The screws and bolts for your tool rental business

You need a website and online booking software to start getting online reservations for tools and construction equipment. With Rentle, your equipment rental business gets a ready-made e-commerce website with a built-in online booking system.

First, add the products and services you want to rent and sell to Rentle and determine the quantities in Rentle's inventory management system. That way, your availabilities are always up to date, and you don't get overbooked. Next, set up your payment options so your customers can book and pay their rentals in advance.

Once everything is set up, you can embed Rentle to your existing website or use Rentle as a standalone website.

Generally, tool and equipment rentals can be very profitable and enjoy high profit margins. Still, just like with any company, profitability comes down to your business's income and expenditure structure.

Rental companies serving professional contractors typically have longer contracts, and single orders are bigger. The downside is that the market is more challenging to enter because the equipment is more expensive, and the competition is fiercer. Companies focusing more on private individuals can get started easier because the tools are cheaper to buy. However, DIY projects tend to be concentrated in the summer months, making the business somewhat more seasonal.

To better understand your financial estimates, we recommend looking at our guide to financial planning and budgeting →