Operations

How Do Limousine Services Rank?

Posted on January 1, 1988 by LCT staff

According to an article in the October, 1987 issue of Entrepreneur, the success potential for a limousine company is pretty good. Charles Fuller interviewed Limousine & Chauffeur's publisher, Maury Sutton, for an article entitled "Cruising Into Luxury With A Limousine Service."

Fuller points out in his article that, in the past decade or so, limousines have grown from being a transpor­tation option for the very wealthy only to being something that the middle- class can enjoy as well. This alone increases the market demand for limousine services.

The average startup costs for a limousine service, Fuller found, is about $90,000, although he adds that minimum start up costs can be as low as $31,000. Net profits before taxes average about $60,000, but can go up to $164,000 or higher. The stability of the business rated "av­erage," and the industry growth prospects rated "good." The risk fac­tor, however, is "above average," and the absentee ownership poten­tial is "limited," according to Fuller's research.

View comments or post a comment on this story. (0 Comments)

More News

Windy City Limousine & Bus Wins "Best Of" Award

The company's diverse fleet and years of experience have earned it many achievements.

Fugitaboutit! Operators Deal With NYC Traffic Woes

Weather and mass transit delays always create additional problems, but 50,000 TNC vehicles ratchet up congestion.

Arkansas Operation Recognized As Small Business of the Year

Pinnacle Car Services, Inc. recieved the accolade from the Greater Bentonville Bella Vista Chamber of Commerce.

How To Make Your Buses Comply With The Latest Rules

eNews Exclusive: Joe Guinn guides operators on the best ways to prepare for the large leap from sedans and SUVs to buses and motorcoaches.

What Is The Future Of The New Luxury Traveler?

There is a growing demand for more human connectedness and meaningful experiences for both adults and children.

See More News

Facebook Comments ()

Comments (0)

Post a Comment

Submit

Blog

See More

LCT Store

LCT Magazine - May 2017 $12.95 Post International LCT Show Issue COVER STORY: * Best Operators of 2017: Their Winning Secrets Revealed * *



Connect

Experience the three annual industry events for networking for business, showcasing vehicles and products, and getting the tools for success.

Read About Your Region

What’s Happening Near You?
Click on any state to see the latest industry news and events in that region.

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Metro Magazine

Serving the bus and passenger rail industries for more than a century

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

Please sign in or register to .    Close