Starting a heavy equipment rental business is a very profitable business idea. In the U.S., the heavy equipment rental industry includes 5,973 businesses and is worth $52 billion. On average, each rental business makes about $8.8 million a year. As for the salary, a heavy equipment rental business owner could generate $110,377 per year in income.
However, this is a capital-intensive business venture so if have limited cash, you won't be able to invest in many equipment for rental. So the best way to start with 1 or 2 heavy equipment.
But What heavy equipment is rented most? Which heavy equipment makes the most money?
This video answers these questions for you!
If you like this video, don’t forget to like and subscribe!
Be sure to keep an eye out for our comprehensive list of top-recommended heavy equipment for a rental business, coming soon in the description!
This curated selection will guide you in making informed choices for your venture, ensuring you invest in equipment that maximizes profitability and meets market demand.