About Startup Costs
The startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.
Business At A Glance
Rowboat Rentals
Startup Costs: $2,000 - $10,000
About
Franchises Available? No
Online Operation? No
Row, row, row your biz gently down the cash flow stream.
Business Overview
Here is a great little business that can be started for peanuts and operated on weekends and holidays on a part-time basis. Secondhand good quality rowboats can be purchased for as little as $500 each, yet the same rowboats can be rented for as much as $10 per hour to fishermen and sightseers. With that kind of return on investment, it will not take long to get back your initial start-up costs and reap a healthy profit. Obviously the business has one main requirement in order to be operated: water. If the business is established within close proximity to a river or lake, the boats can be rented from a marina location, beach, or even right from a riverbank. A rowboat rental business also requires that you carry liability insurance and the boats are outfitted with safety equipment such as life vests, paddles, and a whistle.
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