By Jordan Parker W hen Justin Ghosn was first approached to buy Yellow Cab, he didn’t see the inherent value. But as he and his family -- who have a large real estate portfolio in the Halifax Regional Municipal- ity -- went through the acquisition, Ghosn found opportunity. The 28-year-old has seen 30 per cent growth in consumers for the taxi company in two-and-a-half years, and he hasn’t looked back. “We were purchasing a commercial plaza on the corner of Almon and Gladstone Street, and the owner told us he was retiring, and wanted to sell his business,” said Ghosn. “We looked at Yellow Cab, and my father sug- gested we do our due diligence. We saw strong
Yellow Cab’s story goes back much further than 1962, the company’s history actually dates back to 1932, with the historic Armdale Taxi, which is one of the oldest known taxi companies in Atlantic Canada that was purchased by Yellow Cab of Halifax in 1980. In early February we had the opportunity to talk with Justin Ghosn, the new owner of Yellow Cab in Halifax, about why he and his family purchased the historic company that started as a single car fleet which has now grown to employ over 200 independently owned and operated taxi drivers and become a leader in modernizing Halifax Regional Municipality’s taxi industry service to over 1 million customers yearly.
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MARCH 2019 • SPOTLIGHT ON BUSINESS MAGAZINE
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