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Leasing Broker

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.

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Business At A Glance

Leasing Broker

Startup Costs: $2,000 - $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.

About

Franchises Available? Yes
Online Operation? Yes

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Have a way with connections? Consider being a leasing broker.

Business Overview

Working as an independent or franchised leasing broker, you can help business owners lease the equipment they need to start, operate, and expand their businesses, including everything from computers to machinery to heavy equipment to specialized tools and lots more. The duty of a leasing broker is to bring together three parties'business owners and managers wanting to lease equipment for their businesses, equipment manufacturers and retailers wanting to sell equipment, and lending companies willing to purchase the equipment and lease it back to the business owner. Broker fees are generally paid by the lender or by the equipment manufacturer or retailer. Consequently, finding business owners to work with should not prove difficult because they have nothing to lose'if you cannot arrange suitable financing, they don't pay for the service. You can work from home and visit clients at their location, or rent suitable office space. You will need to establish working relationships with a number of lenders, and perhaps you will want to specialize in one particular type of equipment such as tools, computers, or vehicles so you can become known as an expert in that area. Once established, this is the type of business that thrives on repeat business and referrals.

The Market

Small business owners who need to add equipment, like computers and peripherals and even cars, to their business, but may not have the resources to purchase them out-right.