Home-Based tool hire with delivery

Homeowners doing renovations, small builders and handy tradies who need a tool for a job or two without buying it.

Daily, weekend and weekly hire rates per tool, plus delivery fees and refundable bonds. Each tool earns back its cost over repeated hires.

• Basic tool knowledge and maintenance
• Organised booking and record keeping
• Friendly customer service
• Safe lifting and loading

• Public liability and equipment insurance that actually covers hired-out tools, check the policy wording
• Council approval for storing stock and running a business from home, check your local council
• Injury and damage risks: provide safety instructions and check tools after every hire
• Theft and unreturned tools, use ID checks, bonds and a signed hire agreement
• Electrical testing and tagging requirements for power tools, check your state's rules

Estimates typically put startup costs at around $4,000 to $15,000, depending on how many tools you buy, their quality and any vehicle or storage needs. Starting with popular items like pressure washers can keep the initial outlay manageable.

Monthly revenue is typically estimated at around $800 to $4,000, depending on the size of your fleet, your pricing and how often tools are booked out. Tools need checking after every hire, which adds to your time.

Check council approval for storing stock and running a business from home, and that your public liability and equipment insurance covers hired-out tools. Also check your state's electrical testing and tagging requirements, and use ID checks, bonds and a signed hire agreement to limit theft and damage.