Hi everyone,
I am looking into starting a rental business for construction equipment (forklift, cranes, etc). Based in London but realise this will need to be done outside London. Have sufficient startup capital so the first few items of equipment can be bought outright in cash, so no bank loan needed, I think probably up to an initial outlay of about 40-50k. The idea will be to rent them to SMEs or larger companies who need them for a day/week etc. I know several other factors need to be considered - storage, parking, insurance, maintenance, etc. To be clear, I will NOT be operating these vehicles myself, we would either need to hire operates or provide them on an equipment only basis to the end users.
What is your opinion on starting this type of business? Is it lucrative enough to take off? Any tips on which items of equipment will provide the most lucrative returns at the moment? Has anyone else done this or is everybody on this site operating their own machinery?
Also, are there any women on this forum, or am I the only one?!?