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Failing Business Need Suggestions.

 
Heavenly Alchemy

User ID: 32570619
United States
02/01/2013 05:58 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


Is he absolutely giving it up?

Do you live in an area with airports? He could network with businesses to be their airport transportation, or just transportation in general.

Also getting his business in the online directories for business/airport/party transportation.

He could also set up romantic packages, maybe partner with a hotel or hotels, restaurants, etc..


There are so many other ideas that have come to mind.

Let me know if he wants to try to keep the business going. I have a ton of ideas to help him out.

Last Edited by Heavenly Alchemy on 02/01/2013 06:01 PM
snark

User ID: 1050548
United States
02/01/2013 05:59 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!
 Quoting: Anonymous Coward 1579668

Couldn't agree with all of the above more. We do all of these type events, any kind at all and we have done it all. The airport runs are the least profitable type of run you can do, but if it's all you have to pay the bills, you do it. Your best bang for the buck comes the longer the client stays on the vehicle and on the clock. Proms are great, we have a 6 hour minimum for proms. Market online, it's CHEAP and there are a lot of sites that will let you have a basic listing for free (wedding wire comes to mind).
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: 24537691
Canada
02/01/2013 06:37 PM
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Re: Failing Business Need Suggestions.
Why close the doors.

Look for ways to increase revenue streams.
Park outside bars at closing and sucker in the drunks rolling home. Flat rate runs to and from airport.
There are many ways to increase revenue if you think outside the box.

Then you can sell the fleet as a functioning business instead of losing your shirt on dumping them at auction.
Anonymous Coward
User ID: 12366656
United States
02/01/2013 06:37 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


Operate on the sly, blow the advertising, it's not paying off. blow the insurance--to the required state minimum for one car only, blow the rent, and work from a cell phone, blow the corp tax due in Del or whereever and let it run into the ground, operate on a visa machine hooked to cell phone, the bank account should stay open even if the corp is not in good standing.

Keep the cars, and run it like a black-ops....advertise in craigs list, and telemarket his old customer list with steep discounted prices....

Or just be Obama's BITCH! and go out of business and sleep on a park bench while the Isrealites grab every dollar in sight and put everyone into a police state. What is this Moose-ah-lee-knees Italy....

What do you think the so-called chosen people would do, if regualr people were doing this to their businesses.....they'd still operate them.

As long as you OWN the cars, you OWN them vs a lender. So keep them.

Krystal Coach just shut down do to no orders, so the whole limo thing is seems like it's at the bottom of the barrel right now.

Get a second job as a little legue coach or something to pay for 3 squares a day until Obango & Co. are replaced by something better.

Or just be Obama's BITCH! and go out of business and sleep on a park bench while the Isrealites grab every dollar in sight and put everyone into a police state.
ceawaves

User ID: 28704314
United States
02/01/2013 06:55 PM

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Re: Failing Business Need Suggestions.
Forget about it...They're ALL failing..
Anonymous Coward
User ID: 14392840
United States
02/01/2013 06:58 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


Were in a serious depression. No one has money for parties and dates anymore. Those days are long gone.
Anonymous Coward
User ID: 33449931
United States
02/01/2013 07:00 PM
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Re: Failing Business Need Suggestions.
He can collect from the insurance company saying that his fleet of limos were struck by Jewish Lightening......Actually,he should convert them all to hearses because what is coming down the pike is going to keep him a busy man!
sonnyjim
User ID: 29018612
United States
02/01/2013 07:02 PM
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Re: Failing Business Need Suggestions.
there are auction houses who work with liquidating business, start there. Also if its a lack of work, try one of the social network deal sites like living social or groupon. Just a suggestion.
 Quoting: Anonymous Coward 14286934


Thanks I will try both. I briefly tried to make a listing on groupon but couldn't find a link. You don't have it by any chance?

The problem he has with auctions is watching his hard earned money sell for pennies on the dollar. I try to tell him the limos paid for themselves a few times over.

