running your Accounts <\/button>\n <\/div>\n\n <a href=\"https:\/\/startups.co.uk\/go\/vehicle-tracking\" class=\"flexi-comp-radio-cta-button\" data-eventlabel=\"https:\/\/startups.co.uk\/go\/vehicle-tracking\" data-ft-links-attr-enabled=\"1\" data-cta-type=\"cta-button\">\n Get Started <\/a>\n\n<\/div>[\/vc_column][\/vc_row][vc_row][vc_column]<div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-become-a-taxi-driver-tests-licensing-and-regulations\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;Become a taxi driver: Tests, licensing and regulations&rdquo; hash_url=&rdquo;&rdquo; title_type=&rdquo;h2&Prime; title=&rdquo;Become a taxi driver: Tests, licensing and regulations&rdquo;]\n<h2>Become a taxi driver: Tests, licensing and regulations<\/h2>\n<p>Before starting your own taxi company, you yourself must become a fully licenced driver. The process you&rsquo;ll need to go through depends on where in the country you&rsquo;ll be operating your business.<\/p>\n<p>Outside of London, you must apply to your local council for a taxi or private hire vehicle licence. In London, TfL handles licences &ndash; taxi and private hire licences are processed separately.<\/p>\n<p>To be eligible for a taxi or PHV licence in the UK (outside of London), you must:<\/p>\n<ul>\n<li>Apply to your local council<\/li>\n<li>Meet the eligibility criteria, e.g. right to work, driving licence, character checks<\/li>\n<\/ul>\n<p>TfL handles applications in <b>London<\/b>. In order to be eligible to apply to drive either a taxi or private hire vehicle in London, you must:<\/p>\n<ul>\n<li>Be aged 18 or over (though you cannot be licensed until you are 21)<\/li>\n<li>Hold a full driving licence from the Driver and Vehicle Licensing Agency (DVLA), Northern Ireland, or another European Economic Area state<\/li>\n<li>Have the right to live and work in the UK<\/li>\n<li>Undertake an enhanced DBS check<\/li>\n<li>Depending on if you apply for a taxi or private hire licence, you may need to undergo a medical examination. Learn more about the <a href=\"https:\/\/tfl.gov.uk\/info-for\/taxis-and-private-hire\/licensing\/apply-for-a-taxi-driver-licence\" target=\"_blank\" rel=\"noopener noreferrer\">exemptions for taxi licences<\/a> and <a href=\"https:\/\/tfl.gov.uk\/info-for\/taxis-and-private-hire\/licensing\/private-hire-driver-licence#on-this-page-0\" target=\"_blank\" rel=\"noopener noreferrer\">private hire licence<\/a><\/li>\n<li>Complete a topographical skills assessment (for private hire licences)<\/li>\n<\/ul>\n<p>If driving a taxi in London, you&rsquo;ll also need to pass the <a href=\"https:\/\/tfl.gov.uk\/info-for\/taxis-and-private-hire\/licensing\/learn-the-knowledge-of-london\" target=\"_blank\" rel=\"noopener noreferrer\">Knowledge of London<\/a>. In order to pass this test, you must learn and memorise the streets landmarks that are within a six mile radius of Charing Cross &ndash; there are thousands of them!<\/p>\n<p>TfL can either grant a licence for the whole of the Greater London area, or for one or more of London&rsquo;s nine different suburban sectors.<\/p>\n<p>For more information, take a look at our dedicated guide to <a href=\"https:\/\/startups.co.uk\/setting-up\/taxi-driver-regulations\/\">taxi driver regulations<\/a>.<\/p>\n<hr>\n<p>[\/vc_column_text]\n <\/p><div class=\"highlight-box\">\n <div class=\"highlight-box-decor\">\n <svg class=\"brush-stroke-svg brush-stroke-big\" preserveaspectratio=\"none\" viewbox=\"0 0 116 6\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\">\n <g stroke=\"none\" stroke-width=\"1\" fill=\"#ea0037\">\n <path d=\"M94.0845406,5.55784045 C93.4629887,5.58758734 92.7723755,5.58758734 92.2198849,5.64708111 C92.0127009,5.66195455 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Mostly found in urban areas, black cabs are highly regulated, with fares controlled by local councils and numbers restricted by many local authorities.<\/p>\n<p>Drivers of black cabs are essentially self-employed, and have to go through rigorous checks and tests before they are awarded their license. Although some Hackney carriage drivers form co-operatives and switch their cars to saloons and other models, the majority of these taxi drivers can be found in their black cabs, trawling the streets for customers with their orange light on.<\/p>\n<p><b>Private hire firm<\/b><\/p>\n<p>Private hire vehicles (PHVs), or minicabs, must have a prior booking when picking up passengers. Usually linked by a radio circuit and operating out of similar types of cars that are branded in the same way, minicab owners face stiff penalties if they are found touting their business to random people on the street.<\/p>\n<p>It is possible to mix fleets, with hackney carriages undertaking private hire tasks alongside standard minicabs. <i>&gt;However, remember that while it is possible for black cabs to be used for private hire, doing the same thing in reverse (i.e. using private hire vehicles as hackney carriages) is against the law.<\/i><\/p>\n <\/div>\n <\/div>\n[\/vc_column][\/vc_row][vc_row][vc_column]<div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-how-to-write-a-taxi-service-business-plan\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;How to write a taxi service business plan&rdquo; hash_url=&rdquo;&rdquo; title_type=&rdquo;h2&Prime; title=&rdquo;How to write a taxi service business plan&rdquo;]\n<h2>How to write a taxi service business plan<\/h2>\n<p>If you&rsquo;re planning to operate as a self-employed taxi driver, compiling a business plan might not be top of your priority list. However, it&rsquo;s crucial to work out whether starting a taxi business will actually be a viable &ndash; and profitable &ndash; option for you.<\/p>\n<p>Your business plan should answer the following questions:<\/p>\n<ul>\n<li>What type of service (i.e. taxi or private hire) will you be offering?<\/li>\n<li>What hours can you work?<\/li>\n<li>What equipment and other outgoings will you need to budget for?<\/li>\n<li>Will you start with, or work towards, operating a fleet?<\/li>\n<li>If you plan to operate a fleet, think about the balance between the extra costs and potential for additional income that comes with managing multiple cars<\/li>\n<\/ul>\n<p>Make sure to draw up a thorough business plan, detailing:<\/p>\n<ul>\n<li>The market you&rsquo;re entering<\/li>\n<li>Expected startup and ongoing costs (e.g. buying a cab, GPS software, radio equipment, and petrol &ndash; consider using <a href=\"https:\/\/startups.co.uk\/vehicles\/fuel-cards\/best-fuel-cards-small-business\/\">fuel cards<\/a>)<\/li>\n<li>Your potential earnings (how much will you charge for fares to ensure profitability?)<\/li>\n<\/ul>\n<p>Download our free <a href=\"https:\/\/startups.co.uk\/strategy\/business-plan-template\/\">business plan template<\/a> to help you get started.<\/p>\n<p><b><i>Abi Hussain, transport manager at <a href=\"https:\/\/www.cabzilla.co.uk\/\" target=\"_blank\" rel=\"noopener noreferrer\">Cabzilla<\/a> comments:<\/i><\/b><span style=\"font-weight: 400\"> &ldquo;<\/span><span style=\"font-weight: 400\">The process of writing a business plan was an arduous one. We had many factors to consider, including our premises &ndash; where would we be based? Who would drive for us and where would we find them?&nbsp;<\/span><\/p>\n<p>&ldquo;We also had to consider licensing costs and insurance, as well as completing a competitor analysis, a market analysis (which was vital in what was already a saturated market) and financial forecasting.&rdquo;<\/p>\n<hr>\n<p>[\/vc_column_text][vc_column_text title_type=&rdquo;h3&Prime; title=&rdquo;Need help to keep your business plan on track?