Boat Rental business.
Business Overview
Renting small, motorized, runabout boats to fishermen can be a very lucrative rental business venture to establish in your area. Fishermen travel wide and far in search of the perfect fishing hole. The business can be water-based and operated from a marina or rented dock facility. Or, the business can be land-based and the boats can be rented with a trailer. To get started, design colorful brochures and distribute them to hotels, motels, and tourist attractions. The brochures should contain information about your boat rentals including rates and the size of boat and motor. The hotels and motels can act as booking agents for the business while providing a great service for their guests. Consider a rental revenue split of perhaps 20 percent for the booking agent and 80 percent for you. This should be more than an adequate financial incentive for any motel proprietor to happily get on board with the program.
start-up costs: Small, secondhand fishing boats with a motor and trailer are selling in the range of $2,500 to $5,000 each. An initial investment of $10,000 to $15,000 will be suitable to get this venture 'floating.' profit potential: Small fishing boats rent for about $100 per day and include all the safety equipment and gasoline for the day. Three rental boats working for you 100 days per year each can produce a gross business income of $30,000.
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