PediCab
Startup Costs: $2,000 - $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? Yes
Online Operation? Yes
Peddle your way to profits by starting your own bicycle or pedicab taxi service. Whether a romantic ride through a park or a sightseeing visit around town, tourists love to take in the sights and sounds on their vacation with a relaxing ride in a pedicab. The main obstacle to overcome for starting a pedicab taxi service is licensing. However, if a license to operate a pedicab can be acquired or purchased, you could then be well on your way to establishing a fun and profitable business. There are many styles of pedicabs available ranging from two occupants all the way to six, and the cost to purchase a new pedicab is in the range of $3,500. Ride or rental rates are currently about $8 to $12 per 15 minutes with a minimum $5 charge. This type of business can easily be expanded by hiring contractors to operate the pedicabs on revenue split basis. I would suggest a 50/50 split or a flat rental rate that the operator pays for an entire shift. Ideally, this type of business will be located in an area frequently visited by tourists and with a climate that will allow for a year-round operation to maximize profits. Be sure to build alliances with local hotels, motels, and tourist attractions that will let you display promotional materials in their lobbies as well as park in front of their establishments and cater to their customers seeking to hire a pedicab for an enjoyable ride.
PediCab Ideas
Boat Rentals
If you own a boat that sits on land more than water, consider renting it out for others to enjoy.
Valet Parking Service
Here's a classy way to park your new business in place.
Boat Charters
Ride your way into profits with a boat charter business.
More from Business Ideas
At 24, She Was Fired From Her Advertising Job. Then an 'Incredibly Important' Mindset Helped Her Build a Multimillion-Dollar Business.
Melissa Ben-Ishay's brother Brian Bushell encouraged her to follow her passion — and it led to major success.
How to Start a Lucrative Side Hustle on Taskrabbit, From 3 People Who Did It — One of Them Earns Over $70,000 a Month
Why not get paid for skills you already have?
Love Doesn't Have to be Tough — 3 Things to Do to Keep Harmony in Your Family-Owned Business
Family matters. So does being intentional in the workplace.