&rdquo;]<\/p>\n<h3>Need help to keep your business plan on track?<\/h3>\n<p>With so many tasks involved with launching a taxi company, it&rsquo;s important to find an effective way to track your progress. We recommend using project management tools.<\/p>\n<p>If you&rsquo;re working on your own or with other people, project management software is an excellent way to keep things moving. Assign tasks, create deadlines, outline projects and track progress from one platform.<\/p>\n<p><a href=\"https:\/\/webforms.startups.co.uk\/project-management-software\">Find out which project management software we recommend<\/a>.<\/p>\n<hr>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]\n <\/p><div class=\"highlight-box\">\n <div class=\"highlight-box-decor\">\n <svg class=\"brush-stroke-svg brush-stroke-big\" preserveaspectratio=\"none\" viewbox=\"0 0 116 6\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\">\n <g stroke=\"none\" stroke-width=\"1\" fill=\"#ea0037\">\n <path d=\"M94.0845406,5.55784045 C93.4629887,5.58758734 92.7723755,5.58758734 92.2198849,5.64708111 C92.0127009,5.66195455 91.7824965,5.67682799 91.5062512,5.66195455 C89.5955547,5.58758734 87.6618377,5.5727139 85.7511411,5.67682799 C85.5669776,5.69170144 85.2446914,5.67682799 84.9914666,5.67682799 C82.8275451,5.66195455 80.6866442,5.63220767 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C60.5761039,4.9777573 60.0638961,4.95835878 59.2202597,5.01655435 Z M97.3194805,4.04095243 C97.0181818,4.00215539 96.6566234,4.00215539 96.3553247,4.00215539 C96.0238961,4.00215539 95.5418182,3.98275687 95.5116883,4.06035096 C96.0841558,4.099148 96.6264935,4.07974948 97.3194805,4.04095243 Z M97.0040743,4.04074932 C96.9438145,4.00195228 96.7027756,4.00195228 96.4014769,4.00195228 C96.130308,4.00195228 95.8290093,4.0213508 95.8290093,4.04074932 C95.7988795,4.07954636 96.130308,4.07954636 96.4014769,4.07954636 C96.6726457,4.07954636 96.9438145,4.07954636 97.0040743,4.04074932 Z M97.843095,5.03977318 C98.1745236,5.03977318 98.5059521,5.02037466 98.4155625,5.00097614 C98.3854327,4.98157762 98.1142638,4.98157762 97.9334846,4.98157762 C97.6623158,4.98157762 97.3610171,4.98157762 97.4212768,5.02037466 C97.4815366,5.02037466 97.7527054,5.02037466 97.843095,5.03977318 Z M10.7864935,4.05859596 C11.7205195,4.05859596 12.3231169,4.07799448 13.3174026,4.01979892 C12.3231169,4.03919744 11.7205195,4.0004004 10.7864935,4.05859596 Z M93.4369469,5.03977318 C93.5273365,5.03977318 93.7081157,5.02037466 93.7081157,5.02037466 C93.7382456,5.00097614 93.5574663,4.98157762 93.3766871,4.98157762 C93.2862975,4.98157762 93.1055183,5.00097614 93.1055183,5.00097614 C93.0452585,5.03977318 93.2260378,5.03977318 93.4369469,5.03977318 Z M64.6758363,6 C64.7963558,6 64.977135,6 65.0072649,6 C65.1579143,5.98060148 64.977135,5.96120296 64.7963558,5.96120296 C64.7059662,5.96120296 64.5854467,5.96120296 64.4950571,5.98060148 C64.5553169,5.98060148 64.6155766,5.98060148 64.6758363,6 Z M90.6789362,4.03643854 C90.5885466,4.03643854 90.4680271,4.01704002 90.3776375,4.01704002 C90.1365986,4.01704002 90.0160791,4.03643854 90.1667284,4.05583706 C90.2269882,4.05583706 90.4077674,4.07523558 90.498157,4.05583706 C90.5885466,4.07523558 90.6186765,4.05583706 90.6789362,4.03643854 Z M86.2696559,4.0213508 C86.0888766,4.0213508 85.9080974,4.0213508 85.7273182,4.0213508 C85.546539,4.0213508 85.4260195,4.04074932 85.4862792,4.04074932 C85.6369286,4.04074932 85.8478377,4.06014784 86.0286169,4.06014784 C86.1792662,4.06014784 86.2696559,4.04074932 86.2696559,4.0213508 Z\"><\/path>\n <\/g>\n <\/svg>\n <\/div>\n <div class=\"highlight-box-headline\">\n \n <span class=\"highlight-box-title\">\n How much do taxi drivers earn? <\/span>\n <\/div>\n \n <div class=\"highlight-box-content\">\n <p><span style=\"font-weight: 400\">The <\/span><b>average salary<\/b><span style=\"font-weight: 400\"> for taxi drivers <\/span><b>in England<\/b><span style=\"font-weight: 400\"> is <\/span><b>&pound;496 per week<\/b><span style=\"font-weight: 400\">, according to data published by <a href=\"https:\/\/www.indeed.co.uk\/salaries\/taxi-driver-Salaries,-England\" target=\"_blank\" rel=\"noopener noreferrer\">Indeed<\/a>. <\/span><\/p>\n <\/div>\n <\/div>\n[\/vc_column][\/vc_row][vc_row][vc_column]<div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-conduct-market-research-for-your-taxi-and-private-hire-firm\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;Conduct market research for your taxi and private hire firm&rdquo; title_type=&rdquo;h2&Prime; title=&rdquo;Conduct market research for your taxi and private hire firm&rdquo;]\n<h2>Conduct market research for your taxi and private hire firm<\/h2>\n<p><span style=\"font-weight: 400\">Conducting extensive competitor research in your area will enable you to figure out where there&rsquo;s a gap in the market for a new taxi service. This could be an under-served area of town, or a niche that has yet to be exploited by other taxi companies.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The internet has also given people a huge platform to air their grievances about however they think they&rsquo;ve been wronged by a business or organisation. Use this to your advantage &ndash; look online at reviews of taxi businesses in your local area to see what complaints customers have, and think about how you could improve upon their service.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In addition, think about the area that you&rsquo;ll operate in, how much you&rsquo;ll charge passengers for trips, and the type of service that you&rsquo;ll run.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Essentially, when researching the market for your taxi or private hire firm, you&rsquo;re looking for gaps in the market. For example:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Is there a rural area that&rsquo;s currently under-served, and that could benefit from a focused service?<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">How much competition is present in urban areas with high populations?<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">How many rideshare users are in a certain area? Do Uber or other firms operate there?<\/span><\/li>\n<\/ul>\n<h3>What area will I operate in?<\/h3>\n<p><span style=\"font-weight: 400\">Where you live will tend to determine where you operate, so use your local knowledge to help identify business opportunities. For example, there could be a certain part of town that provides a steady stream of passengers. You could also identify areas that aren&rsquo;t well-served by public transport, which could mean people in need of taxis. Similarly, big, out-of-town pubs and clubs could also offer the potential for plenty of customers.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Alternatively, consider setting up a taxi company away from where you live. Use your outsider&rsquo;s perspective to see where a taxi service could be the most helpful. Be sure to spend time in potential areas, and look out for peak travel times.<\/span><\/p>\n<h3>How much should I charge passengers?<\/h3>\n<p><span style=\"font-weight: 400\">The amount you can charge passengers will depend on the type of service you offer (i.e. taxi or PHV), as well as your location. Taxi fares are regulated and set by local authorities, whereas PHVs are free to set their own prices.<\/span><\/p>\n<p><b>Taxi fares in London<\/b><\/p>\n<p><span style=\"font-weight: 400\">Below is a rough guide to taxi fares in London. A minimum fare of &pound;3.20 is applicable at all times.