Nation-wide Tool & Equipment Rental Centers Franchise
Nation-wide Tool & Equipment Rental Centers Franchise helps people set up tool and equipment rental businesses for the DIY and home renovation markets.
$65,000
$0
-
1976
Alpharetta,GA
-
About Nation-wide Tool & Equipment Rental Centers
Nation-wide Tool & Equipment Rental Centers points out on its website that it is not a franchise business. However, it can be attractive to potential franchisees because many processes are similar to what business owners go through when setting up a franchise. To start with, Nation-wide recommends that prospective owners have a minimum of $65,000 to $80,000 cash to invest in their own business.
What Nation-wide does is help others set up their own tool and equipment rental business. It identifies a need: Customers who rent tools and equipment for DIY and home improvement projects. After all, renting is usually more cost-effective than buying tools and equipment outright for a one-time project.
Franchise Fees
$0
-
-
Why Choose Nation-wide Tool & Equipment Rental Centers?
Nation-wide offers several advantages that aren’t always available with franchises. For example, your new business would get exclusive protected territory for 3 to 10 miles, and Nation-wide does a free on-site market analysis to test the feasibility of an equipment rental center there. It also helps you get the right insurance coverage and to set competitive rental rates for the tools and equipment you rent out.
There’s also a business preparation package with business cards, flyers, advertising, signs and more. You also get an operations manual that helps with customer service, inventory management and record-keeping. To help obtain SBA or bank funding, Nation-wide will also do your business plan. It does not ask for any of your ongoing revenue or charge licensing fees like a franchise might.
Starting Costs & Investment Requirements
$135,000 - $225,000
$50,000
$65,000
Training & Support
Nation-wide Tool & Equipment Rental Centers offers a one-week training program and ongoing support to its franchisees.
History
Nation-wide touts itself as a family-owned business that has been in operation since 1976. It has made a name for itself by helping people open their own businesses that are recession-proof and fast-growing. The turnkey package it offers includes a buy-back agreement, proven rental equipment and a protected area. For example, if any equipment you purchase is not rented within a year, you can sell it back to the company.
Ideal Candidate
Potential business owners of Nation-wide doesn't need any specific experience. As long as candidates do their due diligence and understand the Nation-wide business, so they feel comfortable with it, they may be able to benefit from the training program and ongoing support. Nation-wide will approach banks for you and develop your business plan, which can be very helpful when transitioning to ownership of a new business or for the first time.
Another component of being an ideal candidate is the desire for diversification. For example, there are complementary opportunities such as small engine repair, truck and trailer rental, and landscaping. If you already own one or several of these types of businesses, then partnering with Nation-wide could be a good way to bring in more revenue. The same idea applies if you’re just getting started but would later like to branch out your services beyond tool and equipment rental.
Related Franchises
Franchises up to $250,000
This web page is not endorsed by or affiliated with any franchisor. Product and company names are trademarks of their owners and are used for referential purposes only.