Tool rental business plan examples

Let's talk about making money Let's start by talking about making money, or, your income. There are two types of income — active and passive. Active income is when you do work and are paid for that work. If you work at McDonald's, you are paid for the hours you work.

Tool rental business plan examples

Okay, so we have considered all the requirements for starting a construction equipment rental business. The reason why many businesses are renting equipment is due to the fact that they do not consider it necessary or worthwhile to purchase heavy equipment for use either due to budget constraints or the fact that buying the equipment would be a waste of resources as regards to leasing it.

Due to the fact that this is a capital intensive business, you would need the input of an expert who is knowledgeable in the industry and who would carry out an analysis on your company in relation to your location to help you determine if going into the business would be a wise decision.

If the odds are for you, the consultant would then help draft strategies that would help make your business have an edge over others that you might likely be competing with in the same location or even industry. Asides from getting a business consultant to help you determine if going into the business is worthwhile, writing a business plan is another task you would need to undertake.

Below is a sample of an equipment rental business template that should guide you towards writing your own business plan for your equipment rental business; A Sample Construction Equipment Rental Business Plan Template Business Overview The equipment rental industry according to IBIS World has several downstream businesses or industries that are its customers such as railcars, aircrafts, ships and drilling machineries.

There are more than 18, equipment rental businesses in the United States of America employing more than 78, people. However, according to statistics, the downstream sector will strongly drive the industry from to Also, it is stated that construction and transportation industries will benefit from this strong projection in the next five years.

However, as activities have dropped in the construction and transportation industries, it has caused many small players to exit the industry.

Equipment Rental Business Plan | Pro Business Plans

This is due to the fact that construction activities were on the increase globally, especially as governments were investing in emerging economies. Demand for advanced machinery with eco-friendly as well as low maintenance features has continually grown and is likely to surge past demand for conventional equipment in the coming years.

Also, another thing that responsible for a high adoption of rental products is the fact that consumers now have high purchasing power with a higher preference for rentals. This is due to the fact that emerging economies have increased the demand for heavy equipment.

The equipment rental industry is very capital in nature and businesses in the industry are usually involved in mergers and acquisitions, strategic alliances and joint ventures so as to increase their penetration to their target markets. We also intend to sell some of our equipment and also become distributors for some major equipment manufacturing companies all over the United States of America.

Our vision as a company is to be the preferred equipment rental company here in Atlanta and also be amongst the top 10 equipment rental businesses in the United States of America by To ensure that we achieve the following vision and objectives, we intend to ensure that we build the best business structure.

Creating a Vacation Rental Short Term Lease Agreement Form

Our equipment rental business is strategically located at Peachtree Street, NE in Atlanta and provides the required convenience for our various customers in easily locating us to make enquiries, buy or rent from us. Also, our online presence makes it quite easy for those who love shopping online to locate us, not only are we located on top of various search engines, we also respond promptly to any online enquiries.

Our equipment are of high quality and are designed to last for as long as possible, this is because we procure these equipment with our customers in mind, and we would want that the equipment they get from us carry out its tasks efficiently. Our management team is the best that can be found as we carefully sourced for those who not only had an understanding of the industry, but who also believe in our core values and were willing to work to ensure we reached our attained height.

Our customer care teams are very knowledgeable about the trends in the industry and have been trained to understand the wants of our clients and ensure that it is fulfilled.

All complaints are speedily attended to and resolved by our able customer care executives. We know how important is it to garner promotion for a business and so we have drafted effective publicity strategies that will ensure that the business gets the awareness it deserves here in Atlanta as well as all over the United States of America.

Finally, our Chief Executive Officer, Mr. Rocha Taylor is one who has the necessary expertise to ensure that the business attains its goals and objectives as he has more than 10 years experience in the rentals industry and will therefore bring in some strategies that will ensure we come up tops above our various competitors.

Our Products and Services Tack Rentals TR intends to deal in all sorts of services to its various customers in the target market. Our niche makes it very easy for us to be the exclusive equipment rental business here in Atlanta, Georgia.Is Starting a Small Business for Me?

In short – yes. The small business community is a diverse and eclectic collection of mom-and-pops, multi-generational businesses, one-stop shops, trendy boutiques, food trucks, lemonade stands, wine stores, bicycle stores masquerading as bars, and more.

7 income streams of millionaires: an open discussion of passive income

A Business Proposal, like the sample below, is a key part of forming new ventures and partnerships. If your business is in search of investors or looking to collaborate, a Business Proposal is your opportunity to formally detail what you can bring to the table.

Net Investment Income Tax (NIIT). You may be subject to the Net Investment Income Tax (NIIT).

tool rental business plan examples

NIIT is a % tax on the lesser of net investment income or the excess of modified adjusted gross income (MAGI) over the threshold amount. A report by BAE Systems and SWIFT shows that financial market areas such as equities trading, bonds, and derivatives face more threats than banking, forex, and trade finance.

ER's mission is to become THE exclusive full-service equipment rental, sales, and service company in upper and lower Denton Parish with the ability to service the surrounding parishes of Memphis, Knoxville, Grand Prairie, Plano, Garland, Irvine, and Riverside/5(20).

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A Sample Construction Equipment Rental Business Plan Template | ProfitableVenture