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Canoe and Kayak Rentals business.
Starting a canoe and kayak rental business will not leave you up the financial river without a paddle, as this is one of the best low-investment rental businesses that can be started. A canoe and kayak rental business can be established in a few different operating formats. With the first, you can supply canoes or kayaks to marinas and waterfront hotels and split the rental revenues that are generated. The second option is you can operate a canoe and kayak rental business from your own rented waterfront location. Or, the third option, you can run the business from home, advertising through print media to attract customers who can simply pickup the rental item from you, or you can deliver the rental equipment to the customer. The second and third options will generate the most income for the business, as well as give you the most control over the business and rental equipment.
start-up costs: A canoe and kayak rental business can be nicely established for less than $10,000. The following is a current retail price list for canoes, kayaks, and accessories.
Fiberglass canoe $400 - $600 Kevlar canoe $800 - $2,000 Ocean fiberglass kayak $1,500 - $2,000 Tandem ocean kayak $2,000 - $3,000 Roto-mold white-water kayaks $700 - $1,000 Life vests $25 - $100 Paddles $10 - $150 Purchasing previously-owned canoes and kayaks generally sell for half of the cost of new ones.
profit potential: As is the case in many rental businesses, once the inventory has been paid for there are not a lot of overheads associated with operating the business. Canoes and kayaks have a very long and usable life span and only require the occasional repair. Canoes rent for $40 per day and $125 per week, while kayaks rent for $50 per day and up to $200 per week. A well-established and equipped canoe and kayak rental business can easily generate revenues in excess $100,000 per year.