Thanks Again.
 Quoting: Anonymous Coward 31039519


Groupon is anti-second amendment..
just so you know.
I would never use them.
Anonymous Coward
User ID: 33449931
United States
02/01/2013 07:04 PM
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Re: Failing Business Need Suggestions.
Have him put hidden cameras in the back of the limo,let the kids do their thing, and then start selling internet porn...
Anonymous Coward
User ID: 33429760
United States
02/01/2013 07:11 PM
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Re: Failing Business Need Suggestions.
make sure his website is very good and seo is as well.

if that's already done, then it's time to sell those limos and start something new.
snark

User ID: 1050548
United States
02/01/2013 07:22 PM

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Re: Failing Business Need Suggestions.
Sometimes I see limo businesses with older fleets that are having a harder time competing with guys who have newer vehicles. Think outside the box and make the vehicle unique instead. Karaoke limo. Haunted city/countryside tours. A set route/shuttle between the colleges and the bars...where you have deals with the door to get your peeps in free or at reduced cost. Celebrity night packages...your vehicle, a hotel stay and a dinner. Progressive dinners for groups- have drinks at one location, appetizers at the next, dinner at the next and finish off with desert at the last restaurant. Again, support your local businesses and make money for everyone!
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: 18637931
United States
02/01/2013 08:09 PM
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Re: Failing Business Need Suggestions.
I just bought a taxi and limo service that I have been working for for the last four years. I am doing very well after one year but only becaus im in a college town. Where is he from? Maybe advertising methods he uses are outdated give me more info? Also I might be interesting in what type of vehicles he has for sale.. Lets talk. Does he want to stay open? I can give advice otherwise I wanna know whats for sale
Anonymous Coward
User ID: 18637931
United States
02/01/2013 08:12 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


Were in a serious depression. No one has money for parties and dates anymore. Those days are long gone.
 Quoting: ELNATHAN APOLLYON

Wrong. Anh college town big enough is money like clockwork ESP thu Fri amd sat nights
Anonymous Coward
User ID: 16093095
United States
02/01/2013 08:13 PM
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Re: Failing Business Need Suggestions.
OP you still here? I work in executive transportation? One word! Downsize ! Go full high tech ! Since the election work has tanked but still out there! What city is he in?
Anonymous Coward
User ID: 18237036
United States
02/01/2013 08:13 PM
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Re: Failing Business Need Suggestions.
when its over, its over.

I checked craigslist for limos and it looks pretty full of em right now. cheap to.
Anonymous Coward
User ID: 16093095
United States
02/01/2013 08:17 PM
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Re: Failing Business Need Suggestions.
I understand :( Im one man one car ! Low over head and very inventive! Got to scramble in the black car game!
Anonymous Coward
User ID: 18637931
United States
02/01/2013 08:19 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.
 Quoting: Anonymous Coward 31014627


Exactly what we do. Taxi and limo
boojieboy

User ID: 33069720
United Kingdom
02/01/2013 08:19 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


Is he absolutely giving it up?

Do you live in an area with airports? He could network with businesses to be their airport transportation, or just transportation in general.

Also getting his business in the online directories for business/airport/party transportation.

He could also set up romantic packages, maybe partner with a hotel or hotels, restaurants, etc..


There are so many other ideas that have come to mind.

Let me know if he wants to try to keep the business going. I have a ton of ideas to help him out.
 Quoting: Heavenly Alchemy

I find this thread interesting, as in comparing what is happening in Scotland re limo companies. Limo companies here are thriving as young kids parent's book them for birthday's, proms, graduations etc. It is interesting (although sad for your friend) that you say his/her business is failing as trends in the US seem to filter down to here around a year later. I have owned a taxicab company for around 25 yr and takings are around 1/3rd of what they were when I started but they still bring in a decent living. I would advise your friend not to throw in the towel just yet but keep an eye on things. If he doesn't have a website he should attend to that, make up flyers and post them through doors, have sticky labels made up and put them on the phonebox in bars etc, place business cards on tables in bars etc., etc. Make a point one day a week to get his name out there and the calls will come
Anonymous Coward
User ID: 16093095
United States
02/01/2013 08:21 PM
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Re: Failing Business Need Suggestions.
OP? Basicly! Im a GED holding retard that is well spoken, and have 1000 dollor days driving a car! In the middle of a depression! OP? Who won? GT 500!
Anonymous Coward
User ID: 16093095
United States
02/01/2013 08:26 PM
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Re: Failing Business Need Suggestions.
Hello , come back!!!!!!!!!!
Anonymous Coward
User ID: 16093095
United States
02/01/2013 08:29 PM
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Re: Failing Business Need Suggestions.
Also forgot to mention :( . Transportation , especaily " black cars" are under attack by big companies who want to control it all and make billions ! Aka " Viola" largest company in the world!
Anonymous Coward
User ID: 32648015
United States
02/01/2013 08:33 PM
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Re: Failing Business Need Suggestions.
I have a close relative that owns a Limo company. He struggled until he tried a new marketing campaign.

