Is renting out a crane a Great Business?

[Hate2Wait]

I have a colleague whose brother-in-law owns 3 cranes and they make big money because we all know how popular cranes are for different work and they get work daily and have hired 3-4 people so they make good profits every month.

 

[Magnus2022]

A crane is a multi-purpose machine and can be money spinning if you have steady jobs. A crane is not cheap. It can cost thousands of dollars. Moreover, it is not easy to maintain and manage. Therefore, it is a business for the wealthy and rich. Before starting the business, you must have some capital to set aside for unforeseen expenses.

 

[Hate2Wait]

Yes its requires big capital but if you can afford to buy and start the business of giving it on rent, you will have a lot fo work

 

[flower]

If you own a crane it is indeed a nice business that could give you a huge amount of money if you know how to manage it properly.

 

[Niyi Briggs]

If you own a crane, any road construction or major house construction, just know that you would be making your money. It is a good business. But buying a crane ain't beans.

 

[hastral45]

Crane business is lucrative and cost intensive business. It involves lots of money for set up. It is profitable if it is established in highbrow cities.

 

[Shavkat]

It would be more profitable if they are the only ones who provide this service and be rented by other people in that place. I am sure they are planning to expand in nearby places.

 

[eldavis]

Owning a crane is a good business, most of these people who usually use crane for one work or the other usually hire it and they cost a lot. If you have the money to buy it, you would definitely make good profits from it.

 

[Bisolami]

Owning a crane is a good business, most of these people who usually use crane for one work or the other usually hire it and they cost a lot. If you have the money to buy it, you would definitely make good profits from it.

It is very expensive to buy and that is why some people rent it so it will be an advantage to the person who is renting it out

 

[Niyi Briggs]

A crane is a high end engineering device that is used in road construction. Renting it out could be pretty lucrative.

 

[Reedex]

It is very correct that renting out the crane would be a very wonderful business.

 

[cherry123]

I know this can be money spinning if you have steady jobs. Though you need to have the skills to operate it or have people rent it from you daily.

 

[Heatman]

I have a colleague whose brother-in-law owns 3 cranes and they make big money because we all know how popular cranes are for different work and they get work daily and have hired 3-4 people so they make good profits every month.

If you do really have a means of getting that kind of equipment and put it out for hire, I believe that it is something that will be able to fetch you a lot of money especially if there are a lot of construction companies around to hire from you.

 

[SHAHID987]

Renting out a crane is obviously a good business but it is not possible for normal common individual, rich People can do this as they can purchase and give the crane for rent this would be a sort of lucrative business.

 

[Hate2Wait]

If you do really have a means of getting that kind of equipment and put it out for hire, I believe that it is something that will be able to fetch you a lot of money especially if there are a lot of construction companies around to hire from you.

I have heard from one of my colleagues whose brother in law owns 1-2 cranes and they are earning money by renting these at per hour basis

 

[Fidelia]

The business takes much money to start and also makes big money. Such a business can give you income that could make you rich easily.

 

[IB D]

Renting out those big machines are very big businesses. They are not common, and that is why it can never be saturated.