Power Tool Rentals business.
Business Overview
Simply start by purchasing good-quality commercial-grade power tools, design an information brochure listing tool descriptions, and indicate day and weekly rental rates. The rental price list can be distributed to local construction and renovation companies. Your advantage over the competition is that you can advertise that you guarantee free delivery of the rental tool (if in stock) to the job site in one hour. The entire business can be conducted right from a delivery truck with the assistance of a cellular phone for incoming rental inquiries.
start-up costs: The initial investment to set a tool rental business in motion will be in the range of $20,000 to $25,000, plus the cost of a delivery truck or van.
profit potential: Providing you can maintain weekly rental sales of $2,000, there will be no difficulties in generating profits of $1,000 per week after overheads, equipment repairs, depreciation, and replacements.
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