This is a sample blog intro for equipment rental company. The company rents out construction equipment such as skid steer loaders and excavators. It also offers other services such as moving and delivery.
The company has been in business for more than 20 years, serving the local community with affordable rental equipment and professional service.
If you’re looking for an affordable way to get the job done, then look no further than ABC Rentals. We offer the best prices on all our products and services, so you can get the job done without breaking the bank!
Business plan for equipment rental company
Equipment rental companies lease heavy equipment like tractors, backhoes, and bulldozers to contractors and homeowners. The equipment is used to do landscaping work, dig out basements, tear down buildings, and much more.
This industry is dominated by large national chains like Caterpillar and JCB. But there are opportunities for entrepreneurs who want to start their own rental business or expand an existing one.
Here’s a sample equipment rental company business plan that shows how you can start your own company. This plan describes a startup company called “Husky Rentals.”
Equipment rental business plan example.
This sample equipment rental business plan is for a company that rents construction equipment and other machinery to customers for short-term use. This business plan was created with the assistance of a Certified Public Accountant (CPA).
Table of Contents
Executive Summary
Business Description
Target Market Analysis
Market Research and Competitive Intelligence
SWOT Analysis
Competitive Analysis: The Focus of This Section Is On Your Target Customers’ Needs, Your Ability To Meet Them And Your Competitive Advantage Over Other Players In The Market.
Sources Of Capital And Financial Requirements
Management Team And Organization Chart
The equipment rental business is a fast-growing industry, with companies such as Home Depot and Lowe’s offering services to rent out their products. The equipment rental business can be operated in many different ways. You can either buy used equipment and resell it, or you can purchase new equipment and rent it out. There are many advantages and disadvantages to each method, which should be considered when deciding how to proceed with your own equipment rental company.
The first step in starting an equipment rental business is to determine what type of equipment you will be renting out. This is important because different types of equipment require different types of insurance coverage, as well as different types of maintenance procedures. For example, if you’re going to be renting out heavy construction equipment like a backhoe or bulldozer then you’ll need liability insurance coverage in case anyone gets hurt while operating the machine. On the other hand, if you’re going to be renting out tools like hammers or saws then there’s no need for liability insurance since there won’t be any danger of injury from using these items.
Next comes setting up your business structure and obtaining all necessary licenses and permits needed by law before opening for business operation. Depending on whether or not you plan on selling used
Equipment Rental Company Business Plan
Table of Contents
Introduction
Proposal Summary
Company Description
1.1 Business Description and Mission Statement
1.2 Target Market Analysis
1.3 Competitive Analysis
Equipment Rental Business Plan
Table of Contents
Executive Summary
1.0 Executive Summary
1.1 Market Overview
1.2 Company Description
1.3 Company Financials
2.0 Market Analysis
2.1 Target Market Segmentation by Demographics and Geography
2.2 Competitors in the market, their strengths and weaknesses, SWOT analysis, and key developments
3.0 Marketing Strategy Proposal
3.1 Marketing Plan Outline – Targeting the right customers (market segmentation)
3.2 Cost-Benefit Analysis of Marketing Mix Elements: Product, Price and Promotion (distribution) strategy recommendations; Marketing mix elements and promotional mix recommendations; Launch plans for new products/services; Advertising and promotion budgets; Sales forecasts; Pricing elasticity estimates; Branding recommendations; Product positioning recommendations; Distribution strategy recommendations