One of the easiest business to setup. You only need to purchase the vehicle, register and get a franchise from LTFRB, and you're off. Well, the purchasing part isn't that easy though, because you have to contemplate on wether buying a second hand is practical thing than brand new. Let me give you some idea so you can weigh the pros and cons.
Second hand
Pros:
1. It's a lot cheaper
2. You can even get a free line franchise on the package price
3. If you're lucky, you can get the new registration and insurance for free.
4. Negotiable - you can haggle with the vendor on the lowest possible price.
5. Hey, why not include that nice stereo in the package?!
Cons:
1. Some parts needs to be fixed or changed before you can use it
2. Operation maintenance is high
3. Depreciation cost is high
4. Will only be operational for a few more years.
Brand new
Pros:
1. Sparkingly beautiful and smells fresh!
2. Almost maintenance free for at least 2 years.
3. Depreciation cost is low.
5. Will still be in top shape (with good maintenance) for the next 6 years.
Cons:
1. Expensive
2. Additional cost for registration and insurance.
2. Additional cost for franchise application at LTFRB.
4. Additional cost for taxi meter.
3. Additional cost for association memberships (TODA, PISTON, etc.).
5. Prone to carnappers.
It is always a good idea to drive the vehicle yourself for maximum ROI. If you don't know how to drive, look for a trusted driver. More advice from Reyna Elena.
How much money you have to invest?
Tricycle
Brand new: P60-80K (including sidecar)
2nd hand: P30-40K
Franchise: P3K (issued by local gov.)
Boundary: P120-150/day
Jeepney
Brand new: P300-350K
2nd hand: P100-150K
Franchise: P30K
Boundary: P600-800/day
FX (generic name for SUVs) Taxi
Brand new: P600-800K
2nd hand: P250-300K
Franchise: P50K
Boundary: P 1500-1800/day
Taxi
Brand new: P500-600K
2nd hand: P250-300K
Franchise: P30K
Boundary: P 1200-1500/day
Please note that the amounts and figures stated above are rough estimates only and does not reflect the actual amount which varies from different locations nationwide.
Tricycle Dealers
Suzuki Motors
Telephone Number: (632) 671-9722 to 28
Fax Number: (632) 671-3857
Email: suzphil@suzuki.com.ph
Honda Motors
Telephone Number (632) 8238001
Fax Number:
(632) 8385356
(632) 8238682
Email: webmaster@hondaph.com
Yamaha Motors
Tel: (63) 49-541-2890
Fax: (63) 49-541-2889
Jeepney Manufacturer
Sarao Motors
Pulang Lupa 1700 Las Pinas
Tel: 8067598
Tolentino Motors Corp.
CAA Road 1700 Las Pinas
Tel: 5664523; 8050922
Fax: 8050922
Binan Motors
55 A Roces Sr Avenue
1100 Quezon City
Tel: 3723116
Taxi & FX Dealers
Nissan Motors
Tel: 049-541-2201 to 19
Email: info@ns.nissan.com.ph
Mitsubishi Motors
Email Sales: d-calma@mitsubishi-motors.com.ph
Email Parts: j-nera@mitsubishi-motors.com.ph
Kia Motors
Trunk Line Number: (+632) 823-2331
images courtesy of: www.tropicalisland.de
5 comments:
pwede bang yung pang taxi mo yung brand new na instalment? parang example nissan ang tatak tapos nag down ka lang ng 65k tapos 5years to pay sa nissan pwede po ba yng ipareg as taxi?
hello po gusto ko lng makahingi ng advise kasi gusto ko rin po pumasok sa ganitong bussiness.maganda rin po ba ang kita nito lalo na kung fx,hindi po ba ako lugi dito?ng dadalawang isip po ako ksi kung kukuha ako..
Do you have any useful details about multicab franchising?
Its a very very good guide for those who are newly venturing into this type of franchising like me. :D thanks!
May i ask, is it true that to open a taxi franchise you need atleast 10 units of taxis according to Memorandum Circular # 2002-007 and is it still implemented as of today? Very much thank you. GOD BLESS.
-bry
hello
Anu po ang meaning ng boundary for example po sa FX, ang boundary po ay P1500-P1800, Ang meaning po ba nun ay ang profit po ba yon? excluding petrol and all other expenses po?Please reply to my email erakelly28@yahoo.com thanks
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