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Starting a Taxi Cab Business in Zimbabwe and the Business Plan

Posted by StartupBiz Zimbabwe | Sep 5, 2018 | All Articles , Business Ideas , Business Plans , Starting a Business | 9

Taxis in Zimbabwe offer a valuable service to people who require transport to and from a number of places. People often use taxis to go to and fro work, ranks, airports, hospitals, lodges, night clubs, CBD and suburbs. This is profitable business idea which doesn’t require huge capital. Success with a taxi company requires good management skills, a good marketing plan, and compliance with all the Zimbabwe local legislation.

Before you start a taxi business in Zimbabwe, you have to decide on the location your taxis will be based, and the size of your business i.e. the number of taxis you will be starting with. You should always carry out a feasibility study, market research and write a business plan before you venture into any business. You should decide where you are going to operate, and know the demand of taxis in that area. Determine your niche. Research the competition in the area, research their services and rates.Do not make the mistake of starting a taxi business or any other business just because someone is doing it and he/she says it’s profitable.

What you need

The largest startup cost for taxi business is for purchasing the vehicles. You have to make a decision of which type of vehicles to buy, and where to purchase them. The popular vehicle models for taxis in Zimbabwe include Toyota Vitz, Honda Fit, Toyota Spacio, Toyota Fun Cargo, Toyota Raum and Toyota Sienta. These vehicles are suitable for the taxi business as they are fuel savers and cheaper to maintain as the spare parts are readily available.

The majority of taxis in Zimbabwe are ex-Japanese vehicles. The vehicle can be purchased online from Japanese companies such as BeForward, and then shipped to Zimbabwe. However, this process takes many weeks for the vehicles to arrive in Zimbabwe, so most people purchase the ex-Japanese vehicles from garages in Beitbridge, on the South African side of the border.

You will have to brand the taxi with the name of your taxi company. Toplights can also be installed on the top of the taxi to help riders more easily identify the cabs, and the cost depends on attachment method, personalization and lighting choice. If you are going to have many taxis, you will also need some form of radio or cellphone communications system, so your dispatcher can contact drivers and vice versa. You can also install taxicab metres on all your vehicles, to record the distance traveled by the taxis.

Insurance and Licences

Every vehicle is required by Road Traffic Act to have Third Party Insurance. This is a legal requirement, and you cannot operate a taxi cab transport business without this insurance. This is the most basic cover and protects the client (or insured/policyholder) against loss or damage to third Party Properties in the course of driving, and death or bodily injury to these Third Parties only. All public transport businesses are also required to have passengers insurance.

It’s better to take fully comprehensive insurance for your public transport business. This is the most extensive and complete form of motor insurance cover, which covers third party insurance, fire and theft, passengers, and also provides accidental damage to the policyholder’s vehicle. It is important to protect all of the assets of the business. Appropriate and adequate insurance coverage is an important part of this. Insurance cover can be arranged through an insurance company directly, through an agent of an insurance company, or through an insurance broker. There are many insurance companies in Zimbabwe.

To operate a taxi cab transport business in Zimbabwe, you need to pay Vehicle license fee, obtain an Operator’s license, a route authority, and certificate of fitness from the VID.

A taxi in Harare CBD

Management and Staff

The number of employees you need will depend on the size of your business. You require drivers for the taxis. The drivers need to be monitored closely, to ensure that they are not stealing from the business, and that they meet the daily revenue targets. There is need for someone to handle finance and accounting issues. For a small transport business, this can be done by the owner of the business. As the business grows, there is need to hire full time staff that will be responsible for all the day to day transaction accounting for the transport business, and management of the organization’s cash flow, ensuring there are enough funds available to meet the day to day payments.

Large taxi companies need dispatch rooms. It should be managed by highly skilled Controllers with expertise in Vehicle Allocation and Monitoring as well as highly familiar with the cities they are based. The dispatch rooms will consist of a call centre where customers can call requesting for taxis. The dispatch operators will then communicate with the nearest free taxi cab using eg two way radios to allocate a taxi to the customer.

Depending on the size of the business, you may also need mechanics, supervisors, and operations managers.

