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Construction Equipment business.
Beyond power tools, there is a vast amount of construction equipment that is required to successfully complete a building or renovation project. A great deal of this equipment is rented for this purpose, as opposed to purchasing the construction equipment. Construction equipment rentals can include lift and crane trucks, generators, lighting equipment, ladders, safety equipment, grading equipment, and on-site security equipment. Starting a construction equipment rental business requires a very good working knowledge of the construction industry and of the exact needs and requirements of contractors, in terms of equipment. Additionally, mechanical and equipment repair abilities are an absolute must.
start-up costs: To properly setup and establish a construction equipment rental business you will need a very large investment, in the neighborhood of $100,000 to $150,000. Once again, providing that you have the ability to repair the equipment, you can save a considerable amount of start-up capital by purchasing used construction equipment that is in good mechanical and operating order. However, the name of the game in construction equipment is reliability and speed, and if your equipment is not reliable contractors will rent elsewhere.
profit potential: Construction equipment rentals can be extremely lucrative, annual profits can easily exceed $100,000 per year.