Need a taxi business plan in New York? Whether you plan to be an owner-operator of your own vehicle or simply lease a car from one of the many fleets that operate in this bustling metropolis, the business plan is a necessary piece of your paperwork to get a loan from a bank aligned with the Small Business Administration. The business plan for a New York taxi company might have some special requirements, so it's a good idea to check directly with the provider to establish what they would like to see in the business plan. Some companies might have special criteria or additional sections (or background checks) they like to see covered. Either way, go over the following in brief:
• The market need in New York (statistics on gas prices, population, etc.)
• The industry as it stands today (how many cabs and what revenues?)
• Your marketing plan and implementation strategy, if any (where will you go to get fares?)
• The funding request (how much and how will you use it?)
Knowing things like what expenses you are accountable for is important for the business plan for a taxi company as well. Who pays for insurance, the cab permits, or repairs? What about incidental costs? You will need to know these things in order to model the pro forma correctly. A bank will want to see at least three years of projected revenues and expenses and, ultimately, a statement of your planned profit at the end of the third year. Can you cash flow the loan? Double check your plan's pro forma thoroughly before submitting it. The plan also needs a bio on you and a full disclosure on service areas and rates. MasterPlans can write the business plan for a New York taxi operator in as little as 5-7 days. Call a consultant today at 877-453-2011.
