«Home

Rental Business - How Profitable?

I loved this business while i was back home, probably because i had an uncle in Abeokuta, Ogun State who was into it and made good money within about 10 months and i have always wanted to go into it as well until i left the country. Its been a while now but i till have it on mind and still wish to go into it  but because it has been a while i left and dont really know how it is now i just want to know if people who have an idea of this business thinks it is still profitable and if there are specific areas one can best do it. If this business is still what i thought i really would love to partner (can provide the capital) with anyone i can trust.

Guys do you think this business of rental is still profitable? I mean chairs, tables, tents etc.

Avatar
Newbie
60 answers

What is wrong with us in this country? 90% Nigerians have no integrity and we keep saying there are no jobs in this country. I discovered that, there are so many people that want to start business and looking for people who they can trust but it has been very difficu

lt to get. People lost their investment because some greedy being just want to make millions overnight, honestly, it is sad. I read people advising other not to do business with people just becos the probability of losing their fund is very high. You will have a business idea with d capital but to see someone to run d business for you is wahala. A friend of mine invested close to 2M of transportation business and lost his money due to bad drivers. The economy of this country can only move forward when all begins to have intergrity.

0
Avatar
Newbie

How much is the rent for chairs,tables and canopy.

0
Avatar
Newbie

This business is highly profitable but it is stressful

I've been a manager for this business for more than 3 years now but no longer into it because of study but I still have all the knowledge.

The owner of this business "DAMMY rentals" located in Sagamu of Ogun State is Mr. S.O Oyekan who happens to be my uncle.

Reach him on 08061528233 as he is a professor in this business as he will be so glad to put you through.

You can as well reach me on 08039614606 for me to put you through or you investand I manage it.

0
Avatar
Newbie

rentals is a very profitable business

0
Avatar
Newbie

I love to start business of van rental but i have no any idea is this business is profitable or not. Anyone here have any idea.

truck rental

0
Avatar
Newbie

Please can somebody give me a competitive pricing for the following items:

1. 20 dozens of armed plastic chairs

2 20 dozen of unarmed plastic chairs

3. 5 dozens of plastic tables (4 seater)

4. 10 fancy canopies size: (5 big, 3 medium, 2 small)

0
Avatar
Newbie

I like to know more about this business, friends

0
Avatar
Newbie

A child who has not visited another person's farm thinks his father's farm is the biggest.

0
Avatar
Newbie

then how much can we charge our customer per chairs and tables .

0
Avatar
Newbie

@question, The guy I spoke to yesterday said that the price varies from one area to the other. The price in Surulere is different from the price at Ebute Metta and Lagos Island. He claimed to be successfull with the business but had to stop because he can not cope with the business and his job at the bank. He promised to give me the best information about the business if we seal a deal.

0
Avatar
Newbie

Please what is the minimum to start this business

0
Avatar
Newbie

I've just spoken with a guy who wants to sell to me 25 dozens of used plastic chairs which is equivalent to 300 pieces of chairs, his price is N1,100.00 per chair, and 25 dozens will be equivalent to N330,000.00. I told the guy that his price per chair is close to the price of a new one, but he said there is room for negotiation. Can anyone please suggest to me how much a reasonable offer would be for this amount of used plastic chairs.

0
Avatar
Newbie

The business is so lucrative that those who are already in it in Nairaland refused to share their ideas with others. There are lot of them on this thread (Introduce your business)

0
Avatar
Newbie

can anyone give us a crash course on how to get started

0
Avatar
Newbie

Good Business Idea.

I can't wait to start this also.

Cheers

0
Avatar
Newbie

Kunle4d - I wrote you an E-mail 5 days ago and am still waiting for your response, Thanks

0
Avatar
Newbie

For those that are doing this business, how much is the daily rental rates for basic chairs, tables and canopy/

0
Avatar
Newbie

rental business is such a profitable business if u are in confusion i

think i can help you draw out a good business plan including monitoring

and other services u may be interested in and u will have good value for ur money

u can reach me on adekunle_folarin@yahoo.com for any enquiry

0
Avatar
Newbie

Don't you think getting yourself a van to convey your chairs and tables and the canopies would be cheaper and stressless than cars. For cars, you will need drivers and you should expect a possibility of higher maintenance cost than a van, depending on the numbers of cars you are willing to invest in the business and all this will add up to your expense.

