The car rental business is booming. Regardless of whether on vacation or on business trips – modern people do not want to do without their mobile pedestal anywhere and are always mobile. Anyone who wants to open a car rental company has a good chance of success and well-off customers. It is crucial, however, that you do not jump into your business head over heels, but plan well in advance.
Without capital, the dream of renting a car quickly bursts
If you want to rent cars to other people, you need one thing first – cars of course. It should be clear that the number of vehicles offered should be as large as possible so that as many customers as possible can be served. A certain selection – from the compact three-door to the minibus – ensures that your car rental appeals to many people and generates good sales.
Note: Be sure to think in advance about which target group you want to address with your car rental. Based on this, you can then decide in the next step which vehicles you should offer.
Many cars = many customers
In itself, this calculation is very simple – wouldn’t it be a crucial problem. To offer the largest possible vehicle fleet, you need a lot of start-up capital. Opening a car rental is not possible without financial means. Even if you only offer used or annual cars from the start, several hundred thousand euros are usually necessary to get the business rolling.
At this point, it should quickly become clear that you definitely need a loan or a generous investor to open a car rental company. Few founders have so much money on the high edge that they can buy several cars without any problems.
Food + Cars = Good Business
Thinking of other ways to start a business along the lines of cars? Though not a car, however, in the same category as vehicles, the food truck business is another lucrative business to start. And you can start with smaller start-up capital. A good example of a successful catering service (that makes use of food trucks) is those catering companies Brisbane. The combination of food and vehicles is a good business that can flourish for many years.