Successful restoration companies typically make sizeable profits on owned equipment because they understand exactly what equipment to buy and what equipment to rent. Companies newer to the business who adopt these strategies can significantly increase revenue while reducing capital expenditures.
Even if you have the buy versus rent equation down pat, you may be missing out on other opportunities to protect your business and enrich the bottom line, such as pre-renting critical equipment before major weather events and working with a reliable one-stop equipment vendor to ensure the continuity of your operations when disasters strike.