Is Limousine Business Profitable

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Webas your business grows, you could purchase another limousine and hire an additional driver, bringing your profit margin down to 35%. You could then raise. Weba the limousine business seems to experience steady revenue growth. The competition is very stiff, but there always seems to be room for an operator who is reliable.

For companies to generate revenue, break even and. The california corporate tax rate on profits is 9. 5%. Added to this is the federal corporate tax rate on profits up to $50,000 of 15%. The industry has grown to eleven billion dollars in revenue annually in recent years. Your business may not be immediately. Weba limo rental business is typically profitable; In recent years, the industry has grown tremendously to hit $11 billion in annual revenue. Even if the business may be slow. Weba limo business can be a lucrative enterprise, but starting one requires you to navigate the complications of securing financing, purchasing vehicles, promoting your.