Market for the Taxi Cab Business

There are lots of potential customers for a taxi business in Zimbabwe. Taxis are convenient as they drop people at their exact destinations unlike kombis. You can get corporate clients like companies as some prefer outsourcing transport services to taxi cab companies eg Employees may stay late at work thus companies hire taxis to transport them to their homes. Taxis can be used to escort school children to and from school as they are safe and convenient. Cross boarders will have a lot of luggage and will need a taxi from the bus ranks to their homes. Couples may need to be escorted to and from lodges. People may need taxi services for short routes within a specific suburb which are not plied by kombis or within the CBD. People hire taxis when drunk because they are safe. Some people hire taxis if they are not familiar with the place or the route. Some people don’t prefer to use minibuses because of prestigious reasons, especially the middle and high income earners eg if their car has gone for service, they would rather hire taxis.

Pre-written Business Plan for Taxi Transport Business : Comprehensive Version, Short Bank Loan Version, Automated Excel Financial Statements

For an in-depth analysis of the taxi transport business in Zimbabwe, purchase our business plan. We decided to introduce the business plans after noting that many Zimbabweans were venturing into the taxi business without a full understanding of the industry, market, how to run the business, the risks involved, profitability of the business and the costs involved, leading to a high failure rate of their businesses.

Our business plan will make it easier for you to launch and run a taxi cab business successfully, fully knowing what you are going into, and what’s needed to succeed in the business. It will be easier to plan and budget as the taxi business plan will lay out all the costs involved in setting up and running the business. The taxicab business plan is designed uniquely for the Zimbabwean market.

Very insightful and relevant homegrown solutions. Empowerment begins in the mind and this is it…

The StartupBiz business plans are excellent, well prepared, fully detailed. I had not that much of the financial knowledge of the Agri business I wanted to venture into but I can tell you right now that from the moment I went through those farm business plans I had purchased, I started having the real picture of what I was to get in to,what was needed for me to be financially successful and I would want to tell my fellow mates that if you really want the business you want to venture into to be successful I think you need to get one of the StartupBiz Business plan.You wont go wrong with those ones

Good job and extensive research on your business plan thank you.

I recently used their service am delighted to say I am a happy customer thank you keep it up and God bless with the business

I have been impressed with the level of depth and completeness of your business plans. All product, operational, financial and marketing guidelines are there. Fantastic! Please do add more plans.

You have been such a wonderful help.God bless you,I have somewhere to start now….it’s been a dream come true to embark on this

You have been really helpful. Its a rare commodity in Zimbabwe. Keep it up!

Thanks for the business plan, it’s good, it gives me a good direction of my journey, with this I hope I will prosper, it’s helpful i learnt a lot.

It is a great opportunity having you around. Your business plans are well planned after a thorough research. They have actually opened up my approach to business. Thanx

I found the business plans very informative, helpful to make appropriate decisions.

Uses of the Taxicab Business Plan (PDF, Word And Excel)

The taxi cab business plan can be used for many purposes including:

Raising capital from investors/friends/relatives
Applying for a bank loan
Start-up guide to launch your taxi business
As a project proposal
Assessing profitability of the taxicab business
Finding a business partner
Assessing the initial start-up costs so that you know how much to save
Manual for current business owners to help in business and strategy formulation

Contents of the Taxi Cab Business Plan (PDF, Word And Excel)

The business plan includes, but not limited to:

Market Analysis
Industry Analysis
Automated Financial Statements (monthly cash flow projections, income statements, cash flow statements, balance sheets, break even analysis, loan repayment calculations, start-up costs)
Marketing Strategy
Risk Analysis
SWOT & PEST Analysis
Operational Requirements
Government regulations, Licence requirements and Licence Fees
Operational Strategy
Why some Zimbabweans in taxi business fail, so that you can avoid their mistakes
Ways to raise capital to start your taxicab transport business in Zimbabwe

The Taxi Transport business plan package consist of 4 files

Taxi Transport Business Plan – PDF file (Comprehensive – 68 pages)
Taxicab Business Plan – Editable Word File (Comprehensive – 68 pages)
Taxi Business Plan Bank Version – Editable Word File (Short version for applying for a loan – 36 pages)
Taxi Cab Business Plan Automated Financial Statements – (Editable Excel file)

The business plan financials are in USD currency.

The financial statements are automated. This implies that you can change eg the revenue per route, number of trips done etc, and all the other financial statements will automatically adjust to reflect the change.

