GR8 Techno Solutions, USA and BOBO Taxi have partnered to launch an app-based e-commerce mode payment taxi service in July 2019. BOBO Taxi is planning to launch the services in Tamil Nadu first and will expand to other states in the coming year. The business model will provide low-cost rides for the consumers and a handful of earnings for the car owners/drivers. Safety systems will be in place within the taxi to ensure the safety of the passengers.
Growth of Indian Taxi Market:
India's taxi market stood at around $ 6.4 billion in 2016 and is forecast to grow at a CAGR of 13.7% during 2017 – 2022, to reach $ 14.3 billion. Surging demand for taxi services in India can be attributed to the changing lifestyles of travelers and the increasing disposable income of consumers, especially in Tier-I and Tier-II cities. The market is witnessing increasing traction as taxis offer hassle-free travel experience to customers in addition to various other tangible and intangible offerings such as booking convenience through mobile applications, air conditioning, educated and skilled drivers, multiple payment options, 24×7 customer support, electronic fare meters, GPS enabled vehicles, etc.
BOBO TAXI – The best business opportunity for a profit-making mind.
Be part of BOBO Taxi, the revolutionary business plan that allows its dealers a handful of profits month on month.
Investment – Rs.25000/-
Operations Commenced On 2015
Franchise Commenced On 2019
Investment INR 10000 - 50000
Exclusive territorial rights to a unit franchisee Yes
Anticipated percentage return on investment 200 %
Likely pay back period of capital for a Unit Franchise 4-5 Months
Other investment requirements NIL
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Tamil Nadu
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Pondicherry
Type of property required for this franchise opportunity Commercial
Floor area requirement 150 - 250 Sq.ft
Preferred location of unit franchise outlet PLACE WHERE MORE TAXI TRAFIC IS THERE
Detailed operating manuals for franchisees Yes
Franchisee training location OVER PHONE
Expert guidance from Head Office to franchisee in opening the franchise Yes
Current IT systems will be included in the franchise Yes
Do you have a standard franchise agreement? Yes
How long is the franchise term for? 1 Year
Is the term renewable? Yes
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