{"id":29477,"date":"2024-02-10T09:17:12","date_gmt":"2024-02-10T09:17:12","guid":{"rendered":"https:\/\/smallbusinesshub.in\/?p=29477"},"modified":"2024-02-10T09:17:26","modified_gmt":"2024-02-10T09:17:26","slug":"power-tools-rental-business","status":"publish","type":"post","link":"https:\/\/smallbusinesshub.in\/power-tools-rental-business\/","title":{"rendered":"A Guide to Starting a Power Tools Rental Business in India"},"content":{"rendered":"\n<p>Power tools are always in demand in any city or growing town. Most people do not want to purchase power tools because they only need them occasionally.<\/p>\n\n\n\n<p>Therefore, there is always a demand for power tools rental businesses. If you are looking to start a business with a small investment, you can consider starting a power tools rental shop.<\/p>\n\n\n\n<p>This business is relatively easy to start. You do not need any special skills or training. In this article, you will learn more about the power tools rental business.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_64 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >In this Post<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/smallbusinesshub.in\/power-tools-rental-business\/#Is_this_business_profitable\" title=\"Is this business profitable?\">Is this business profitable?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/smallbusinesshub.in\/power-tools-rental-business\/#Investment_required_for_Power_Tools_Rental_Business\" title=\"Investment required for Power Tools Rental Business\">Investment required for Power Tools Rental Business<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/smallbusinesshub.in\/power-tools-rental-business\/#Operating_the_Business\" title=\"Operating the Business\">Operating the Business<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/smallbusinesshub.in\/power-tools-rental-business\/#Licenses_and_Registrations_required\" title=\"Licenses and Registrations required\">Licenses and Registrations required<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/smallbusinesshub.in\/power-tools-rental-business\/#List_of_items_to_consider_in_your_shop\" title=\"List of items to consider in your shop\">List of items to consider in your shop<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Is_this_business_profitable\"><\/span>Is this business profitable?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>For example, a drilling machine can cost around \u20b92000, an angle grinder \u20b91500, a cutting machine \u20b92500, and a demolition machine \u20b94000.<\/p>\n\n\n\n<p>When you rent out these machines, you can charge \u20b9100-200 per day for a drill or angle grinder, \u20b9200-300 for a cutting machine, and \u20b9400-500 for a demolition machine.<\/p>\n\n\n\n<p>Now you can calculate how many days it will take to recover your investment. Once the investment for a machine is recovered, all future earnings are profit. You can earn income as long as the machine has a lifespan.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"188\" src=\"https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2024\/02\/power-tool-business.jpg\" alt=\"power tool business\" class=\"wp-image-29490\" srcset=\"https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2024\/02\/power-tool-business.jpg 600w, https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2024\/02\/power-tool-business-300x94.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\">Machine maintenance is challenging:<\/h4>\n\n\n\n<p>Since many people will use your machines, they will need to be repaired frequently. Partnering with a technician can help you get repairs done at a lower cost. It is also a good idea to learn how to do minor repairs yourself.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Investment_required_for_Power_Tools_Rental_Business\"><\/span>Investment required for Power Tools Rental Business<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>To start a power tools rental business in India, you&#8217;ll need a minimum investment of \u20b94 lakhs. The exact investment amount depends on the scale of your business, specifically the types and quantities of machines you purchase.<\/p>\n\n\n\n<ul>\n<li>Equipment purchase: \u20b93\u20134 lakhs<\/li>\n\n\n\n<li>Shop interior works: \u20b950,000 (furniture, racks, signage, etc.)<\/li>\n\n\n\n<li>Licenses and registrations: Around \u20b94,000<\/li>\n\n\n\n<li>Marketing expenses: \u20b98,000<\/li>\n\n\n\n<li>Shop security deposit: (varies depending on your location)<\/li>\n<\/ul>\n\n\n\n<p>Ongoing monthly expenses include shop rent, machine repair work, utility bills, labor salaries, etc.<\/p>\n\n\n\n<p>Before purchasing equipment, research the demand for specific tools in your area to determine the types and quantities needed.<\/p>\n\n\n\n<p><em><mark style=\"background-color:rgba(0, 0, 0, 0);color:#ff0000\" class=\"has-inline-color\"><strong><span style=\"text-decoration: underline;\">Related:<\/span><\/strong><\/mark><\/em><\/p>\n\n\n\n<ol>\n<li><a href=\"https:\/\/smallbusinesshub.in\/tata-power-solar-dealership\/\" data-type=\"post\" data-id=\"28557\">Hardware Business in India | Complete Guide<\/a><br><\/li>\n\n\n\n<li><a href=\"https:\/\/smallbusinesshub.in\/pure-ev-dealership\/\" data-type=\"post\" data-id=\"27659\">How to Start Electrical Shop Business | Complete Guide<\/a><\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Operating_the_Business\"><\/span>Operating the Business<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>When you rent out your machine to a customer, there is always a risk that they may not return it or that they may damage it. This is why it is important to collect a security deposit from the customer before you rent out the machine.<\/p>\n\n\n\n<p>The amount of the security deposit should be equal to the value of the machine. For a new machine, you can charge the full purchase price as the security deposit. For a used machine, you can charge 50% of the purchase price.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2024\/02\/Power-tools-rental-business-1024x536.jpg\" alt=\"Power tools rental business\" class=\"wp-image-29489\" srcset=\"https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2024\/02\/Power-tools-rental-business-1024x536.jpg 1024w, https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2024\/02\/Power-tools-rental-business-300x157.jpg 300w, https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2024\/02\/Power-tools-rental-business-768x402.jpg 768w, https:\/\/smallbusinesshub.in\/wp-content\/uploads\/2024\/02\/Power-tools-rental-business.