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Failing Business Need Suggestions.

 
biscuits and gravy

User ID: 1072087
United States
02/01/2013 04:18 PM
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Re: Failing Business Need Suggestions.
My friend has a Limo company, he's been in business for 15 years and done well for himself, until the past few years.

So far this year he has had 2 bookings in Jan and one booked for Mar. Nothing in Feb.
Does anyone have any suggestions?

He needs to close the doors but doesn't know how to go about it. Plus he's really depressed.

He has no debt everything is paid off. He does have operating expenses that run about $2,500 a month including rent, advertising, insurance and such. He doesn't have the rent due now. The business is a corporation so nothing should hurt his credit right?

I suggested an auction. He has other vehicles he needs to sell as well . Like a dune buggy and tricked out van.

I have been listing the limos on craigslist and ebay with no luck. I have even been listing them in surrounding cities.

He is going to try autotrader, has anyone had any luck with that?

I am hoping GLP can give him some good suggestions.
 Quoting: No Mo Limo 31039519


After retiring from the Army, I built a small chain of restaurants, and in 2006 I saw the writing on the wall. I sold the entire business lock,stock and barrel and retired to Sunny Fl.

I told most business folks to do the same, nobody listened.

I am loving life and livin large.

Basically OP, it's too late.

Last Edited by Lupe_Ate_My_Tacos on 02/01/2013 04:21 PM
One Tequila!
Two Tequila!
Three Tequila, ...... Floor!
Philligan
in rainbows

User ID: 2530194
United States
02/01/2013 04:19 PM

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Re: Failing Business Need Suggestions.
Contact other limo companies. Someone will buy them. I have a friend who does the websites of 2 local limo companies. PM me your info if you are interested
everything in its right place
Anonymous Coward
User ID: 24289757
United States
02/01/2013 04:22 PM
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Re: Failing Business Need Suggestions.
Service businesses are closing left and right.

These are things that during a bad economy people can do without.

Flower Shops
Nails
Hair Salons
Message Therapist
etc.
BRIEF
Rebel with morals

User ID: 381742
United States
02/01/2013 04:22 PM

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Re: Failing Business Need Suggestions.
How good is the insurance?
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
Matrix-V

User ID: 32905635
Canada
02/01/2013 04:23 PM
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Re: Failing Business Need Suggestions.
include hookers for a nominal fee. sex sells
Anonymous Coward (OP)
User ID: 31039519
United States
02/01/2013 04:23 PM
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Re: Failing Business Need Suggestions.
My friend has a Limo company, he's been in business for 15 years and done well for himself, until the past few years.

So far this year he has had 2 bookings in Jan and one booked for Mar. Nothing in Feb.
Does anyone have any suggestions?

He needs to close the doors but doesn't know how to go about it. Plus he's really depressed.

He has no debt everything is paid off. He does have operating expenses that run about $2,500 a month including rent, advertising, insurance and such. He doesn't have the rent due now. The business is a corporation so nothing should hurt his credit right?

I suggested an auction. He has other vehicles he needs to sell as well . Like a dune buggy and tricked out van.

I have been listing the limos on craigslist and ebay with no luck. I have even been listing them in surrounding cities.

He is going to try autotrader, has anyone had any luck with that?

I am hoping GLP can give him some good suggestions.
 Quoting: No Mo Limo 31039519


After retiring from the Army, I built a small chain of restaurants, and in 2006 I saw the writing on the wall. I sold the entire business lock,stock and barrel and retired to Sunny Fl.

I told most business folks to do the same, nobody listened.

I am loving life and livin large.

Your friend will stay with the ship, even though he has watched it started to sink for years now.

there is no advice he will take at this point.
 Quoting: biscuits and gravy


Him and I have been friends for 30+ years and you are so right. He is laying in bed right now hoping someone will call.
On a positive note, he has been eating really well and started exercising. He stopped drinking and messing around.

I believe a new door will open for him. He has perfect credit and owns his home. He wants to work for someone else for awhile and learn a new trade.
Anonymous Coward (OP)
User ID: 31039519
United States
02/01/2013 04:25 PM
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Re: Failing Business Need Suggestions.
How good is the insurance?
 Quoting: BRIEF


LOL ... not going there. You have no idea.
Anonymous Coward
User ID: 18237036
United States
02/01/2013 04:28 PM
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Re: Failing Business Need Suggestions.
Behind every successful businessman is a fire.(*wink*)
 Quoting: Anonymous Coward 3195221


Or a theft and a total smash
Anonymous Coward
User ID: 31567142
United States
02/01/2013 04:29 PM
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Re: Failing Business Need Suggestions.
sale it to carmax, duh! i sold my 2007 chrysler pacifica with 56,000 miles on it and got 7996.00 not bad
Anonymous Coward
User ID: 17888588
United States
02/01/2013 04:29 PM
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Re: Failing Business Need Suggestions.
Is there any way he can "specialize" in something and give the company a particular focus?

I am thinking just doing airport shuttles and taking a group of people at a time. Making regular runs to the airport both ways if there is one near him.

