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.
Large Scale Construction Equipment 3. Currently, the economic market condition in the United States is moderate.
Unemployment rates have declined while asset prices such as equities and real estate have increased significantly. As such, the Heavy Equipment Rental Service will be able to remain profitable and cash flow positive at all times through its high gross margins. The growth of this industry has remained on par with the growth of the economy in general, and is expected to remain as such as time continues.
Among these customers, Management has outlined the following demographics: Operates as a construction company. Operates as a general contractor or subcontractor. The key to writing a strong competitive analysis is that you do your research on the local competition.
Find out who your competitors are by searching online directories and searching in your local Yellow Pages. Below is an overview of the marketing strategies and objectives of the Company.
Establish relationships with general contractors througout the target market.
Doe intends on using a number of marketing strategies that will allow Heavy Equipment Rental Service, Inc. These strategies include traditional print advertisements and ads placed on search engines on the Internet.
Below is a description of how the business intends to market its services to the general public. The Company will maintain a sizable amount of print and traditional advertising methods within local markets to promote the heavy equipment rental services that the Company is selling.
Heavy Equipment Rental Service, Inc.
This is very important as many people seeking local services, such as renters of construction equipment, now the Internet to conduct their preliminary searches. The Company will also develop its own online website showcasing the services offered by the business, relevant contact information, and preliminary pricing information.
Finally, the business will develop ongoing relationships with general contractors that will subcontract the rental of construction equipment to the Company.
You should provide as much information as possible about your pricing as possible in this section. However, if you have hundreds of items, condense your product list categorically.
This section of the business plan should not span more than 1 page. For each owner or key employee, you should provide a brief biography in this section.
In the event of an economic recession, the Company may have issues with top line income as individuals and businesses scale down new constructions.Rental of trucks and trailers without drivers, party and banquet equipment, personal and household goods and heavy construction equipment without operators are all excluded from this industry.
With annual revenue of $5billion, this industry is a very lucrative means of livelihood. Sep 28, · The equipment rental business can be competitive, depending on the area. It often involves taking business away from other companies to be profitable. Many tool/construction equipment rental operators sell new and/or used equipment like skid steers, power washers and lawn mowers.
This equipment will need servicing. A good rental business idea to offset lower equipment rentals during the off season months and keep employees productively employed is to service what you sell. Equipment Rental equipment rental sales business plan executive summary.
Equipment Rental is an established heavy-equipment rental and sales business/5(20). Machinery, Equipment & Infrastructure Business Plan. Executive Vice President, President and CEO, Business Plan: Sales Trends of Major Business Areas of business in equipment, etc.
・ Synergies at Primetals (Metals machinery business) ・ Strengthening of . Doing things differently from what rental business owners and operators are accustomed to doing isn’t always easy – but it can be the start of something great.