&nbsp;<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-125794\" src=\"https:\/\/images.startups.co.uk\/wp-content\/uploads\/2018\/04\/27132931\/taxi-fares-in-london.png\" alt=\"taxi fares in london\" width=\"640\" height=\"390\" srcset=\"https:\/\/images.startups.co.uk\/wp-content\/uploads\/2018\/04\/27132931\/taxi-fares-in-london.png 640w, https:\/\/images.startups.co.uk\/wp-content\/uploads\/2018\/04\/27132931\/taxi-fares-in-london-480x293.png 480w, https:\/\/images.startups.co.uk\/wp-content\/uploads\/2018\/04\/27132931\/taxi-fares-in-london-525x320.png 525w\" sizes=\"(max-width: 640px) 100vw, 640px\"><\/p>\n<p><span style=\"font-weight: 400\">Source: <a href=\"https:\/\/tfl.gov.uk\/modes\/taxis-and-minicabs\/taxi-fares\" target=\"_blank\" rel=\"noopener noreferrer\">TfL<\/a><\/span><\/p>\n<p><span style=\"font-weight: 400\">At the end of the trip, your passenger must pay the full fare displayed on the meter, unless otherwise agreed.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">As a taxi driver, you are obliged to accept any fare up to 12 miles in distance or one hour in duration, provided the end destination is within Greater London.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">The exception to this is if the passenger is picked up from Heathrow Airport, in which case you must accept a distance of 20 miles. Journeys that start from Heathrow Airport also incur an additional &pound;2.80 charge.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If a passenger soils your taxi to the extent that you have to take it out of service for cleaning, you may charge the passenger up to &pound;60 as a penalty.<\/span><\/p>\n<h3>PHV fares<\/h3>\n<p><span style=\"font-weight: 400\">For PHVs, fares are usually agreed on before the journey. PHVs are not subject to the same regulation as taxis, and do not need a fare meter or conform to fare tariffs set by the council.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">As a PHV driver, you are required to give an accurate fare estimate before the start of any journey with a passenger, or agree on a fixed fare. Fares are typically based on distance travelled.<\/span><\/p>\n<h3>What type of service will I offer?<\/h3>\n<p><span style=\"font-weight: 400\">According to data published by the Department for Transport, in its <i><a href=\"https:\/\/assets.publishing.service.gov.uk\/government\/uploads\/system\/uploads\/attachment_data\/file\/997793\/taxi-and-private-hire-vehicle-statistics-2021.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Taxi and Private Hire Vehicle Statistics, England: 2021<\/a><\/i> statistical release, i<\/span><b>n<\/b> <b>2021<\/b><span style=\"font-weight: 400\">, there were <\/span><b>58,300 licensed taxis in England<\/b><strong> and 192,700 PHVs &ndash; a 15.9<\/strong><b>% decrease from 2020&nbsp;<\/b>(mainly due to the pandemic)<\/p>\n<p><span style=\"font-weight: 400\">As of 2020, the average satisfaction rate for taxi passengers was 66%. However, rural areas experienced the lowest overall satisfaction, at 64%.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As the research shows, this underwhelming level of satisfaction in rural areas could make the case for improving the taxi offering, with a hyper-local taxi service in such locations.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In the end, it comes down to whatever&rsquo;s convenient for you as a driver. Obviously moving location may not be feasible, but think about the different options below to see what might make the most sense.<\/span><\/p>\n<hr>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<\/p><div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-financing-your-taxi-or-private-hire-business\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;Financing your taxi or private hire business&rdquo; title_type=&rdquo;h2&Prime; title=&rdquo;Financing your taxi or private hire business&rdquo;]\n<h2>Financing your taxi or private hire business<\/h2>\n<p><span style=\"font-weight: 400\">Licences, cars, equipment &ndash; these are just some of the items you&rsquo;ll need to budget for when running a taxi service.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">When you think about financing a business, you might consider using your savings, or borrowing money from family members. However, there are a number of alternatives available to you. For instance, you can consider <\/span><span style=\"font-weight: 400\">comparing business loans<\/span><span style=\"font-weight: 400\">, or using a <a href=\"https:\/\/www.accept-car-finance.co.uk\/taxi-drivers\/\" target=\"_blank\" rel=\"noopener noreferrer\">specialist taxi provider<\/a> to finance a vehicle.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">When you are up and running, you&rsquo;ll need to manage your finances. Ideally, you should use a business bank account to manage earnings and outgoings for your business specifically. If you start a limited company, you <\/span><i><span style=\"font-weight: 400\">must<\/span><\/i><span style=\"font-weight: 400\"> have a business bank account.<\/span><\/p>\n<hr>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<\/p><div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-pay-the-right-tax-for-your-business\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;Pay the right tax for your business&rdquo; title_type=&rdquo;h2&Prime; title=&rdquo;Pay the right tax for your business&rdquo;]\n<h2>Pay the right tax for your business<\/h2>\n<p><span style=\"font-weight: 400\">Certain expenses &ndash; like vehicle insurance, repairs, and fuel &ndash; can be claimed as allowable business expenses.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">You may be able to claim capital allowance if you buy a vehicle, depending on the type of accounting (i.e. traditional or cash-based) that is used. You may also be eligible to pay VAT.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As well as this, you&rsquo;ll have to factor in emissions-based vehicle tax. The amount you pay depends on when the car was first registered, and the amount of emissions it creates.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Learn more on our dedicated taxi driver tax page.<\/span><\/p>\n<hr>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<\/p><div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-get-the-right-taxi-insurance\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;Get the right taxi insurance&rdquo; title_type=&rdquo;h2&Prime; title=&rdquo;Get the right taxi insurance&rdquo;]\n<h2>Get the right taxi insurance<\/h2>\n<p><span style=\"font-weight: 400\">As you&rsquo;ll be spending more time on the road and carrying a procession of passengers, there&rsquo;s an increased risk, and so you&rsquo;re legally required to have taxi insurance. Generally, taxi insurance is more expensive than standard car insurance.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">A number of factors can contribute to how much taxi insurance you&rsquo;ll need to pay. These include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Car size and insurance group<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Miles driven in a year<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Security devices<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Accessible features<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Read our &lsquo;how to get the right taxi insurance&rsquo; guide for more information.