Construction Equipment Rental
Rent construction equipment and heavy machinery including excavators, skid steers, lifts, and contractors' equipment to builders and contractors
Overview
Construction equipment rental businesses provide heavy equipment and construction machinery - excavators, skid steers, lifts, compressors, and contractors' equipment serving construction industry rental needs.
Daily rates range from $200-$1,500 depending on equipment, weekly $800-$5,000.
Operating 15-40 pieces of equipment generates $250,000-$1M+ annually with 35-55% margins after equipment costs.
Target clients include general contractors, specialty contractors, landscapers and excavators, homeowners doing projects, municipalities, and construction companies.
Services include heavy equipment rentals, aerial lifts and scaffolding, compaction and concrete equipment, power tools and equipment, delivery and pickup service, and equipment training and safety.
Success requires significant capital for equipment purchases, understanding construction equipment and maintenance, relationships with contractors and builders, yard space for equipment storage, potentially equipment operator training, and managing equipment utilization and maintenance schedules.
Required Skills
- Heavy Equipment
- Construction Industry
- Equipment Maintenance
- Fleet Management
- B2B Sales
Pros and Cons
Pros
- Essential service for construction
- Equipment assets generate ongoing revenue
- Can build fleet over time
- B2B contractor relationships
- Construction market demand
Cons
- Massive equipment investment
- Equipment maintenance and repair costs
- Yard space and storage requirements
- Liability and insurance costs
- Construction market economic sensitivity
How to Get Started
- Research construction equipment rental market
- Secure financing for equipment purchases
- Find yard space for equipment storage
- Purchase initial equipment fleet
- Get insurance and licensing
- Market to contractors and builders
- Build equipment utilization and maintenance systems
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