0
Avatar
Newbie

Am really interested in this buz my only challenge is cars to convey my chairs and tables and the canopies, i already gathered money for the tables and chair

and i don't av mind for loan. is there any thing i can do abt this?

0
Avatar
Newbie

Hi everyone!

Does anyone have any idea of how much canopies and tents cost? Tradee, you say you contruct these, how much are they currently going for?

0
Avatar
Newbie

RENTAL AND SERVICES is very profitable because you made your money every day ,every week,every month.I as a person i do construct them and sell them to those who requested for it in bulk such as TENT,CANOPY ,CHAIRS AND TABLES.Fr more enquiries you can contact me on 08034129119 or mail me at sirkay.sirkay@yahoo.com

0
Avatar
Newbie

hi,in the house,am into this RENTAL AND SERVICES i.e We do construct them to meet international standard.We construct CANOPIES,TENT(which can occupy up to 1500 guest),CHAIRS AND TABLES.Its highly profitable if you are financially buoyant.For more enquiry you can contact me on 08034129119 or mail at sirkay.sirkay@yahoo.com

0
Avatar
Newbie

Hi,am into RENTAL AND SERVICES .i.e we construct it to your taste with different sizes and shapes.RENTALS is very very profitable because you make money every week,every day and every month.To be sincere with you all those rich-men also involve in this very business.For further in information you can call me on 08034129119 or mail me at sirkay.sirkay@yahoo.com.

0
Avatar
Newbie

This is lucrative no doubt,

however get a workable business plan for it.

0
Avatar
Newbie

i'm not too sure you understand this rental business thing, it's different from event planner similar though

you can be an event planner without these equipment and you can be in this business without

being an event planner

I'm sure the guy from south africa didnt bring in chairs, and tables from south africa

elaborate parties are still being organised on streets and community centres

remember everything calls for a celebration in nigeria-even if they have to borrow money!!

he probably is a partner now

0
Avatar
Newbie

@ Ndipe,

I dont necessarily think so tho. Beg to differ. Different strokes for different folks. If you have the necessary equipment thats up to snof. you can make it. Connection or not. All an event palnner will do is PLAN. Someone has to provide equipment to make it happen. Thats where you come in.

If you have tier 1 tents, generators, moving van etc. you will make it.

0
Avatar
Newbie

Though I have already made up my mind on investing in this business here in Abuja, but Ndipe your post is discouraging at best, thanks.

Please can somebody give me a competitive pricing for the following items:

1. 20 dozens of armed plastic chairs

2. 5 dozens of plastic tables (4 seater)

3. 10 fancy canopies size: (5 big, 3 medium, 2 small)

4. 1 Ice block making machine

0
Avatar
Newbie

I inquired from my friend who lives in Nigerian about the Rental business, and he told me that it is only profitable if one has the connection. I saw his point, because who among the masses, except for the famous and rich folks would organize an elaborate party that would require an event planner. Nduka Obaigbena, according to my friend who held a bash not too long ago hired event planner(s) from South Africa, so , anybody who has more information on the business should holla.

0
Avatar
Newbie

Rental biz is occassional and very profitable duing festivities. In Lagos for instance, it's every day biz.

0
Avatar
Newbie

Well d business is very profitable,my Daddy work as a director in the company, for good 15yrs,and the owner of the company mks alot of millions every year.infact if u want to know more and more about this business,u can call me, on 08036252816 i will introduce u to my dad to put u thru.Is a very good biz

0
Avatar
Newbie

misssexyu, promise72, & vyking,

You guys have been contributing excellent ideas to this topic. You see , nobody is an island. There are more to learn from each & everyone of you guys. It is only when there is conflicting ideas that progress emanate. For anybody who have been an onlooker, there is no more introduction that will be better than all your posts to venture into the Project under review. Everyone of you should & bury his or her hatchet and reconcile all the ideas you have contributed.

Personally as a novice in this area, l've learnt lessons.

More contribution - My own idea for someone who wants to go into Rental, it is advisable to start procuring those materials little by little as your pocket can accomodate. The journey of 1000km starts from one step.

Goodluck to all.

Emma

0
Avatar
Newbie

lol.

@ Original poster. You can also make yourself more appealing to your prospective customers by offering a one-stop service for all their party needs. You can affiliate yourself with a local dj, or suya seller and let your customers know that you can also provide these services instead of them running all over the place to find them. This way, you will become a convenient alternative to service providers who do not offer as many services as you do and hence even if you are new, customers will love you for going the extra mile for them.

