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Personal Water Crafts business.
Renting personal watercrafts like Jet Skis can be a fun and profitable way to earn a living. A watercraft rental business can be established in a fixed location, such as a marina, or the business can be operated on a mobile basis, setting up daily in busy tourist areas like public beaches. You will need to get permission for the mobile operation, as well as securing liability insurance regardless if the business is operated from a fixed location or on a mobile basis. This unique rental business could even be operated on the basis that each watercraft has its own small trailer, and people could rent the watercraft on a daily or weekly basis for extended holidays.
start-up costs: There are numerous variables, in terms of the total investment required to start a personal watercraft rental business including the number of rental watercraft, fixed or mobile operating location, and transportation equipment. However, this type of rental business will require approximately $25,000 to $35,000 to establish.
profit potential: Jet Skis generally rent for the following rates: $50 to $70 per hour, $200 to $250 per day, and $600 per week. A well-equipped and established watercraft rental business can easily provide the owner-operator with profits exceeding $50,000 per year. Additionally, the ability to mechanically maintain the equipment will help keep overhead costs to a minimum.