from TransitMiami.com
"If you follow local headlines at all, you may have noticed that Miami’s taxi system has been under intense scrutiny for the last few months. The media has cited a litany of complaints from residents and tourists alike about the conditions of cars, poor customer service, and the lack of credit card machines in taxis. At present, the Miami-Dade County Commission has several reform proposals on the table that would significantly change the for-hire transportation market. These changes include among them mandated credit card machines in all cabs servicing Miami International Airport and the Port of Miami, a sweeping reform program called “Ambassador Cabs” for those same two areas supported by Mayor Carlos Gimenez, and an overhaul of the limousine ordinance to make way for digital dispatch services like Uber to operate in Miami. Proponents of these ordinances argue that these are necessary reforms to bring Miami’s taxis into the 21st century."
Every time I hear taxi medallions selling for a million in NYC, 400 Ks in Miami or 350 K in Chicago scratch my head and try to figure out where are the economics and numbers behind owning taxi medallion?
ReplyDeleteAs an owner of medallion which you lease out, you probably walk away with net profit of 20-25 Ks a year at most ....
....or even if you are owner operator with shift driver to help you out, you will be hard pressed to take home 45 grand a year.
So, question repeat itself, where are the economics behind owning taxi medallion?
Could someone explain this to me? thx
Most buyers in NYC treat medallions as a "safe" investments
DeleteThey figure that 50 thousand income a year on 1 million, which equals 5% is better than 1 or 2% at the bank.
Where to buy taxi meter in Florida? thx
ReplyDeleteI would like to sell share / medallion in well established taxi company , lease is $60- $65 per 12 hour shift
ReplyDeletex 2 drivers = 120-130 a day x6 days= at least $760 minus $250 in expencess = +$500 a week on 45K investement ............................... can not beat this...................... I am retiring
Any offer over $35K will be considered
OK, I am interested, what is your contact info?
Deletetaxi medallion for sale is in St Petersburg, FL
Deleteplease contact me at
zuchowskiw(at)yahoo.com
or text me
at
727@793@5818 with title "medallion for sale"
above information is invalid, -that taxi medallion had been sold
DeleteI have two taxicab medallions for sale in Miami Dade county. Serious inquiries only please call 305-785-4758.
ReplyDeletewhat are you asking for them
DeleteIf interested in buying a medallion in Miami dade please email me at giovannalissette@gmail.com
ReplyDeleteGiovanna
ReplyDeletePlease call me to discuss the terms of the taxi medallions and price.
I have 3 Miami dade taxi medallions for sale. Email me at tapcount@att.net
ReplyDeleteI have some questions is necessary the medallion for a taxi business? I want to start one but i dont know if is necessary medallions to start it
ReplyDeleteSeems to me that taxi industry is turning around as customers and drivers slowly come to understanding what uber and lyft really are..... big corporations with a little or no moral standards....
ReplyDelete