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>In addition to collecting a security deposit, you should also get the customer&#8217;s contact information and the make and model of the machine. You should also record the condition of the machine when you rent it out.<\/p>\n\n\n\n<p>When the customer returns the machine, you should inspect it for any damage. If the machine is damaged, you can deduct the cost of the damage from the security deposit. You should then return the remaining balance of the security deposit to the customer.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0);color:#e2332a\" class=\"has-inline-color\"><em><strong>Y<\/strong><\/em><\/mark><em><strong><mark style=\"background-color:rgba(0, 0, 0, 0);color:#ff0000\" class=\"has-inline-color\"><span style=\"text-decoration: underline;\">ou may also Like:<\/span><\/mark><\/strong><\/em><\/p>\n\n\n\n<ol>\n<li><a href=\"https:\/\/smallbusinesshub.in\/battery-business\/\" data-type=\"post\" data-id=\"26809\">Building Material Business | Complete guide<br><\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/smallbusinesshub.in\/exide-battery-dealership\/\" data-type=\"post\" data-id=\"26844\">Exide Battery Dealership | Complete guide<\/a><\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Licenses_and_Registrations_required\"><\/span>Licenses and Registrations required<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>You do not require special licences or permits to start a power tool rental business. You can start with Shop and establishment registration and a GST certificate.<\/p>\n\n\n\n<p>If you lack capital, then you can approach banks for Business loans with a proper business plan.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"List_of_items_to_consider_in_your_shop\"><\/span>List of items to consider in your shop<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>When it comes to power tools, hundreds of different tools and equipment are available. However, it is not possible to stock all of these items in your shop. You should purchase tools based on the demand in your area.<\/p>\n\n\n\n<p>Here are some common items you can expect to find in a power tool rental shop:<\/p>\n\n\n\n<p>Tile cutter machine, Compressor, extension board, chain saw, Jackhammer, Pressure washer, Vibrator, Blower, Pump, Putty mixing machine, Grass cutter, Welding machine, Pump, Earth Auger machine, Grinding machines Welding machine, Vacuum cleaner, Sprayer, Drilling machine, Heavy Hammers, Hand cutter, Lawn mowers, Self screw machine, Power router, Putty rubbing machine, Polish machine, Generator.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Where to purchase power tools?<\/h4>\n\n\n\n<p>You can purchase these tools from power tool wholesalers. Large wholesalers are located in cities like Delhi and Mumbai, and you can purchase from them at a good price.<\/p>\n\n\n\n<p>You can also get dealer contact details from the online wholesale marketplace <a href=\"https:\/\/www.indiamart.com\/\" target=\"_blank\" rel=\"noopener\">IndiaMART<\/a>.<\/p>\n\n\n\n<p>There are many brands of power tools available in the Indian market, with Bosch, Makita, Hilti, Hitachi, Dewalt, and Stanley Black &amp; Decker being the most common.<\/p>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1603778916370\" class=\"rank-math-list-item\">\n<h5 class=\"rank-math-question \">Who are the potential customers for the power tools renting business?<\/h5>\n<div class=\"rank-math-answer \">\n\n<p>The potential customers for a power tool rental business are primarily homeowners, contractors, landscapers, and maintenance personnel.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1707539440619\" class=\"rank-math-list-item\">\n<h5 class=\"rank-math-question \">How much shop space is required for a power tool rental business?<\/h5>\n<div class=\"rank-math-answer \">\n\n<p>You can start a power tools rental business with a 300-square-foot shop.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<p>Choosing a location with high demand, effectively marketing your services, and providing excellent customer service are all crucial factors<\/p>\n\n\n\n<p>We hope this article has resolved many of your doubts related to the power tools renting business. If you have any suggestions feel free to mention them in the comment box below. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Power tools are always in demand in any city or growing town. Most people do not want to purchase power tools because they only need them occasionally. Therefore, there is always a demand for power tools rental businesses. If you are looking to start a business with a small investment, you can consider starting a&hellip;&nbsp;<a href=\"https:\/\/smallbusinesshub.in\/power-tools-rental-business\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">A Guide to Starting a Power Tools Rental Business in India<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":29489,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"[\"title\",\"meta\",\"content\",\"tags\",\"post-navigation\",\"comments\"]","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_ti_tpc_template_sync":false,"_ti_tpc_template_id":"","footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/posts\/29477"}],"collection":[{"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/comments?post=29477"}],"version-history":[{"count":15,"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/posts\/29477\/revisions"}],"predecessor-version":[{"id":29495,"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/posts\/29477\/revisions\/29495"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/media\/29489"}],"wp:attachment":[{"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/media?parent=29477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/categories?post=29477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smallbusinesshub.in\/wp-json\/wp\/v2\/tags?post=29477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}