Are there any fancy hotels/casinos in the area he can partner with? Spas?They could incorporate his services into their services?

Or how about making it a business that centers around shuttling kids to and from sports practices and other events. "Kid Cab" and he can get the vehicles "wrapped" with a new kid friendly logo. That might work a bit better in this type of economy.

Just throwing out some ideas! LOL
Anonymous Coward (OP)
User ID: 31039519
United States
02/01/2013 04:40 PM
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Re: Failing Business Need Suggestions.
Is there any way he can "specialize" in something and give the company a particular focus?

I am thinking just doing airport shuttles and taking a group of people at a time. Making regular runs to the airport both ways if there is one near him.

Are there any fancy hotels/casinos in the area he can partner with? Spas?They could incorporate his services into their services?

Or how about making it a business that centers around shuttling kids to and from sports practices and other events. "Kid Cab" and he can get the vehicles "wrapped" with a new kid friendly logo. That might work a bit better in this type of economy.

Just throwing out some ideas! LOL
 Quoting: Anonymous Coward 17888588


He has stretch limos so it's not worth taking them out for an airport run. Well it would be worth it if he had a ride coming back.
Two of his limos are really nice, older but in perfect shape. He has so much money into them. They are like show cars. He has a hard time taking them out. OMG if they get dirty he freaks.
Wax on wax off. The guy has ODC.

I really don't think there is hope for this business. I am serious there are no calls. ZERO
Like I said I've been hanging around him since he started I watched the decline.

I am not going to tell him I told you so because I kept telling him since 2008 to sell the entire business.
He went down with the ship.
Anonymous Coward
User ID: 33443367
United Kingdom
02/01/2013 04:40 PM
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Re: Failing Business Need Suggestions.
He may need to drop his prices, try doing an email send to a few companies offering to take people to corporate or business lunches.

When someone is trying to catch a big fish, for example when a company is trying to get a sale they often take the client out to wine and dine them.

He could provide the transport, but he needs to advertise this to the right companies. He needs to contact companies asking them to keep them on their books. There may be some work If he tells companies he can offer them a discount for driving clients to business lunches etc or pick up clients from the airport. Worth a shot maybe.

Good luck to him, hope he makes it through the depression, ots not just him thats depressed its the economy.
Anonymous Coward
User ID: 1253249
United States
02/01/2013 04:43 PM
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Re: Failing Business Need Suggestions.
contact other limo companies to see if they will by some of his inventory.

take out an add in the local paper for deep discount deals on weddings, prom, etc.
Anonymous Coward
User ID: 25898128
United States
02/01/2013 04:44 PM
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Re: Failing Business Need Suggestions.
Service businesses are closing left and right.

These are things that during a bad economy people can do without.

Flower Shops
Nails
Hair Salons
Message Therapist
etc.
 Quoting: GeorgiaPeach


aren't those all things welfare queens spend their money on?

theres gonna be a hoard of angry black women storming the streets because they can't get their hair and nails done.
Philligan
in rainbows

User ID: 2530194
United States
02/01/2013 04:45 PM

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Re: Failing Business Need Suggestions.
Contact other limo companies. Someone will buy them. I have a friend who does the websites of 2 local limo companies. PM me your info if you are interested
 Quoting: Philligan


Did you see my post? Just trying to help since you are asking for help right? Both companies here seem to be thriving they could possibly buy a limo or two. Anyways your call but good luck to your friend
everything in its right place
Anonymous Coward (OP)
User ID: 31039519
United States
02/01/2013 04:46 PM
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Re: Failing Business Need Suggestions.
He may need to drop his prices, try doing an email send to a few companies offering to take people to corporate or business lunches.

When someone is trying to catch a big fish, for example when a company is trying to get a sale they often take the client out to wine and dine them.

He could provide the transport, but he needs to advertise this to the right companies. He needs to contact companies asking them to keep them on their books. There may be some work If he tells companies he can offer them a discount for driving clients to business lunches etc or pick up clients from the airport. Worth a shot maybe.

Good luck to him, hope he makes it through the depression, ots not just him thats depressed its the economy.
 Quoting: Anonymous Coward 33443367


That's a great idea about the business lunches. I am going to tell him
Sartrue (OP)

User ID: 31039519
United States
02/01/2013 04:47 PM
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Re: Failing Business Need Suggestions.
Contact other limo companies. Someone will buy them. I have a friend who does the websites of 2 local limo companies. PM me your info if you are interested
 Quoting: Philligan


Did you see my post? Just trying to help since you are asking for help right? Both companies here seem to be thriving they could possibly buy a limo or two. Anyways your call but good luck to your friend
 Quoting: Philligan


Had to sign in I will PM you
Thanks, I didn't see your post sorry
Sartrue
tandym

User ID: 1667343
United States
02/01/2013 04:48 PM

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Re: Failing Business Need Suggestions.
Getting a limo to and from the airport is often cheaper than doing a super shuttle, etc. Does he advertise that way?
Sartrue (OP)

User ID: 31039519
United States
02/01/2013 04:49 PM
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Re: Failing Business Need Suggestions.
Thanks for the pin. I wish it was a happier subject
Sartrue
snark

User ID: 27313445
United States
02/01/2013 04:50 PM

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Re: Failing Business Need Suggestions.
What part of the country are y'all in? I own a transportation service business and we are buried.
T For Texas, T For Tennessee!


