So, you’re ready to start your limo service? For decades, limousines have been synonymous with luxury and exclusivity, but the limo rental business potential is very versatile and lucrative. Between high school dances, birthdays, and black-tie events, the need for this business is year-round. Look no further if you’re looking for pointers to start your new service. Here are some tips for starting your own limo service company.
Have a Catchy Business Name
Creating an emphasis on a luxury experience should reflect your business name and imagery. A significant key component of creating a limo service is to have a brand name that people will remember—and choosing your target demographic plays a part in selling your service to your potential clients. Remember that keeping an open mind regarding potential clients will only increase profits.
Here are some examples of catchy business names:
- Red Carpet Limo Service
- Limousine Life
- Comfort Chauffer
Hire Well-Experienced Limo Drivers
When starting your limo service, you want to ensure that you have the best drivers in town. Hiring experienced drivers will cut down on training or mishaps. By conducting interviews with these drivers, you can provide the most reliable, friendly, and well-experienced drivers in your city or surrounding areas to help develop a solid brand.
Acquire Your Permits and Licenses
A limo service requires picking and dropping off clients safely and comfortably to their destination within the destined time. Ensuring that you have the proper state permits and licenses, as well as limo insurance, is essential. Acquiring these permits signifies that you take your passengers’ safety seriously. Failure to obtain necessary permits can result in significant fines, or even your business shutting down.
You will need:
- Driver’s license
- Chauffer license
- A business license
- Tax identification number
- Liability insurance
Accept Multiple Forms of Payment
Most limousine rental companies require deposits. Not accepting multiple forms of payment will close your business off to a large market. Adding cash, checks, money orders, and credit cards will expand your business to a versatile market. To ensure that your payment setup is secure and ready to go, make sure you follow guidelines to add credit card processing correctly.
Help create the night of someone’s dream by ensuring you follow these tips on starting your own limo service company. By providing experienced drivers, having a catchy business name, and accepting multiple forms of payments, you’ll be on the fast track to success!