You could also rent out the equipment that professionals may need on their construction site, anything from excavators to orange cones. If you own a large building that is zoned for commercial use, you could rent out office space to businesses. Startup businesses often like to have initial office equipment on rent because of the non-affordability of purchasing costly furniture and related essential equipment. With the global car rental market size expected to hit $164.335 million by 2022, the car rental business is a competitive industry and makes a great business idea for any entrepreneur who intends to start a business. Some homeowners or renters may need temporary furniture solutions in their spaces. Or you could focus on more accessible clothing and just allow people to rent pieces that they might only wear once or twice. Do You Know the Tax Advantages of LLCs, S-Corps and Corporations? The virtual office provides communication and address services without providing dedicated office space to the clients. With any of these types of properties, you could also aim to host shorter term guests in these spaces using home rental sites or apps. Those who are moving often need a variety of equipment as well, like moving trucks, bins and furniture dollies. One of the most high-profile real estate business ideas, property flipping has been popularized by addictive TV programs over the last several years. Party rental businesses can provide a variety of items that people need to host birthdays, graduations, or even weddings, including tables, chairs, servingware and decor.eval(ez_write_tag([[300,250],'smallbiztrends_com-medrectangle-3','ezslot_1',149,'0','0'])); This type of business would provide dumpsters to homeowners or businesses that are cleaning out clutter, performing renovations or getting ready to move. You could also provide mobile storage units or set up a facility where people can rent space to store their various belongings. Luxury bus rental business opportunity demands initial aggressive advertising and marketing drive. People often hire audio equipment for various speaking events like private dining, banquet, meeting, outdoor event, panel discussion, open event, press conference, etc. A bike rental business is a smart option if you live in an area with extensive bike trails (Cape Cod, for example, is an area with loads of bike tourism).Think about what kinds of add-ons you can offer to boost sales: tag-alongs or trailers … Get Field Rentals business addresses, phone numbers, driving directions, maps, reviews and more. If you have sufficient quality book collection, starting a book renting business is a perfect way to earn handsome money out of it. Are you searching for profitable and lucrative leasing and rental business ideas? Coffee vending machine renting is a great way to earn handsome money out of a little investment. We have put together this simple guide to starting your car rental business. If you locate your business in a convenient location, you could make a very high-profit year after year. Even if the space is a bit smaller than a traditional office building, you could set it up as a coworking space for individuals. Most of the businesses and companies are looking for a conference room on rent for their special meeting or training programs. There is more to starting a business than just registering it with the state. Our mission is to bring you "Small business success... delivered daily.". The rental services industry has been growing steadily since the recession, according to data from the U.S. Bureau of Labor Statistics. Office space renting is a smart way of making money out of the rental business. Rent out clubs, carts or even apparel.eval(ez_write_tag([[580,400],'smallbiztrends_com-large-leaderboard-2','ezslot_6',151,'0','0'])); For those looking to shore up their landscaping for the year, you can rent out rototillers, leafblowers, edgers or other supplies they may need but don’t want to actually purchase. Here is the list of profitable low-cost leasing and renting business ideas and opportunities with low capital investment: 1. If that’s the case, rent out that space as a conference room. 13. Sign up for the Small Business Trends newsletter today and receive TWO free exclusive eBooks that include over 200 sales and marketing tips. Arcade game renting is a wonderful trending business nowadays. Anyone can venture into the rental business since it requires no formal qualifications. Some people might even want to simply try out a particular piece by renting it before buying. Portable toilets are often necessary for outdoor events or construction sites. For those who would prefer a hunting related business, you could rent out gear like scopes, blinds and binoculars to hunters in the area. You can rent out heavy equipment like bulldozers and backhoes to some private companies. Our aim is to educate the entrepreneur on the various stages of entrepreneurship. Rentals are the next big thing. If you want to cater to a niche party segment, then you can consider a birthday party rental business. If you have such a space, you can earn handsome money by renting it as a conference room. And the rental business industry is worth more than $100 billion in the USA. So if you’re interested in starting this type of business, here are 50 different niches to consider. You can establish a small retail store to promote this business. Focus on tuxedos, gowns, suits or and accessories that people would only wear on special occasions. People hire a private jet to have more comfort, luxury, and private flying than public air jets. As the musical instrument is costly, people always prefer to have that on rent instead of buying. You can start this business as a home-based and part-time also. But don’t just keep it in your head! A B2B rental business, you could offer kiosks that companies could use to set up temporary storefronts. Water Sports Equipment Rental. It is considered the most popular adventure sport. You may simply have a bit of extra space in a building that’s already in use. That way, you can easily increase the uptime of your rentals. First you need to prepare a business plan and according to that you need to invest in this business idea. There is more to starting a business than just registering it with the state. Two types of carpet shampoo machines are generally available in the market. Music instrument rental for beginners and band is a great way of making money out of a rental business. A multimedia projector is one of the most useful equipment in the conference, training or seminars. Deal with the apartment owner about the rent and terms. Required fields are marked *, Founded in 2003, Small Business Trends is an award-winning online publication for small business owners, entrepreneurs and the people who interact with them. You could also focus on the other side of the camera and rent out photography equipment to those who want to document a specific event. Let’s get started! So many would prefer just to rent those items rather than purchasing them. You can even make them into arrangements like a florist would do. Many people who often need to relocate for their professional purpose, always looking for gas cylinder rental service. The demand for the coffee vending machine is increasing in places around small, medium, and large offices, schools, industrial canteens, hospitals, software companies, hotels, restaurants, malls, and many other places. Business Ideas . Travelers and people who don’t need vehicles on a day-to-day basis often find the need to rent vehicles for short periods of time. I would warn you that the list is never-ending but halfmba.com has curated the best ones. Owning a rental property is akin to tightrope walking. 9. Virtual office space renting is one of the most profitable leasing and rental business ideas that can be initiated with substantial capital investment. Brainstorm on how to launch your camera rental business. Audio, video and presentation equipment is also popular for rentals since businesses in particular may need to use that type of gear on rare occasions. We have put together this simple guide to starting your bike rental business. The rental business is one of the most profitable business ideas. I’ve been getting so much feedback with great business ideas from my community and in the comments, so I frequently add to this post. People like to borrow, do-it-yourself rent professional equipment. 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