<\/span><\/p>\n<hr>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<\/p><div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-concept-branding-and-design\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;Concept, branding and design&rdquo; hash_url=&rdquo;&rdquo; title_type=&rdquo;h2&Prime; title=&rdquo;Concept, branding and design&rdquo;]\n<h2>Concept, branding and design<\/h2>\n<p><span style=\"font-weight: 400\">If you&rsquo;re already working as a taxi driver for another company but want to strike out on your own, use the information and expertise you&rsquo;ve gained from this experience to create a taxi service that&rsquo;s truly unique.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If you&rsquo;re new to the sector, consider talking with experienced drivers and owners to better understand how the business works, and the aspects you&rsquo;d need to think about when creating your own concept.&nbsp;<\/span><\/p>\n<h3>How to name your taxi service<\/h3>\n<p><span style=\"font-weight: 400\">Whilst most self-employed drivers won&rsquo;t need to be concerned with taxi business names, a private hire firm with multiple vehicles would certainly benefit from creating a strong brand.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If you&rsquo;re in a small local area, this could be as simple as naming your taxi business after that location, which will also help it to be visible in online searches. Building a strong reputation as a reliable service will rely on consistent and obvious branding across your vehicles, as well as a minicab website so people can discover you online.<\/span><\/p>\n<h3>How to find your niche<\/h3>\n<p><span style=\"font-weight: 400\">The market is a competitive one &ndash; and finding some kind of niche that your service will cater to will be important if you want to stand out. Potential ideas could be:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">City centre&nbsp;<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Suburban service<\/span><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/startups.co.uk\/guides\/how-to-start-an-airport-shuttle-service\/\"><span style=\"font-weight: 400\">Airport service<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">School taxi<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Club run<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Female-only drivers<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Eco-friendly vehicles<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Ensure you meet the requirements for your particular service &ndash; for example, if you want to work with children, you&rsquo;ll need an enhanced DBS check.<\/span><\/p>\n<h3>Taxi business for sale<\/h3>\n<p><span style=\"font-weight: 400\">Alternatively, if you&rsquo;re interested in running an entire fleet of vehicles, look out for an existing minicab office that&rsquo;s for sale, and think about purchasing a ready-made business.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Naturally, you&rsquo;ll want to look at the business&rsquo; turnover and the reason why it is being sold, and make sure you actually have the sufficient capital to buy it.&nbsp;<\/span><\/p>\n<hr>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<\/p><div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-premises\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;Premises&rdquo; title_type=&rdquo;h2&Prime; title=&rdquo;Premises&rdquo;]\n<h2>Premises<\/h2>\n<p><span style=\"font-weight: 400\">When setting up a private hire firm, note that nationally accepted regulations state you must identify an &lsquo;operating centre&rsquo;. To do this, you must apply for a private hire vehicle operator licence either for <a href=\"https:\/\/www.gov.uk\/operator-licences-private-hire-taxi-business-london\" target=\"_blank\" rel=\"noopener noreferrer\">inside London<\/a> or <a href=\"https:\/\/www.gov.uk\/private-hire-vehicle-operator-licence-outside-london\" target=\"_blank\" rel=\"noopener noreferrer\">outside London<\/a>, depending on your business.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If you are able to afford a physical premises for your taxi operating centre, make sure it is close to where your main customer base resides. Your operating centre should be easily accessible to customers who wish to walk in and make bookings, as well as call or book online.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">As trade is often brisk on Friday and Saturday nights, a private hire office in a town centre, close to restaurants, bars, and entertainment venues, will offer a prime location to attract late night revellers &ndash; as well as passing customers during the day.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">Have a look at other taxi offices in the area you want to operate in. Premises are usually small retail units, with enough office space for the dispatch\/control team. You&rsquo;re likely to start by renting a space, then once your business is more established, you might consider purchasing a unit.<\/span><\/p>\n<hr>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<\/p><div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-taxi-equipment\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;Taxi equipment&rdquo; title_type=&rdquo;h2&Prime; title=&rdquo;Taxi equipment&rdquo;]\n<h2>Taxi equipment<\/h2>\n<p><span style=\"font-weight: 400\">Here, we take a look at the key pieces of kit you&rsquo;ll need when starting your own taxi service. While a car is the most obvious thing you&rsquo;ll need, you&rsquo;ll also require taximeters for licenced taxis. We&rsquo;ll also highlight how vehicle tracking solutions can benefit your business.<\/span><\/p>\n<p><strong>Card machines<\/strong><\/p>\n<p><span style=\"font-weight: 400\">The modern taxi driver can&rsquo;t just rely on taking cash payments from passengers. As physical money continues to lose ground in the payments space, you&rsquo;ll risk losing out on all kinds of fares if you don&rsquo;t accept card payments.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">In fact, from October 2016, it has been a requirement for London taxis to accept card payments and provide printed receipts. So, if you&rsquo;re planning on operating in the capital, you must install a <a href=\"https:\/\/tfl.gov.uk\/info-for\/taxis-and-private-hire\/accepting-card-payments\" target=\"_blank\" rel=\"noopener noreferrer\">TfL-approved card payment device<\/a> in the passenger compartment.<\/span><\/p>\n<p><span style=\"font-weight: 400\">You can learn more and compare your options in our guide to taxi card payment systems.&nbsp;<\/span>[\/vc_column_text]<\/p><div class=\"cta-content\" data-eventcategory=\"cta-banner\" data-component=\"cta-image\">\n\n <div class=\"cta-content-image\">\n <img decoding=\"async\" src=\"https:\/\/images.startups.co.uk\/wp-content\/uploads\/2020\/08\/19120431\/izettle-logo.jpg?width=100&height=100&fit=crop\" srcset=\"\" alt=\"zettle logo\" width=\"100\" height=\"100\" data-caption=\"\" class=\"flexi-comp-img\" loading=\"lazy\" sizes=\"\"> <\/div>\n \n <div class=\"cta-content-part\">\n\n <span class=\"cta-content-heading\">\n Startups recommends: Zettle by PayPal for taxi drivers <\/span>\n \n <p>Zettle by PayPal, previously known as iZettle, offers TFL-approved card readers and is popular with UK taxi drivers<\/p>\n \n <\/div>\n\n <div class=\"cta-content-box\">\n <a class=\"cta-content-button btn btn-primary\" href=\"https:\/\/startups.co.uk\/go\/zettle\" data-cta-type=\"cta-image-button\" target=\"_blank\" data-eventaction=\"Visit Zettle by PayPal\">Visit Zettle by PayPal <\/a>\n <span class=\"cta-content-subtext\">\n It only takes a minute. <\/span>\n <\/div>\n \n<\/div>\n[\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text hash_url=&rdquo;&rdquo; title_type=&rdquo;h1&Prime;]<strong>Fleet management and vehicle tracking devices<\/strong>\n<p><span style=\"font-weight: 400\">There&rsquo;s a lot to manage when operating a car for a taxi service. This includes how much fuel it&rsquo;s using, its location, planning the best routes, and ensuring the car is being driven safely. This is true if you&rsquo;re running one car, or one hundred.