I'm looking at an equipment hire business.
I'd like to understand key considerations about how to successfully operate this type of business.How important is it to have a base of pro customers who regularly hire tools for their construction work vs DIYers who need equipment on an infrequent basis.
What are the key drivers of profitability? What should I be thinking about with respect to competition and location?
Any insights or links to resources would be appreciated.
Does anyone have experience with equipment hire businesses?
by a searcher from University of Wisconsin - Madison
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