Friday, January 2, 2009

Scooter Rental Business

Projected Profit: $900 per scooter

This is an idea for the beginning entrepreneur.

Scooters are a fun way to strike up conversation on a blind date, or if a group of people just want to go have a blast around town. If the scooter is 49cc or under, the driver will not need a motorcycle endorsement (but they will need a driver's license). 

Since scooters are dirt cheap, by renting them out you will pay back your investment and then some within weeks. So it doesn't cost too much, start with only 2 scooters. Rent them out at an hourly rate of $10 an hour, with a minimum of 5 hours per scooter. If the customer would like to take it for 24 hours and return it the next morning, they can pay an additional $10  ($60 in total.) 

If you want, you can offer the driver insurance for an additional rate ($10-$20). For instance, if you had 2 scooters rented out 15 days of the month with the $60 charge, that would bring in $1,800 a month for 2 scooters.

If your business becomes more successful, you can rent out protection gear such as helmets, googles, gloves, jackets, pads, etc. 

For advertisements, put stickers on the scooters. If there is a local university, go the the news board and advertise. You will find that most of your customers will be of college age.

Check into local insurance quotes.

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