Other services you could bring to the table could include (as vyking mentioned) mobile toilets, and floor lighting.

0
Avatar
Newbie

hey hey hey,its ok u guyz shld refer 2 d topic. ok?Rental Bussiness How Profitable?dont refer 2 mi again,dis is a forum where any1 can air his or her views nd also entitled 2 his or her own opinion so u can go ahead nd post nytin.am outta ere.

0
Avatar
Newbie

@ Vyking,

i dont think u need to explain anything else. her mind is too close minded.

0
Avatar
Newbie

can c u ar new 2 dis forum,u said d word is party needs right?i guess u will also need ny1 who is into it 2 ave stewards as wel 4 hiring since pots nd cutleries ar involved or probably sell food items cos dey ar also needed in d occassion or parties,blarber mouth dose things ar not related 2 it in any way,theirs is different too.

0
Avatar
Newbie

@vyking, mess! nd please air your scraggy views on this alone  never refer to me ok?i don't kno wht u guys think this rental bussiness is al bout?nd as 4 u saying my mum is doing it on a small scale,dnt ave much 2 say cos rental is neva a small scale bussiness,our vehicle alone is about 1.2million (and i believe any1 who wants 2 go in2 d bussiness for a start ll invest not less than 800 thousand at least).do u think raising capital 4 a bussiness is easy ?so i dnt kno d kinda small scale u ar talkin bout neway i dnt ave tym 2 go on a controversy wit u.

0
Avatar
Newbie

@miss sexyu, apparently u're someone who's very myopic or should i say, narrow-minded. Just becoz your mom is into rental business and she dint incorporate those things Promise72 mentioned does not mean they can't be included. your mum's doing it on small scale with a conventional idea that a larger percentage of those in the business embrace just because they can't be more creative or they are financially restrained. Dah! The word is "party-needs" or "rental business". There are no limitations as to what you can provide for a party, so the generators, waste-disposal bins, mobile toilets etc can come in too; especially for big ocassions. This is quite financially demanding though but for you to limit party rentals to just chairs and canopies is so myopic. Yes, someone can start with the chairs and canopies like everyone does but that is not the end of it. Does the words expansion, innovation, versatility mean anything to u?

Rental business is a very lucrative business without limitations. First though, one's mindset must be prepared as it is with any other business, then there must be a passion for it and lastly, the start-up capital must be on ground (this capital can then be further improved upon for expansion).

I'll be willing to assist the poster in preparing a kind of feasiblity report and making enquiries if interested. You can contact me on daprecocious@yahoo.com or gbobaniyishola@yahoo.com. Thanks

0
Avatar
Newbie

its a good one.

give it all you have and you will forever smile.

0
Avatar
Newbie

God!were did u crawl out from?its not in dere position(rentals) 2 provide generator,it is not combined in rental bussiness,dere ar people in charge of dat too.

0
Avatar
Newbie

@ misssexy,

obviously you lack total idea of rentl biz. Where will the power come rom wen nepa strike? or party is in a remote village no light?

if you say generator is not included. i agree

0
Avatar
Newbie

Water containers (popularly called drums), generator set and many other party stuffs are also included in rental businesses.As small as cutleries, plates, etc appear to be, people still rent it for their party needs

0
Avatar
Newbie

Event Managers in Abuja : http://www.abujagalleria.com/Events_Entertainment/Events_Wedding_Planners_Managers_Coordinators.html

0
Avatar
Newbie

@promise 72,hey rental bussiness has notin 2 do wit generators,ah!isn't wht we ar into?please stop blarbing abeg,aw does chairs,tables,canopies,cutleries etc relate to it?tk note d vehichle i mentioned  is for conveyance(as in 4 conveying d goods frm 1 place to the other)mayb is because u saw that, nd felt generator 'll also b included.

0
Avatar
Newbie

HI All,

Please can any one disclose goo/reliable event managers in abuja and their addresses.i need to make enquiries.

Thanks

0
Avatar
Newbie

If this business is still what i thought i really would love to partner (can provide the capital) with anyone i can trust.

I will advice that you should be careful of who you think you trust, even if you have a sincere mind towards whoever. When it comes to business of that nature, u may have to put an eye into it yourself most especially since it is of your own interest and pleasure.

So if u will not going to be around to oversee your business, dont even think about starting it so that you do not regret at the end. Just a simple advice, out of experience,

0
Avatar
Newbie
Your answer
Add image

By posting your answer, you agree to the privacy policy and terms of service.