Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities

Here are Top 5 Small Business Ideas in Rental Services

One of the major factors that contribute in substantial growth spurt in rental service businesses is that owning a space is not an easy task in India. Read on...

By Features Writer
Here are Top 5 Small Business Ideas in Rental Services

The gradual growth of the rental market has brought various opportunities for rental service businesses in India. Availing services on rent is no longer merely based on affordability;it is also based on the diverse needs of customers today.

One of the major factors that contribute towards this substantial growth in rental service businesses is that owning a space is not an easy task in India. This is due to the inflation and other registry-related work, which are difficult to understand. This is the reason why people are largely shifting from the approach of owning properties and equipments to that of taking them on rent.

There are multiple services that can be availed on rent; be it transportation facilities, various equipments for office, furniture or room rental. Here are top 5 small business ideas in rental service business.

Car Rental

As rates for petrol and diesel are witnessing a striking growth, customers are turning towards affordable alternate of renting cars. Travelers contribute to a greater share of target customers for this business. Car rental companies provide them with greater opportunities to travel at an affordable rate; hence, more and more travelers are relying upon car rentals today for a safe, comfortableand affordable mode of travel, which is also personal.

Another factor that adds to the market growth is increased awareness about conservation of the environment; carpooling by rental cab services is much in vogue today.

Storage Rental

Storage rental is an industry generating annual revenue of nearly 32.7 billion USD at a rate of 3.5%. As this is a promising business model, an entrepreneur can easily venture into this business and gain profits. Providing customers with storage facilities for different purposes requires a small investment amount of around INR 50 lac, but gives a high ROI.

Room Rentals

A room rental service is most commonly heard business of all the rental services. Renting out an extra room in your apartment for short periods of time is lucrative in the sense that it could help in gaining extra income just by letting a person live in your house.

This business could be expanded by owning a building to rent out the rooms to individuals, families and corporates.Companies like Airbnb are encouraging people to rent out a spare room in their flat to earn an extra income. The ROI is high and best part s that this can be both, a core business as well as a part time one.

Construction Equipments’ Rental

Equipments that are required by various companies can be provided on rent to those in need. Providing machineries, equipments, tools of all kinds and other requirements are fulfilled by the equipment rental companies. The amount that can be invested varies with the services and equipments that are to be rented.

Home Décor or Home Staging Accessories’ Rental

As more and more people want their homes to look luxurious, they opt for home décor rental services. There are various home décor accessories such as luxurious chandeliers, lightings, and furniture among others that are rented out to customers. Various property owners and dealers go for home staging accessories as home-staged rooms with attractive furniture and accessories so that the houses sell faster.

 

Comment
image
image
image
image
Related opportunities
  • Beauty Salons
    About Us: Cut & style is one of the finest and..
    Locations looking for expansion New Delhi
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater DELHI New Delhi
  • Furniture/Home Decor & Furnishing
    About Us: NOTION is inviting franchisees to join hands and earn..
    Locations looking for expansion Uttar Pardesh
    Establishment year 2002
    Franchising Launch Date 2013
    Investment size
    Space required 300
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Noida Uttar Pardesh
  • Robotics & Technical Training
    IndiaFIRST® ROBOTICS - a name known for India’s First ever Modular robots..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2013
    Investment size Rs. 50 K - 2lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • Home Furnishings
    About: Ambreh is backed by Aalidhra Techtex Pvt. Ltd. that owns..
    Locations looking for expansion Delhi
    Establishment year 1989
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts