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Rental Equipment & Services

BUSINESS IDEAS

Rental Equipment & Services - A Business Opportunity for Short Term Needs

There are all kinds of equipment that people need on a short-term basis. The equipment is not used by one person often enough to warrant purchasing such equipment for themselves and do not want to want to have to store it in the home or in the garage. For this type of business, you can start with one type of equipment or have a variety of things that people need. It can be a completely home based business that you operate out of your garage or basement, but there are also franchise business opportunities available in this field.

For example, people like to clean their carpets on a regular basis, If you have one or two steam cleaners that you can rent for $30.00 per day, and you pay $250.00 for each machine, you can easily realize large profits over the course of a year. The customers buy the cleaning solution that they need, so you may need to have a small inventory of the cleaner to sell to those who rent the equipment and make a profit on this sale as well.

Rent and rent to own has become popular with people who need a particular appliance, but can't afford to make the outright purchase. This is a favorite for students who rent an apartment and need a washer, dryer, computer or even furniture. You can purchase used appliances that are in good working order and rent them for a monthly fee. You can easily double or triple your initial investment in a year. Best of all you get the equipment back, clean it up and make a few repairs if they are needed and rent it out again. You can add to your inventory as your business expands and eventually have a full-fledged business where customers can come in and browse to find what they need. You make money and the customer goes away happy.