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Message
re: Louisiana based H&E expanding again; this time into Montana
Posted on 4/11/24 at 12:17 pm to frequent flyer
Posted on 4/11/24 at 12:17 pm to frequent flyer
Any of you baws in the equipment rental business?
I’m curious about the profit obtained on a rental during the machine’s life cycle. It has to be pretty healthy, there are at least 10 rental companies just in NELA.
I’m curious about the profit obtained on a rental during the machine’s life cycle. It has to be pretty healthy, there are at least 10 rental companies just in NELA.
2
Posted on 4/11/24 at 12:21 pm to bayouteche
quote:
Any of you baws in the equipment rental business?
I’m curious about the profit obtained on a rental during the machine’s life cycle. It has to be pretty healthy, there are at least 10 rental companies just in NELA.
In even moderately hot areas (a steady flow of new construction/expansion projects), equipment rental can be extremely lucrative. I imagine most of H&E's offices between Baton Rouge and Houston do particularly well.
Posted on 4/11/24 at 12:46 pm to bayouteche
quote:
I’m curious about the profit obtained on a rental during the machine’s life cycle. It has to be pretty healthy
Well when your company forgets it has equipment on rent for 6-8 months at a time it can become pretty lucrative.
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