How to Start Your Own Limousine Business
A limousine rental business is a very profitable business providing that it is set up properly. However, you need not be afraid as we will guide you through this article in getting your very own limousine rental venture up and running.
Don’t spend time pondering, and instead start setting your limousine service up.
A limousine rental business can be a very lucrative business venture. This is because of its wide variety of big-time clients. For example, hotels need limousines to drive their very important guests around. Large corporations may also need limousines to pick up and shuttle their guests to and from their hotels. A limousine may also be useful for weddings.
That is why a lot of people, including you, may think about starting a limousine rental service. Being a big business that it is, if you start a limousine rental venture, there would be quite a lot of preparations to make. This article will show you the important points and get you along your way.
Financing and Equipment
In getting a limousine business started, you would be required to prepare a huge amount to finance the business. The capital would go into the equipment you will need and would form the core of your business: cars. The amount you will need would vary, as there is no fixed requirement as to how many cars you will need to acquire. The total price would be dependent on what types of cars you will procure and use for your business, and how many. Each car model costs differently after all. It is advisable to diversify your car selection because different clients have different preferences. Second hand cars could also be an option, but you have to be careful about making this selection.
You would also need to buy office equipment, and rent office space. Office equipment includes a computer, a desk, chairs as well as filing cabinets to keep paper records in case of power shortage. When you rent office space, look for buildings that have a garage because clients may want to browse through your car inventory.
Financing can be obtained from banks and financial institutions. In this case, you would need to present a clear plan for your business so the lender can be assured that you can pay off the loan.
Advertising a Limousine Service Business
Limousine rentals need to be advertised in order to be lucrative. One of the effective ways of marketing a new limousine rental business is to include a promo upon its opening. This can give you a fighting chance against your well-established competitors. To know what extra features you would need, try to “spy” on your competitors.
Other ways of advertising include the Yellow Pages, ads on magazines and newspapers as well as online means. You might also need to personally visit hotels, clubs, and corporations, and make contacts that will be helpful for your business.
25 Comments
- this sounds good.
- I am based in South Africa, I am starting my own limo business, I would like you to tell me how do i obtain funding through foreign people? Thankx
- I would like to own my own limo service.
- Are there grants available to purchase vehicles as part of a community developmental program, that helps seniors, ect with alternative transportation? How do I start? Steps to take to be successful and finding funding?
- I have now successfully become the 2nd woman to open her own limousine service in Saskatoon (Canada). I'm also very happy to say that I couldn't of done it without my husband. So, if you're ever in Saskatoon remember the name Cherry Limousine!
- I live in columbus ohio i want to know if limousine business is good around my area????And i already have a mercedes benz i want to start with.
- I planed on starting my Limo business in Corbin,Kentucky.Touch Of Class Limousines.I really need your help with getting started.TY Bill Andrews
- i live in indianapolis indiana, i've worked in the limo business for 7yr's now and have a good ideal of how it works, i'd like to start my own limo service but don't have the capitol...
- I live in Canoga Park California I am a former limousine driver and business person and would like to start a limousine service catering to the funeral industry and weddings a black Cadillac stretch limo 8 to 10 passenger and white Lincoln or Cadillac stretch limo 8 to 10 passengers for weddings with these cars be right for what I want to do your advice
- Hi there. I'm situated in cape town south Africa. I have 2 American stretch limousines for sale for a really great price. U can make between 18-25k a month. More if u try all the avenues that u can ! I'm willing to coach if u buy vehicles Just that I have too many other business obligations at present. Email me on kwela1@webmail.co.za
- hi,am from india,am interested to start a limo business
- Hi. I'm from dubai. I want to start a limousin company in dubai. please mail me the details.
- Hi.. i'm from malaysia....i want to start a limousine company in dubai....please email me the details....
- What minimum investment needed to start a reasonable limousine company in Dubai.
- want to know everything about starting a small limo company
- wondering how to start a limo business
- Would like to start a luxury black car/limo service in Long Island. Aside from banks where else can i go for funding?
- I want to start my own taxi can you please advise which vehicle is permitted and what all documents we need . With Regards Rajesh +971529721271
- I would like to open one in Huntington WV
- I won't to start a limousine business in Amarillo tx I like limos a lot so show me what to do
- I am India kerala I would like starting limousine service in dubai I need previa car how much amount I want pay first I don't have too much money low cost how can I open howmany visa I can provided to one car.0552574901
- i want to start my limo service business company some will call me more info i can pay fore info thanks 0553523556
- I don't know how much you would need to start a limousine business but always start small and think big, whatever you have just invest it and try to avoid to borrow money.
- Dear I want to start limo business what sort of thing I should do collect before starting it
- This is my first business and I am looking to open it in Atlanta I don't have Capital yet I need help getting my business portfolio together who should I look up.
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