Advice on Starting a Furniture rental business

[Energise Accounting]

The only business i know that dose well out of this sort of business is the
exhibition industry.

 

[Scott DLE]

You would be aswel renting the items to companies or public for events etc. I have some tables and chairs I hire out. The only issue is they take up a lot of warehouse space and you don’t get much money on a hire. For instance a chair is about £2.50 per day. But there is lots of successful businesses who solely do furniture hire.

 

[Mitch3473]

That's a million miles away from what it sounds like the OP is in the market for - £500 sofas SETS rented for £25 per month. It's hard to imagine such quality pieces of furniture being worth anything after being rented out for a year. Probably do as well to burn it as to clean it for another customer.

I'm sure there are top end businesses which are interesting, with libraries of designer furniture, interior design services, etc, covering relocations. And then you have firms specialising in events. I know one firm I worked for used to pay eye-watering rentals for sofas at trade shows. I'd imagine they're all hurting a lot though in the current pandemic situation (hopefully getting better soon).

But down at the very low end, surely you're competing against the likes of Brighthouse and their bottom-feeding credit offerings? Who themselves are a great example of why that end of the market is crap, given they've gone to the wall...

I can't imagine a worse way to make money than dealing with the hassles at that end of the market, where I assume you'll mostly get folk renting who can't even pass the credit worthiness bar for small amounts of consumer finance. Then trying to collect after things go bad, damages monies, etc.

This is where the good old fashioned 50p meters come in. 2 hours on the couch for 50p, a boiled wash 2x50p, TV 50p for 5 hrs ( obviously), Takeaway for 2 on rented table 50p, 2 wingbacks at 50p/hr.

 

[Mark T Jones]

This is where the good old fashioned 50p meters come in. 2 hours on the couch for 50p, a boiled wash 2x50p, TV 50p for 5 hrs ( obviously), Takeaway for 2 on rented table 50p, 2 wingbacks at 50p/hr.

Meter is always on the telly, as that's the thing they won't go without

 

[jimbof]

This is where the good old fashioned 50p meters come in. 2 hours on the couch for 50p, a boiled wash 2x50p, TV 50p for 5 hrs ( obviously), Takeaway for 2 on rented table 50p, 2 wingbacks at 50p/hr.

I am envisaging some interesting contraptions required to enforce the availability of the sofa, involving spikes and hydraulics!