NopeI am wondering where I can go for financing and how I can get commercial insurance that is reasonably priced. /QUOTE]
40% is better than for restaurantsCurrent stats show that only 40% of transportation start ups make it to the 5 year mark.
Exactly right you have to do your market research and run the numbers. But it all starts with an idea. I wouldn’t jump into it. I’d grow into it. Buy one and you be the driver, buy the second with the profits from the first. And do it again. Make your first trip to the bank be when you are selling (to help your buyer get a loan)That's not the same thing as buying new cars, hiring drivers and still trying to make a profit. I'm sure in the top 5 markets that's doable... but the majority of places will not support 3x loans, full coverage insurance with ride share coverage, and minimum wage to the employee, PLUS car expenses.
That's why you run financials and not just throw ideas into the air... those are the 60% that don't make it 5 years.