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">GPS is an essential part of effective taxi fleet management. A vehicle tracking solution brings a host of benefits for taxi fleets &ndash; it enables drivers to log jobs and receive directions, and allows fleet managers to manage vehicles and track driver behaviour including accelerating, braking and engine use. This in turn allows you to:&nbsp;<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Improve customer response times<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Reduce fuel costs<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Reduce number of accidents<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Get accurate data<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Avoid congestion charges<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Basic models include route planning and speed alerts. Meanwhile, more advanced models can provide highly accurate traffic information, intelligent route planning, and compatibility with Siri.<\/span><\/p>\n<p><strong>Autocab Taxi tracking<\/strong><\/p>\n<p><span style=\"font-weight: 400\">Autocab has more than 25 years of fleet management experience. Its Ghost Cloud Booking and Dispatch software offers the following features:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Receive and dispatch multiple jobs in real-time<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Pay for the licence fee on a weekly basis<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Scalable system capacity<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Hosted on Microsoft Azure<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Anytime access via an internet connection<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Prices are available from the Autocab sales team upon request.<\/span><\/p>\n<p><strong>Digital Dispatch<\/strong><\/p>\n<p><span style=\"font-weight: 400\">Digital Dispatch provides dispatch, booking, and fleet management software &ndash; as well as payments solutions &ndash; for small to very large fleets. This software includes the following solutions:<\/span><\/p>\n<p>TaxiBook<\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Hosted, cloud-based system<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Automated features, e.g. regular bookings or future journeys<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Charged monthly<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Process card payments in vehicles<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Use a mobile data terminal or Android mobile device<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Dispatch, map, and track vehicles<\/span><\/li>\n<\/ul>\n<p>PathFinder<\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Designed for fleets of 100 to several thousand vehicles<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Cellular Public Data Networks (PDN) and Private Mobile Radio (PMR) are supported<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Ideal for use across multiple companies<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">In-vehicle mobile data terminals are available&nbsp;<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Reporting and statistics&nbsp;<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Passengers can use self-service to book<\/span><\/li>\n<\/ul>\n<p><strong>MTData Taxi tracking Software<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Self-hosting or cloud-based solutions<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Web booking and call-taking software<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">App for smartphone booking available<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Payment system<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Driver portal training<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">SnapShot camera<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Taximeter integrates with dispatch and tracking system<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Management dashboard<\/span><\/li>\n<\/ul>\n<p><strong>Envoy Taxi Booking Dispatch & Management Systems<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">All-in-one software &ndash; book, dispatch, and manage fleets&nbsp;<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Cloud-hosted<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Pay-as-you-go pricing structure<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Caller ID<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">SMS confirmation of booking and taxi arrival<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Booking planner<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Auto and manual dispatch<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Reporting, accounting, and management&nbsp;<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Driver apps available<\/span><\/li>\n<\/ul>\n<p><strong>Dash cams<\/strong><\/p>\n<p><span style=\"font-weight: 400\">Offering the ability to record the road in front of (and potentially behind) a vehicle, <\/span><span style=\"font-weight: 400\">dashboard cameras<\/span><span style=\"font-weight: 400\"> are a useful addition to a taxi car.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">Dash cams can offer the following benefits:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Protect drivers in case of an incident or insurance claim<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Promote careful driving<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Potential for discounted insurance<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">If you&rsquo;re thinking about getting a dash cam, be sure to research the laws and rules regarding them. There are certain requirements that may have to be met, both for passengers and drivers. These include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">All passengers should be informed when a dash cam is in use<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">You must be parked and stationary to interact with a dash cam &ndash; it&rsquo;s illegal to do so while driving<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">It must be fixed behind the rear-view mirror so as not to obstruct your vision<\/span><\/li>\n<\/ul>\n<p><strong>Buying a black cab<\/strong><\/p>\n<p><span style=\"font-weight: 400\">The <a href=\"\/\/www.levc.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">London Electric Vehicle Company (LEVC)<\/a> &ndash; formerly the London Taxi Company &ndash; makes black cabs, which are some of the most recognisable vehicles in the world. As a taxi driver, you can drive a taxi made by the LEVC at its Coventry base.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">2017 saw the introduction of the new electric black cab, the TX, which is capable of driving purely on electric power. As of January 2018, all taxis that are presented for licencing need to have zero emissions.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">There is a rule stating that taxis must be less than 15 years old. This is in an attempt to remove diesel models from London&rsquo;s roads by 2025.