Get the Taxi Transport Business Plan (PDF, Word And Excel)

We decided to make them affordable for anyone who would want a taxi business plan, and the price for pre-written business plans is only ZWL$350 000 for soft copies. When you pay via PayPal, Mastercard or Visa Card, the soft copy costs US$25 .

You can purchase via Paynow using Ecocash, One Money or Telecash. You just click Pay now (scroll down) and you will then be taken to Pay now website where you make the payment. Just follow the instructions; you will be done with the payment process in 2 minutes. We will email the business plan (PDF format, Microsoft word format, and a Microsoft Excel file with the financial statements) to you within 24 hours, using the email address you provided when you were paying.

If you have PayPal , MasterCard or Visa Card , you can purchase the business plan via PayPal or DPO Payment Gateway. You just click Buy now (scroll down) and you will then be taken to the PayPal or DPO website where you make the payment. Just follow the instructions; you will be done with the payment process in 2 minutes. We will email the business plan (PDF format, Microsoft word format, and a Microsoft Excel file with the financial statements) to you within 24 hours, using the email address you provided when you were paying.

You can also purchase soft copies at our offices in Harare. Visit StartupBiz Zimbabwe, Suite 201, 2nd Floor, Morgan House, George Silundika Avenue (between 1st Street & 2nd Street), Harare . The cost of the business plan is ZWL$350 000 (soft copies).

For any questions, other payment options, email us on [email protected] , call/whatsapp us on +263778798072 (Whatsapp us by clicking the link https://wa.me/263778798072 ) .

Taxi Business Plan

Click Buy now to purchase using Paypal, MasterCard or VisaCard (US$25)

Click Pay Now to purchase using EcoCash, One Money or TeleCash (ZWL$350 000)

We wish you the best in your taxicab business. Check out more business ideas and our collection of business plans . Like us on Facebook , follow us on Twitter , and subscribe to receive notifications of new posts in your email.

A note from StartupBiz Zimbabwe: Everyday we send business updates via Whatsapp. Click the link to join: https://chat.whatsapp.com/DPa61WKvMHN5PGVJERxd9T or send the word join via Whatsapp to +263778798072 (Whatsapp us by clicking the link https://wa.me/263778798072 ).

About The Author

StartupBiz Zimbabwe

StartupBiz Zimbabwe is a business research firm based in Zimbabwe. We sell prewritten business plans for various industries including agriculture, transport, manufacturing, retail and education. StartupBiz Zimbabwe also publishes articles on business ideas, business news, business tips, personal finance, entrepreneur interviews and profiles.

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I would like to start my own taxi business next year i need advise

Thank you Mr Mutingwende

Are the requiremens still the same here in 2017 and nothing changed, just checking before engaging myself manually

Thank you very much

thank you so much

Highly appreciated,although you have left another hidden expense of police roadblocks and there alleged corrupt practices.

Great, those who need Taxis in Harare GOVNOR SHUTTLE is available for your convenience. +263773865535. Charges from as low as 15USD

Limousine Taxi Business Plan Template

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Our sample business plans are examples of what one business owner did. That doesn't make them perfect or require you to cram your business idea to fit the plan structure.

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Are you planning to use your plan to apply for a loan or pitch to investors? Then it's worth following the format from your chosen sample plan to ensure you cover all necessary information.

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How to Start a Business With No Money

10 Qualities of a Good Business Plan

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DOWNLOAD UBER TAXI BUSINESS PLAN WITH FINANCIALS

Looking for a Uber Taxi Business plan in Nigeria for your new or existing enterprise?

Download this Uber Taxi Business plan sample, which you can download to present to NIRSAL, BOI, BOA, and other investors.

1.0. Executive Summary

Pace Setter Uber Drivers, Inc. is a registered taxi e – hailing software app company that intends to manage drivers under Uber. We will be based in Ikeja, Lagos-Nigeria and also operate in other major cities across the country. We decided to carry out our operation in these cities because our services will be in demand due to the demographic composition of the cities.

Our services will involve managing professional drivers and a fleet of cars under Uber. We are well trained and equipped with some of the most distinct taxi cab drivers and suitable vehicles to service our clients irrespective of their social and financial status.

