Equipment rental business plan sample

Equipment rental business profitability

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. We are aware of the importance of building a solid business structure that can support the picture of the kind of world class medical equipment rental business we want to own. These improvements reflect our rate increases beginning in October , which made up for no real rate increase since However, we have decided as of March 1, we will no longer provide small engine repair service to walk-in trade. The report stated that the Medical Equipment Rental industry has grown by 2. Further information on the local economy, including recent newspaper articles are available upon request. ER will develop three brochures: one to be used to promote sales, one to use to announce the product in a new market, and the other to recruit sales associates. In the past this service had been provided by a local moving company but was not satisfactory. All complaints are speedily attended to and resolved by our able customer care executives. Interested in more advice on buying equipment?

And do you enjoy arguing with them? Radio advertising on secondary stations. We also intend to sell some of our equipment and also become distributors for some major equipment manufacturing companies all over the United States of America.

Heavy equipment rental business plan

Kayaks and canoes, talk to tourists, etc. Take for instance, some hospitals or medical facilities rent ultrasound, remote patient monitoring and X-ray equipment, as well as other types of medical equipment that tend to become obsolete quickly. Okay, so we have considered all the requirements for starting a medical equipment rental business. We were attracted to Bradenton because of its proximity to family, the lifestyle, and the ability to raise our children in a more controlled environment. Our projections for are included in this business plan and are based on historical data, and augmented with the latest charges that are outlined in this plan. We also intend to grow and expand as a company till we are known all over the United States of America Our Business Structure Having the right business structure is very important to us as a business, because we know that getting the business structure right will set us on the right path towards attaining success as an organization. The report stated that the Medical Equipment Rental industry has grown by 2. Our niche makes it very easy for us to be the exclusive equipment rental business here in Atlanta, Georgia. Our Mission Statement In order to achieve our goals and objectives, we intend to create a niche for ourselves in the area where we operate, so as to have little or no competition. Furthermore, the regulatory environment has promoted demand for medical equipment rentals. Below is a description of how the business intends to market its services to the general public. Establish relationships with general contractors througout the target market. Our large number of assets and varied services have made our situation difficult to analyze. ER will develop three brochures: one to be used to promote sales, one to use to announce the product in a new market, and the other to recruit sales associates.

Need actual charts? A recent report published by IBISWorld shows that over the past five years, the Medical Equipment Rental industry has exhibited growth due to the rapid advent of high-cost equipment. Currently, the economic market condition in the United States is moderate.

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The current management goals will reduce and contain these costs. Avoid idle inventory at all costs — it only takes up space and money that you could use to grow your business!

Business plan template

Your equipment is likely to be one of your biggest investments so make sure that you invest your money wisely. The company plans to employ two people from the area, in positions within the shop. In view of the above, we have decided to hire qualified and competent hands to occupy the following positions in our organization; Chief Executive Officer Owner. We are considering a promotional incentive for the referring agent courtesy of Ryder. We hope that this guide has been useful for you! We also intend to sell some of our equipment and also become distributors for some major equipment manufacturing companies all over the United States of America. ER has a world-class management team with direct knowledge of the industry, extensive research experience, and unique administrative skills. Our customer care teams are very knowledgeable about the trends in the industry and have been trained to understand the wants of our clients and ensure that it is fulfilled.
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Heavy Equipment Rental Service Business Plan