<\/span><\/p>\n<p>TX taxi features:<\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Available from &pound;183 per week, or &pound;70,473.40 total<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Space for six passengers<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Has a range of 377 miles<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">There are two types of warranty available: standard and extended.<\/span><\/p>\n\n<table id=\"tablepress-415\" class=\"tablepress tablepress-id-415\">\n<thead>\n<tr class=\"row-1 odd\">\n\t<th class=\"column-1\"><\/th><th class=\"column-2\"><strong>Standard warranty<\/strong><\/th><th class=\"column-3\"><strong>Extended warranty<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-hover\">\n<tr class=\"row-2 even\">\n\t<td class=\"column-1\"><strong>Cost<\/strong><\/td><td class=\"column-2\">Included<\/td><td class=\"column-3\">&pound;649<\/td>\n<\/tr>\n<tr class=\"row-3 odd\">\n\t<td class=\"column-1\"><strong>Whole vehicle<\/strong><\/td><td class=\"column-2\">Three years\/120,000 miles<\/td><td class=\"column-3\">Five years\/150,000 miles<\/td>\n<\/tr>\n<tr class=\"row-4 even\">\n\t<td class=\"column-1\"><strong>Drive battery<\/strong><\/td><td class=\"column-2\">Five years\/unlimited mileage<\/td><td class=\"column-3\">Five years\/unlimited mileage<\/td>\n<\/tr>\n<tr class=\"row-5 odd\">\n\t<td class=\"column-1\"><strong>Drivetrain (exc. drive battery)<\/strong><\/td><td class=\"column-2\">Three years\/120,000 miles<\/td><td class=\"column-3\">Five years\/150,000 miles<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n<p><span style=\"font-weight: 400\">You can view a full breakdown of costs on the <a href=\"http:\/\/www.levc.com\/finance\/tx-pcp-offers\/\" target=\"_blank\" rel=\"noopener noreferrer\">LEVC&rsquo;s taxi cost calculator<\/a> page. As well as this, the LEVC offers <a href=\"http:\/\/www.levc.com\/technology\/driving-tips\/\" target=\"_blank\" rel=\"noopener noreferrer\">driving tips for the TX<\/a> to help ensure that you&rsquo;re getting the most from the car.<\/span><\/p>\n<p><span style=\"font-weight: 400\">You can also buy or rent a range of <a href=\"https:\/\/www.levc.com\/approved-used-taxis\/\" target=\"_blank\" rel=\"noopener noreferrer\">approved used taxis<\/a> from the LEVC, With cars are available from &pound;31,500. Although you can buy a used black cab from elsewhere, buying from LEVC will give you confidence that the vehicle has gone through stringent checks and has all the requisite features.<\/span><\/p>\n<p><b><i>Paul Poulten, a self-employed black taxi driver, says that when looking for a black cab to buy, you should consider:<\/i><\/b><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Comfort<\/b><span style=\"font-weight: 400\"> &ndash; you&rsquo;re going to be spending many hours of the day sitting in that driver&rsquo;s seat, so make sure it&rsquo;s a place you like sitting<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Hybrid engine<\/b><span style=\"font-weight: 400\"> &ndash; 2017 saw the introduction of the new electric black cab<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Build quality<\/b><span style=\"font-weight: 400\"> &ndash; give any vehicle a thorough inspection before buying. Check it&rsquo;s passed its MOT, and enquire about any previous issues or repairs it may have had<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Accessibility for all<\/b><span style=\"font-weight: 400\"> &ndash; every licensed London taxi should be wheelchair accessible, and include:<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">A ramp<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">A swivel seat<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">An intermediate step<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Grab handles<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Floor lighting<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">A hearing aid induction loop<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Space for assistance dogs (at no extra charge)<\/span><\/li>\n<\/ul>\n<p><strong>Cars for PHVs<\/strong><\/p>\n<p><span style=\"font-weight: 400\">What makes a car a suitable PHV? Unlike a black cab, you could technically use any kind of car, but there are still a number of considerations you should bear in mind to make sure you&rsquo;ve got the right vehicle for the job. Some boroughs and local councils also require taxis and PHVs to have a certain seat width or engine size.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The car will also obviously have to be deemed safe. Here&rsquo;s what you should consider before choosing which car to use as your PHV:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Reliability<\/b><span style=\"font-weight: 400\"> &ndash; choose a car that&rsquo;s known to run smoothly with little maintenance, and slim chance of a breakdown<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Safety<\/b><span style=\"font-weight: 400\"> &ndash; the sheer amount of time you spend in a car increases your chances of being involved in an accident. Choose a car that&rsquo;s been rigorously safety tested<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Cost<\/b><span style=\"font-weight: 400\"> &ndash; this depends on how much you have to spend, but it&rsquo;s probably sensible to start with a pretty affordable car<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Number of seats<\/b><span style=\"font-weight: 400\"> &ndash; do you want to be able to transport eight people, or just three?<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Luggage space<\/b><span style=\"font-weight: 400\"> &ndash; if you&rsquo;re likely to be picking up passengers with lots of luggage (such as from the airport), then boot space is a critical consideration. You don&rsquo;t want to miss out on a fare because you don&rsquo;t have enough space<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Manual or automatic<\/b><span style=\"font-weight: 400\"> &ndash; whilst manuals tend to be more efficient, if you&rsquo;re going to be stopping and starting in traffic all day, an automatic will offer an easier and smoother experience<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Features<\/b><span style=\"font-weight: 400\"> &ndash; as a PHV driver, you are not required to do the Knowledge. This means that a sat-nav could be a good idea to ensure you can get from A to B in the quickest time possible<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Engine<\/b><span style=\"font-weight: 400\"> &ndash; your main considerations will be CO2 emissions (the lower these are, the less VED tax you&rsquo;ll pay) and fuel economy<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Remember: Under TfL rules, as of April 2019, diesel cars that do not meet the latest emissions standards will face a daily charge of &pound;12.50 to drive in the centre of London, under the 24\/7 Ultra-Low Emission Zone.<\/span><\/p>\n<p><strong>Taximeter<\/strong><\/p>\n<p><span style=\"font-weight: 400\">A taximeter is a crucial piece of kit. Mounted in the driver&rsquo;s cab but visible to the passenger, it calculates and displays the fare as it increases over the distance travelled.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">TfL has some <a href=\"http:\/\/content.tfl.gov.uk\/taximeter-specification-1.