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VIC Conventional Taxi Licence - Geelong

$40,000

Details

LocationDandenong South, VIC 3175

Licence Details

Plate TypeConventional
State / JurisdictionVIC
Service AreaGeelong
Plate NumberT-4163
TransferableYes
Regulatory AuthorityCPVV
Annual Renewal Fee$950.00
Lease StatusCurrently Leased
Weekly Lease Income$309.00/wk
Vehicle RequiredYes

Description

Geelong conventional taxi licence for sale. Geelong is Victoria's second-largest city and one of the state's fastest-growing regional centres.

Licence Details:
- Type: Conventional taxi licence
- Area: Geelong / regional Victoria
- Regulatory body: CPVV
- Status: Active and in good standing
- Currently operated by the owner-driver (retiring)

Geelong Market Strengths:
- Population exceeding 270,000 and growing rapidly
- Geelong University Hospital and Barwon Health precinct generate consistent demand
- Deakin University Waurn Ponds campus for student transport
- GMHBA Stadium (AFL, concerts) creates event peaks
- Geelong waterfront and Bellarine Peninsula tourism
- Spirit of Tasmania terminal relocation to Geelong will significantly increase demand
- Less ride-share penetration than Melbourne

Owner-Driver Performance:
- Typical weekly gross: $1,400-$2,000
- Operating costs: approximately $600-$800/week
- Net owner-driver income: $600-$1,200/week

The owner is retiring after 18 years and will provide a handover period including introduction to regular customers, hospital and aged care contacts, and network setup.

Geelong licences are trading below Melbourne but the earning potential relative to cost is excellent. Great entry point for a new taxi operator.

CPVV transfer process applies.

Buyers should conduct independent due diligence. Taxi licence values are subject to regulatory change. VIC traditional taxi licences were abolished in 2017. NSW licence transfers banned from Feb 2023.