The virtue of courage is a prerequisite for the practice of all other virtues, because otherwise one is virtuous only when virtue has no cost. There are times when something needs to be done, and yet we know that if we step up and do this needful thing, we will pay a heavy personal price. -C.S. Lewis
Sartrue (OP)

User ID: 31039519
United States
02/01/2013 04:51 PM
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Re: Failing Business Need Suggestions.
Getting a limo to and from the airport is often cheaper than doing a super shuttle, etc. Does he advertise that way?
 Quoting: tandym


For airport runs you need a sedan that won't need to be washed everyday. If you do an airport run in the stretch then you have to clean it asap. Then he doesn't make money.

He has 6 stretch limos and 2 older fancy tricked out ones.
Sartrue
Sartrue (OP)

User ID: 31039519
United States
02/01/2013 04:51 PM
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Re: Failing Business Need Suggestions.
What part of the country are y'all in? I own a transportation service business and we are buried.
 Quoting: snark


NE Ohio
Sartrue
snark

User ID: 27313445
United States
02/01/2013 05:00 PM

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Re: Failing Business Need Suggestions.
If he wants to keep running, one thing to concentrate on is weddings. People get married all of the time, we do a huge amount of wedding business. Get to know the wedding planners, go to bridal shows, get to know other wedding vendors. Great steady business, and if he happens to own a classic/antique car that's real cool, I'd market that for the bride and groom getaway car and let the wedding parties go in the limo.

Last Edited by snark on 02/01/2013 05:01 PM
T For Texas, T For Tennessee!


The virtue of courage is a prerequisite for the practice of all other virtues, because otherwise one is virtuous only when virtue has no cost. There are times when something needs to be done, and yet we know that if we step up and do this needful thing, we will pay a heavy personal price. -C.S. Lewis
Anonymous Coward
User ID: 31014627
United States
02/01/2013 05:04 PM
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Re: Failing Business Need Suggestions.
Run it like a cab company until business picks up. Put up flyers at pubs, etc where people will need a cab. Charge a little more. Taxi service with style.
Philligan
in rainbows

User ID: 2530194
United States
02/01/2013 05:04 PM

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Re: Failing Business Need Suggestions.
If he wants to keep running, one thing to concentrate on is weddings. People get married all of the time, we do a huge amount of wedding business. Get to know the wedding planners, go to bridal shows, get to know other wedding vendors. Great steady business, and if he happens to own a classic/antique car that's real cool, I'd market that for the bride and groom getaway car and let the wedding parties go in the limo.
 Quoting: snark


I just reserved one for my wedding In October
everything in its right place
lightchild_uk
Waiting for IT

User ID: 14523072
United Kingdom
02/01/2013 05:09 PM

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Re: Failing Business Need Suggestions.
VALENTINES DAY!!!


Could he offer a ride as a competition prize to local radio stations?
Anonymous Coward
User ID: 10372663
United States
02/01/2013 05:14 PM
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Re: Failing Business Need Suggestions.
Improvise, adapt, overcome! If a business can't be flexible it will whither and die.
afistfullofsand
User ID: 31981154
Canada
02/01/2013 05:26 PM
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Re: Failing Business Need Suggestions.
tell him to do some good like maybe go to seniors centre and take them out for night on the town for free. Ask for his angels and guides to help after he helps someone else and watch the abundance.
Anonymous Coward
User ID: 1579668
United States
02/01/2013 05:37 PM
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Re: Failing Business Need Suggestions.
No debt? Then why is he selling?

In these times you need to think out of the box -

How far from the airport is he? He should be taking his car(s) out there and soliciting for hire. A one-way fare is better than nothing. Also, he should going around to all the hotels and drumming up car service with the valets and concierges in the area - may need to slip them a little incentive money to put his name on their speed dial. What are the tourist attractions around - advertise for sight seeing tours, sporting and concert events, girls night out, etc. Short day-trip destinations as well (wine tasting, etc.). Also kids tween and teen birthdays, quincietta (sp?), bat mihtzvas, etc. Parents spend a lot of money on their kids. Valentine's dinner, Mothers Day brunch...Hit up the indoor play centers (bounce houses) there's a lot of business out there just waiting to be serviced.

You also have to adapt to market online - use social media religiously - Facebook, Twitter, Yelp, Google+

Good Luck!
Anonymous Coward
User ID: 25795506
United States
02/01/2013 05:38 PM
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Re: Failing Business Need Suggestions.
My two cousins used this site, www.meridiancapitalfunding.net.

I own a small business as well but it's more on the side. Good luck to your friend.

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