Taxi Driver Online :: View topic - Psst. wana buy taxi business

Well as they are turning away work, then one would assume their competitors are very happy with that. So they wont be making an offer.

But why aren't the existing drivers buying it? :-k

Very few taxi companies change hands successfully. A successful taxi business IMO is a license to print money and anyone selling must be viewed with some suspicion. If their selling, then they have probably made a bad job of running the company and reached the point where it just doesn’t make economic sense to carry on so beware!

I've seen so many get their fingers burnt this way ending up with a telephone number with a bad name and drivers that will desert a new owner.

Bill

I would be concerned with any taxi firm that was advertised for sale. If things were going well and there was a genuine reason for the owner to want out, then surely a driver or group of drivers would buy him out?

Neuby PH wrote:

Exactly.

No-one knows the firm better than the drivers, and if they aren't interested, then people should ask why. :-$

There are currently 18 owner drivers and 2 company cars, the business is licensed for 30 drivers therefore offering scope for a new owner to increase the turnover rapidly by recruiting more drivers or by purchasing more cars

The Taxifast court case going that badly is it :lol:

taxifast are PH, i heard yesterday that one of the big hack plate owners was selling up. could just drivers gossip or could be a plate baron trying to off load his soon to be worthless plates...

Author:	Stinky Pete [ Mon Feb 13, 2006 7:10 pm ]
Post subject:	Psst. wana buy taxi business
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Author:	Sussex [ Mon Feb 13, 2006 10:45 pm ]
Post subject:	Re: Psst. wana buy taxi business
Well as they are turning away work, then one would assume their competitors are very happy with that. So they wont be making an offer. But why aren't the existing drivers buying it?

Author:	Stinky Pete [ Tue Feb 14, 2006 4:10 am ]
Post subject:	Re: Psst. wana buy taxi business
Sussex wrote: Well as they are turning away work, then one would assume their competitors are very happy with that. So they wont be making an offer. But why aren't the existing drivers buying it? Well things must be bad, we have a PH company in the city gone into bancruptcy, thats the second company thats gone down here in the last 2 years.

Author:	Neuby PH [ Tue Feb 14, 2006 2:53 pm ]
Post subject:
Was it a big PH company or just a little one-man band? I think a lot of businesses are having a hard time of late. Mostly due to poor money management. Have you got the details of the comany, I'd like to look it up as to why it went to the wall.

Author:	bill_datamaster [ Wed Feb 15, 2006 1:37 am ]
Post subject:
Very few taxi companies change hands successfully. A successful taxi business IMO is a license to print money and anyone selling must be viewed with some suspicion. If their selling, then they have probably made a bad job of running the company and reached the point where it just doesn’t make economic sense to carry on so beware! I've seen so many get their fingers burnt this way ending up with a telephone number with a bad name and drivers that will desert a new owner. Bill

Taxi Driver Online http://www.taxi-driver.co.uk/phpBB2/

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Author:	PhD [ Wed Feb 15, 2006 2:38 am ]
Post subject:
bill_datamaster wrote: Very few taxi companies change hands successfully. A successful taxi business IMO is a license to print money and anyone selling must be viewed with some suspicion. If their selling, then they have probably made a bad job of running the company and reached the point where it just doesn’t make economic sense to carry on so beware! I've seen so many get their fingers burnt this way ending up with a telephone number with a bad name and drivers that will desert a new owner. Bill bleeding hell, an honest man.... but you are right, never buy a business especially a taxi business thats advertised.

Author:	Tarif 2 [ Thu Feb 16, 2006 11:43 pm ]
Post subject:
The owner could have just had enough, made their money and time to retire?? If the company has a good reputation with the community then unless something major goes wrong, they will keep the work which in turn will keep drivers as they will be earning. May be worth looking at, but doesnt say how many cars are on the fleet apart from those which i presume come with the company.

Author:	Neuby PH [ Sat Feb 18, 2006 3:33 am ]
Post subject:
I would be concerned with any taxi firm that was advertised for sale. If things were going well and there was a genuine reason for the owner to want out, then surely a driver or group of drivers would buy him out? Isn't that why such a large number of PH firms have so many share holders?

Author:	Sussex [ Sat Feb 18, 2006 8:23 am ]
Post subject:
Neuby PH wrote: I would be concerned with any taxi firm that was advertised for sale. If things were going well and there was a genuine reason for the owner to want out, then surely a driver or group of drivers would buy him out? Exactly. No-one knows the firm better than the drivers, and if they aren't interested, then people should ask why.

Author:	steveo [ Sat Feb 18, 2006 1:55 pm ]
Post subject:
Rumor has it one of the big Plymouth Hack radio circuits is on the market... Maybe he knows something the poor suckers paying him £300 a week for the privilege of driving a 15 year old shed don’t.

Author:	TDO [ Sat Feb 18, 2006 6:35 pm ]
Post subject:
The Taxifast court case going that badly is it

Author:	TDO [ Sat Feb 18, 2006 6:38 pm ]
Post subject:
Sussex wrote: Neuby PH wrote: I would be concerned with any taxi firm that was advertised for sale. If things were going well and there was a genuine reason for the owner to want out, then surely a driver or group of drivers would buy him out? Exactly. No-one knows the firm better than the drivers, and if they aren't interested, then people should ask why. Perhaps, but there are of course legitimate reasons to sell firms, and to an extent the best time to sell is when it's at the top of the market. And there may be problems in getting enough drivers together or these drivers raising finance to buy the firm. Let's face it, we all know that many in the trade just prefer as quiet a life as possible.

Author:	TDO [ Sat Feb 18, 2006 6:43 pm ]
Post subject:
What I'd be more worried about is guff like this: Quote: There are currently 18 owner drivers and 2 company cars, the business is licensed for 30 drivers therefore offering scope for a new owner to increase the turnover rapidly by recruiting more drivers or by purchasing more cars So if it's that easy then why not increase the fleet now? Err, because there's not enough work? So they're licensed for a lot more cars than they currently operate. Whoopty-do

Author:	steveo [ Sat Feb 18, 2006 6:45 pm ]
Post subject:
TDO wrote: The Taxifast court case going that badly is it taxifast are PH, i heard yesterday that one of the big hack plate owners was selling up. could just drivers gossip or could be a plate baron trying to off load his soon to be worthless plates...

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Author:	Sussex [ Sat Feb 18, 2006 6:52 pm ]
Post subject:
steveo wrote: taxifast are PH, i heard yesterday that one of the big hack plate owners was selling up. could just drivers gossip or could be a plate baron trying to off load his soon to be worthless plates... If I was a multi-plate holder in an area that could soon be rid of quotas, then I think I would want to get rid. But I would be careful who I sold out too. The thought of having to look over my shoulder for many years to come doesn't appeal one little bit.