One of the most profitable enterprises can be a business for renting special equipment. Various special equipment (excavators, loaders, bulldozers, and so on) is used not only by construction companies.
Often a limited amount of hard work is required, such as leveling a site, digging a pit, or clearing snow from a site. For one-time work, it makes no sense to buy special equipment, it is usually rented.
The demand for the services of special equipment is usually high, so you can earn very good money on its rental. However, it is clear that such an enterprise also requires solid investments. Not everyone can afford even a few pieces of special equipment. But it still needs to be maintained and maintained.
Therefore, for the implementation of such a project, it is necessary to prepare well. It is necessary to conduct a marketing research, identify the demand for rental services for special equipment, make calculations and prepare a business plan .
By the way, having a high-quality business plan will allow you to implement a project to create an enterprise even with a minimum of funds.
Leasing can be a profitable option for acquiring special equipment.
The essence of leasing schemes is that equipment is purchased with the funds of a leasing company and remains in its ownership until the loan is repaid. Typically, the lessee is required to invest only 10-20% of the total cost of the equipment. Thus, you can, for example, take a consumer loan from a bank, invest it as down payments, and receive the rest of the money from a leasing company. True, in the future you will have to pay leasing fees, but this will allow you not to pay income tax, and at the end of the term you will receive special equipment already in your ownership at an almost zero price, paying its cost at the expense of income received.
The income from the rental of special equipment is quite large, usually even the rental of a loader is several thousand dollars per hour, while the cost includes the time it takes to transport the equipment to the place of work. And renting heavy equipment costs tens of thousands of dollars an hour. So the coverage of credit costs is quite real.
True, it must be taken into account that in order to implement the business idea of renting special equipment, a parking lot, maintenance and fuel costs, as well as staff maintenance will be required. It is advisable to select drivers for special equipment that are reliable and skillful so that the equipment works without accidents and breakdowns.
The profitability of the business of renting special equipment usually exceeds 20-25% and allows you to fully recoup expensive equipment within 2-3 years. However, the profitability of this type of business largely depends on the availability of orders, accurate calculations and a good business plan.