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">specifications for taximeters<\/a> in London taxis, notably that it must:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Display the units of fare in pounds sterling (&pound;) and pence (p)<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Have display, markings, and instructions in English<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Be stored in a sealed, tamper-proof device<\/span><\/li>\n<\/ul>\n<p><strong>Taxi roof sign<\/strong><\/p>\n<p><span style=\"font-weight: 400\">If you want to be easily identified as a taxi, you&rsquo;ll need to make it obvious with a roof sign, or bright eye-catching lettering (or even both).These roof-mounted units can now be used as digital advertising displays, helping the driver generate additional revenue and attract more attention.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">Verifone&rsquo;s TfL-approved Digital Tops run ads in HD. They have built-in solar panels to supplement your taxi&rsquo;s battery power, and the ads are updated using 3G wireless technology.<\/span><\/p>\n<p><strong>Taxi radio<\/strong><\/p>\n<p><span style=\"font-weight: 400\">Depending on the setup of your taxi business, communication between your cars and your base is essential so you can discuss who&rsquo;s attending to what fare at what time. If your fleet is using a radio system, you&rsquo;ll need to get a <a href=\"https:\/\/secure.ofcom.org.uk\/busrad\/\" target=\"_blank\" rel=\"noopener noreferrer\">licence from Ofcom<\/a>.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Ofcom licensing centre issues operators with licenses to use radio equipment. You can apply directly to Ofcom either online or via post.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">If you want to find the perfect tracking solution for your business, <\/span><a href=\"https:\/\/webforms.startups.co.uk\/vehicle-tracking\"><span style=\"font-weight: 400\">simply complete our quick and easy quote comparison form<\/span><\/a><span style=\"font-weight: 400\">.&nbsp;<\/span><\/p>\n<hr>\n<p>[\/vc_column_text]<\/p><div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-recruitment\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;Recruitment&rdquo; title_type=&rdquo;h2&Prime; title=&rdquo;Recruitment&rdquo;]\n<h2>Recruitment<\/h2>\n<p><span style=\"font-weight: 400\">If you&rsquo;re going to be operating a fleet, you&rsquo;ll need to spend time hiring the right people to drive your vehicles. When hiring, you need to make sure your drivers:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Have the relevant licences<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Are permitted to work in the UK<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Don&rsquo;t have a criminal record<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Have completed the relevant medical and DBS checks<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Failure to comply could land you or your employees in legal trouble. As with hiring any employee, a thorough background check of their employment history should flag up any potential problems.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Drivers will need to have the relevant driving licences, and to complete &lsquo;The Knowledge&rsquo; for driving black taxis in London. Some local councils may require drivers to complete additional training. There are also training providers you could use for your drivers to ensure they drive to a high standard and follow best practice.<\/span><\/p>\n<hr>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<\/p><div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-promote-your-taxi-business-and-turn-a-profit\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;Promote your taxi business (and turn a profit!)&rdquo; hash_url=&rdquo;&rdquo; title_type=&rdquo;h2&Prime; title=&rdquo;Promote your taxi business (and turn a profit!)&rdquo;]\n<h2>Promote your taxi business (and turn a profit!)<\/h2>\n<p><span style=\"font-weight: 400\">With several taxi firms jostling for supremacy in any one area, competition is inevitably high across the industry. New operators will often find themselves subjected to aggressive tactics by other firms, such as price undercutting.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">With hackney carriage price rates set by the council, private hire firms can operate a cheaper service, sometimes leading to a &ldquo;them and us&rdquo; animosity between the two sectors. However, there are a number of ways to promote your business, whatever type of service you offer.<\/span><\/p>\n<h3><span style=\"font-weight: 400\">Create a taxi business website<\/span><\/h3>\n<p><span style=\"font-weight: 400\">A website offers your taxi service a wealth of opportunities. In addition to standard details like contact information, areas covered, and available services, you can use it for customer service and booking trips. If you want to take bookings online, you&rsquo;ll need a website that supports <\/span><a href=\"https:\/\/startups.co.uk\/websites\/ecommerce\/best-ecommerce-platforms-uk\/\"><span style=\"font-weight: 400\">ecommerce<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Aside from operational functions, you can use a website to showcase your company&rsquo;s personality, as well as news and customer testimonials. A website is also an ideal place to highlight what makes your service different from competitors!<\/span><\/p>\n<p><span style=\"font-weight: 400\">If you&rsquo;re unsure of what to do for taxi <\/span><span style=\"font-weight: 400\">website design<\/span><span style=\"font-weight: 400\">, there are plenty of web hosting services that can help you get started, or you could pay a website designer to do the work for you.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If you want to get a website today, <\/span><a href=\"https:\/\/webforms.startups.co.uk\/website-builders\"><span style=\"font-weight: 400\">compare web builders here<\/span><\/a><span style=\"font-weight: 400\"> to help you decide on the best one for your business.&nbsp;<\/span><\/p>\n<h3><span style=\"font-weight: 400\">SEO<\/span><\/h3>\n<p><span style=\"font-weight: 400\">Having a good online presence will help local customers find your taxi website, as will making yourself active on local social media pages. Investing in search engine optimisation (SEO) from the start to ensure you rank highly for taxi searches in your local area will also give you a boost. If you&rsquo;re new to SEO, you could hire someone to optimise your website.<\/span><\/p>\n<h3><span style=\"font-weight: 400\">Word of mouth<\/span><\/h3>\n<p><span style=\"font-weight: 400\">That said, it could still be worth forming relationships with local businesses &ndash; such as restaurants or bars &ndash; that are likely to have a steady supply of customers in need of a lift home. Leave your details with front of house staff, and let them know that you or your drivers are available. If the restaurant or bar is agreeable, you could leave a business card or leaflet on their noticeboard or front desk.<\/span><\/p>\n<h3><span style=\"font-weight: 400\">Taxi advertising<\/span><\/h3>\n<p><span style=\"font-weight: 400\">Black cabs are able to carry advertising and sponsorship on their cars, while modern taxis provide a wealth of opportunities for making money through advertising. You can wrap your taxi to such an extent that the whole chassis acts as a mobile advert.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As mentioned before, digital taxi top advertising signs can display different adverts on their screens through 3G, whilst in-taxi advertising digital display screens are becoming a common sight. There are many providers in the capital offering advertising services to some of the biggest brands in the world, who will only be too happy to buy up advertising space in your taxi.