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Sector information: cab company
There are different types of cab companies focusing on different market segments and services. Here are some common types of cab companies:
- City and street cabs: These are traditional cabs available for rides within cities and towns. They usually operate from cab stands or can be booked by phone or through a mobile app.
- Airport cabs: These cab companies provide transportation to and from airports. They are often available at airport terminals and can be pre-booked for pick-up and drop-off services.
- Business transportation: These are cab services that cater to business travelers and businesses. They often offer luxury cars, professional drivers and services such as airport transfers, shuttles for business meetings and events, and business accounts for regular clients.
- Limousine Rental: Limousine rental companies offer luxury limousines and chauffeured vehicles for special occasions, such as weddings, galas, corporate events and personal celebrations.
- Ridesharing and app-based cab companies: These are modern cab services offered through mobile apps. Examples include businesses such as Uber, Lyft and similar platforms that connect private drivers with passengers.
- Tourist cabs: Tourist cabs cater to tourists and often offer sightseeing tours and transportation to tourist attractions. They may also have multilingual drivers to serve international tourists.
- Wheelchair accessible transportation: Some cab companies specialize in wheelchair accessible transportation for passengers with mobility impairments. They have vehicles with special equipment to safely transport wheelchairs.
- Group transportation: businesses offering group cabs have larger capacity vehicles, such as minivans and vans, to transport larger groups of passengers, such as families, travel groups and business teams.
- Medical cabs: Medical cabs specialize in transporting patients to medical appointments, hospitals and healthcare facilities. They are often equipped with medical equipment for patients who need special care.
- School Transportation: Some cab companies provide transportation for schoolchildren to and from schools and other educational institutions. This can be convenient for parents and caregivers.
- Party and event cabs: These cab services focus on transporting people to parties, events, festivals and nightclubs and often offer rides for groups.
What to look out for when buying a cab company
When considering the acquisition of a cab company, there are several important factors to consider to ensure that the transaction goes smoothly and that you can achieve a successful acquisition. Here are some of the key points to keep in mind:
- Vehicles and equipment: Assess the condition and maintenance of the vehicles in the cab company's fleet. Check if they comply with local cab regulations and standards.
- Licenses and permits: Make sure the cab company has the necessary permits and licenses to offer cab services in your area. Check if these licenses are transferable at the time of acquisition.
- Technology and booking systems: Examine the cab company's technology and booking systems used, including mobile apps, dispatch software and GPS tracking. Make sure these systems are functioning and transferable.