Guess you have not seen the order Sunbelt rentals (formally a plant ) has put in for gear, hire market is going to get flooded with new gear soonbloody hell talk about encouragement!
one thing is for sure, building is mega busy and demand for plant is high.
How to turn that into money i don't know but its there for the taking, don't take too much notice of the nay sayers on here go for it!
they do an ambilical tracked carrier for the hooka to move steels and a steel lifting head for them looks a good setup, firm running a pair of them with operatorsI wonder if one of those hookalift things could earn money. One of those and a remote control tracked carrier platform thing for transporting the conc beams and steels round the back of a house for extensions. If you could get both on a trailer that would save you transporting costs.
I don't know what the going rate for a telehandler for half a day is but would guess somewhere around that. I think a small crane is £250 a hour locally.
I would think you would need to operate it yourself though.
Not such a crazy idea,but doing own research pays better,cleared about £70k in last year of trading,thats as well as working,looked at my redundancy from couple year back n it wouldn't have got me far with shop,machine or retail set up ref start up n running costs,so into shares it wasCopy Lynchy on the share chat thread....
Yes they feel much less sketchy than a genie lift and they lift from below makes them easier to get in
No, it is from personal savings.Where did this startup capital of 50k come from? Not a bounce back loan was it?
Plant hire can be profitable, but no idea on ROI as each cost would probably be based on the selling price after 3-5 years similar to car leasing companies where they make a bit of money on the hire then gain on the sale of the vehicle at the endNo, it is from personal savings.
Thanks everyone for your replies, lots of useful information here, seems like 50k is just not enough to start a profitable rental business.
@AusDave Renting space as you suggested is probably a better option, but I assume you are in Australia?
@Quattromike interesting idea but about during the winter or next year when overseas holidays become normal again?
Similar to the hippo bags you see in b and q, cheap to buy and the collection fees are near enough skip pricesAny one seen this before I've seen the hippo bags but always wondered why someone doesn't collect the dumpies.
50k maybe start you on this I'm London with a 3.5t and hiab.
I've got a couple of welfare units never seemed to get any enquiries, they are a few years old but fully working, new they are something like 20k+ each£50k to spend. In the plant industry. I'd buy as many towable welfare units as I could. Like gold dust at the moment, high demand for the foreseeable and a nice simple business to run with a relatively decent return per week.
Or a few wacker plates, small tools, garden machines like scarifiers and hire to facebook idiots who think they are getting a "deal" not using a proper hire company.