<\/span><\/p>\n<p><b><i>Hussain says:<\/i><\/b><span style=\"font-weight: 400\"> &ldquo;My advice to anyone looking to start up their own taxi business is to find a gap in the market &ndash; bring something special to the industry, exploit a niche that is yet to be filled, and <\/span><i><span style=\"font-weight: 400\">always<\/span><\/i><span style=\"font-weight: 400\"> serve your customers well. Don&rsquo;t commit to jobs you can&rsquo;t fulfil, employ enough staff so you never have to turn down work, and most importantly &ndash; never turn your phone off!&rdquo;&nbsp; <\/span><\/p>\n<hr>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<\/p><div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-selling-your-taxi-business\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;Selling your taxi business&rdquo; title_type=&rdquo;h2&Prime; title=&rdquo;Selling your taxi business&rdquo;]\n<h2>Selling your taxi business<\/h2>\n<p><span style=\"font-weight: 400\">Whether you want to start a new, different venture, or retire completely, there could come a time when you want to exit the taxi game and sell your business.<\/span><\/p>\n<h3><span style=\"font-weight: 400\">Black taxis<\/span><\/h3>\n<p><span style=\"font-weight: 400\">Selling a black cab is not difficult, provided you&rsquo;ve kept it in good condition. The LEVC offers a safe and regulated portal for selling your old vehicle &ndash; it will be put through a stringent 100-point check, and assessed by factory-trained technicians.<\/span><\/p>\n<h3><span style=\"font-weight: 400\">PHV firms<\/span><\/h3>\n<p><span style=\"font-weight: 400\">There are even online platforms for selling whole PHV operations. You&rsquo;ll have to provide a number of details for prospective buyers so they can assess whether it&rsquo;s a good business opportunity, including:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Location<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Asking price<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Turnover<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Net profit<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Number of vehicles<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Reasons for selling<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Years in operation<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\"><span style=\"font-weight: 400\">Lease terms and rent (if you have property)<\/span><\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400\">Franchising your taxi business<\/span><\/h3>\n<p><span style=\"font-weight: 400\">If you&rsquo;ve built up a considerable reputation as a taxi or private hire service in your local area, with a strong brand name and image, you could spread your business by franchising.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">You allow an interested party to pay for the privilege of using your brand name and image on their fleet, in exchange for your training and support. This way, you can expand into other locations without significant upheaval on your behalf &ndash; and with minimal costs, too.<\/span><\/p>\n<hr>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<\/p><div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-next-steps\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;Next steps&rdquo; hash_url=&rdquo;&rdquo; title_type=&rdquo;h2&Prime; title=&rdquo;Next steps&rdquo;]\n<h2>Next steps<\/h2>\n<p><span style=\"font-weight: 400\">We&rsquo;ve directed you through the key information to know and steps to follow to help you in your journey to running your own taxi or private hire firm. We&rsquo;ve detailed the points to include in your business plan, the equipment you&rsquo;ll need to budget for, and even how to grow your customer base.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The next step is to get going, and accelerate your ideas into reality! For more information, and to compare quotes for vehicle tracking, fill in our quick <a href=\"https:\/\/webforms.startups.co.uk\/vehicle-tracking\">vehicle tracking form<\/a>, and we&rsquo;ll match you to quotes that make sense for your business.&nbsp;<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<\/p><div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-useful-links\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;Useful links&rdquo; title_type=&rdquo;h2&Prime; title=&rdquo;Useful links&rdquo;]\n<h2>Useful links<\/h2>\n<p><span style=\"font-weight: 400\">Here, we offer a helpful list of key sources for reference, both from within the article and from additional sites.<\/span><\/p>\n<ul>\n<li><a href=\"https:\/\/www.levc.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">LEVC black taxis<\/a><\/li>\n<li><a href=\"https:\/\/tfl.gov.uk\/info-for\/taxis-and-private-hire\/licensing\/apply-for-a-taxi-driver-licence\" target=\"_blank\" rel=\"noopener noreferrer\">TfL taxi driver licence application<\/a><\/li>\n<li><a href=\"https:\/\/tfl.gov.uk\/info-for\/taxis-and-private-hire\/licensing\/private-hire-driver-licence#on-this-page-0\" target=\"_blank\" rel=\"noopener noreferrer\">TfL private hire licence application<\/a><\/li>\n<li><a href=\"https:\/\/www.gov.uk\/operator-licences-private-hire-taxi-business-london\" target=\"_blank\" rel=\"noopener noreferrer\">Operator licence in London<\/a><\/li>\n<li><a href=\"https:\/\/www.gov.uk\/private-hire-vehicle-operator-licence-outside-london\" target=\"_blank\" rel=\"noopener noreferrer\">Operator licence outside of London<\/a><\/li>\n<li><a href=\"https:\/\/tfl.gov.uk\/info-for\/taxis-and-private-hire\/accepting-card-payments\" target=\"_blank\" rel=\"noopener noreferrer\">TfL card payments<\/a><\/li>\n<li><a href=\"https:\/\/secure.ofcom.org.uk\/busrad\/\" target=\"_blank\" rel=\"noopener noreferrer\">Ofcom business radio<\/a><\/li>\n<li><a href=\"http:\/\/www.national-taxi-association.co.uk\/\" target=\"_blank\" rel=\"noopener noreferrer\">National Taxi Association<\/a><\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column] <\/p><div class=\"flexi-comp-lw\">\n <div class=\"flexi-comp-lw-text\">\n <p>Startups.co.uk is reader-supported. If you make a purchase through the links on our site, we may earn a commission from the retailers of the products we have reviewed. This helps Startups.co.uk to provide free reviews for our readers. It has no additional cost to you, and never affects the editorial independence of our reviews.<\/p>\n <\/div>\n <\/div>\n[\/vc_column][\/vc_row]\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text title_type=&rdquo;h1&Prime;]One of the most important first steps if you&rsquo;re thinking about starting any business is to look at the industry challenges. In the taxi sector, the rapid increase in fuel costs, with petrol prices reaching a record-high of &pound;2 per litre, has sent business overheads spiralling. Innovations are emerging, however, that can help to [&hellip;]<\/p>\n","protected":false},"author":91442,"featured_media":116386,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3966,2999],"tags":[4357],"acf":[],"yoast_head":"\n<title>How to start a taxi or private hire firm - Startups.co.uk<\/title>\n<meta name=\"description\" content=\"From setting up to running, find out how to start a taxi business or minibus business in this comprehensive guide from Startups.co.uk\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/startups.co.uk\/guides\/how-to-start-a-taxi-and-private-hire-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to start a taxi or private hire firm - 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