He cut a deal with hotels in his area (10% commission) to place advertisements on the check in counter.

He takes families to the ski hill.
He takes groups bar hopping all over town.
He takes groups on wine tasting tours.
He takes families to reception dinners the night before the wedding.
He takes wedding guests from hotel to wedding reception and back to hotel.
He takes groups to bachelor/bachelorette parties (you can drink on his bus).
He takes groups to football games and cooks their pre-game meal for them.
If there is alcohol involved, it makes sense to rent a limo instead of driving. He has a bus (15 people max) that he uses, instead of a stretch.

He has the hotel find his guests, and he gives them a cut.

He has a deal with the wineries in the area. If he brings people to their store (big in my area) he gets a cut of the sales.

This will give you some ideas, but it can be a very profitable business because expenses are so low - and it is an all cash business.

good luck
Anonymous Coward
User ID: 1499591
Netherlands
02/01/2013 08:37 PM
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Re: Failing Business Need Suggestions.
Invest 1 k and sell more
Anonymous Coward
User ID: 16764710
United States
02/01/2013 08:38 PM
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Re: Failing Business Need Suggestions.
I can't answer not knowing the business, but I can if I know where he works, i.e. rough location.

A couple of quick ideas. Work a deal with Uber, the new private limo app used as a taxi service. It may be worth something to see if they can use their limos for this service.

Second post a question on Quora and then bring the question back here, so some of us can answer.

I am a start-up/business consultant and can certainly give you some ideas, but I need more to go off of.
Anonymous Coward
User ID: 7114281
United States
02/01/2013 08:40 PM
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Re: Failing Business Need Suggestions.
I don't think that he should even consider going out of business until July. I seems to me that May and June should be the months with the highest demand due to proms and weddings. My parents were in the jewelry business and they would never have considered evaluating their year until the all important Christmas and Valentines seasons were over.

He needs to market to young men and convince them to use his service. Girls. love. limousine. rides.

BTW, I was taught to call it a car, not a limo. I can barely type that word.
Anonymous Coward
User ID: 16093095
United States
02/01/2013 08:44 PM
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Re: Failing Business Need Suggestions.
I can't answer not knowing the business, but I can if I know where he works, i.e. rough location.

A couple of quick ideas. Work a deal with Uber, the new private limo app used as a taxi service. It may be worth something to see if they can use their limos for this service.

Second post a question on Quora and then bring the question back here, so some of us can answer.

I am a start-up/business consultant and can certainly give you some ideas, but I need more to go off of.
 Quoting: Anonymous Coward 16764710


Right on !! Great idea ! Never even heard of " Uber" ? Il check it out myself ! Basicly old mom and pop ideals and business strategy is gone! You have to be a 9 second company thats how fast business moves in todays world! Great ideas!!!
Anonymous Coward
User ID: 1306067
United States
02/01/2013 08:45 PM
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Re: Failing Business Need Suggestions.
S-corp, C-corp or Limited Liability Corp (LLC)?
 Quoting: Sammie


Thanks, gotta know where to start.
Anonymous Coward
User ID: 19396116
United States
02/01/2013 08:47 PM
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Re: Failing Business Need Suggestions.
Turn the limo into a brothel. A brothel on wheels.

Your new moto will be: "You Wanna take a ride?"

Anonymous Coward
User ID: 33299049
United States
02/01/2013 08:53 PM
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Re: Failing Business Need Suggestions.
He needs to build some business. Have him work with some local bars to organize Party Nights complete with limos.

Organize some Ladies Night Out and offer a complete package of flowers,limo, itenarary, etc. dining and dancing.

Get hooked up with a local radio talk show and talk it up.
Anonymous Coward
User ID: 31862440
United States
02/01/2013 09:06 PM
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Re: Failing Business Need Suggestions.
Well, if he lives in an interesting location, he could offer some tourist sort of package. He could inquire at hotels to see if they want some sort of package -- because they often try to do special vacation packages. Radio stations for publicity, and they could do publicity stunts. Could he partner up with tour stuff -- ghost or paranormal tours, museums, colleges who need to drive people to airports or train stations...

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