At Pace Setter Uber Drivers, Inc. we are passionate in a race of attaining excellence and financial progress with fair services and sincerity which is why we have decided to start our own Uber driver service business.

We will be dedicated to building good business relationships with our clients by providing them value for their money and reasons to patronize us. We acknowledged that to become the best in this city. We will continually provide quality and highly reliable services.

Our values and professional ethics will guide us as the interest of our clients is our priority. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely.

Pace Setter Uber Drivers, Inc. is a family business owned and managed by Larry Sam. They both graduated from Lagos State University and have all the required qualifications and expertise to grow Pace Setter Uber Drivers, Inc. to favourably compete with leading brands in the Taxi e-hailing software app services industry.

2.0. Our Products and Services

Pace Setter Uber Drivers, Inc. is a standard Uber driver company that is built to generate profit and favourably compete among the leading brands in the industry. Our services offerings are listed below;

Hiring, training and providing drivers for partners under Uber
Managing drivers and fleet of cars for partners under Uber

3.0. Our Mission and Vision Statement

Our vision is to become the best Uber driver company in Ikeja-Lagos with an active presence in key cities of the country.
Our mission as a standard Uber driver company is to develop a highly successful, lucrative business that provides reliable drivers and cars in our city and become the standard for an ideal taxi e-hailing business throughout Nigeria.

4.0. Our Business Structure

We plan to build an Uber driver services company that will be the standard for the industry in Nigeria. We want to have a passionate workforce that ensures that our customers and partners are satisfied and they get worth for their money.

With the wide range of our service offerings, we will employ more than the required workers (both full-time and contract workers) to run a conventional Uber driver business.

We will employ professionals and highly skilled people to occupy the following position;

Chief Executive Officer
IT Specialist
Admin and HR Manager
Marketing and Sales Executive
Professional Drivers
Customer Care Executive / Front Desk Officer

5.0. SWOT ANALYSIS

Our strengths will be the strategic locations we intend to cover, the Business model we will be engaging in, access to a pool of willing partners, a wide range of highly reliable and comfortable cars, highly trained and polite drivers and our excellent customer service culture

Our major weakness is that we don’t have the financial capacity and business structure to compete with Uber hence the need to work with them as an independent partner.

Opportunities

The fact that we are launching out in the centre of Ikeja-Lagos, provides us with countless opportunities to market our services to a vigorous number of professional drivers, business partners, corporate organizations, travel and tours agencies, hotels, government organizations, households et al.

We have been able to carry out feasibility studies and market surveys, we know what our potential clients will be looking for when they patronize our services; we are well-positioned to take on the opportunities that will come our way.

The fact that we are not an independent business will be our major threat and the arrival of a new Uber services company in the location using the same business model as ours.

6.0. Our Target Market

We identify clients that will benefit from our service as a Uber services company with the aid of the feasibility studies and market survey we conducted. Our potential clients are grouped into three and are;

Investors/partners who are interested in investing in Uber by making an available fleet of cars to be managed by a company like ours
Professional drivers who want to drive under Uber but don’t have their cars
Everyone who has the financial capacity to make use of taxi cabs / Uber.

7.0. Our competitive advantage

We can confidently say that the strategic locations we intend to cover, the Business model we will be operating on, access to the funds of partners and investors, ease of payment, a wide variety of dependable and luxurious cars, well-trained and polite drivers and our prolific customer service culture will serve as a competitive advantage for Pace Setter Uber Drivers, Inc.

How To Download Uber Taxi Business plan Template PDF and Doc (With financial analysis)

Pay the sum of N8000 ( Eight thousand naira only) to the account detail below: Bank: GTBank Name: Oyewole Abidemi (I am putting my name and not our company account so you know I am real and you can trust me, and trace me) Ac/No: 0238933625 Type: Saving

P.S: We can also tailor the uber taxi Business plan to your name, business size, capital requirements, and more to fit your direct needs. Call or message +234 701 754 2853 for inquiries.

Dr. Abi Demi is a skilled technical writer and author with specialties in the martech and fintech space. Featured on Tekedia, Coin Review, Business Insider, Fintechna, Cryptocoin.news, Date 360 and several other sterling online publications, Demi is an astute technical writer that specializes in finance, marketing and technology - with over 500 published pieces across the internet ecosystem. Contact Abi Demi - [email protected]

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