dubdwn
New Puppy Dawg
Posts: 2
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Post by dubdwn on May 11, 2008 13:17:10 GMT -5
Hey dawgs, new to site and scooting. I'm interested in starting a small scooter rental business (4 to 5 scooters) i live in a small tourist town in northern Minnesota. Was wondering if anyone had any advice on what type and brand scooters to rent. I'm not looking to make a fortune and i don't have a fortune now either so i'm looking for affordable and reliable (aren't we all) anyway any advice or direction would be greatly appreciated. Thanks
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dubdwn
New Puppy Dawg
Posts: 2
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Post by dubdwn on May 11, 2008 13:23:10 GMT -5
PS. I've been thinking about the SunL SC 150 T-21 SC-18 from ATVDiscounter is this a terrible idea?
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Post by griff10 on May 12, 2008 0:34:35 GMT -5
Well first I'd talk to an attorney and see if there is any chance in your state of doing this with limited liability and with you insurance man to see if there is a way to actually get insurance for a venture like this. I'd do this well before I even looked at any machines.
Bill H.
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Post by hillbilly on May 12, 2008 2:19:34 GMT -5
Well first I'd talk to an attorney and see if there is any chance in your state of doing this with limited liability and with you insurance man to see if there is a way to actually get insurance for a venture like this. I'd do this well before I even looked at any machines. Bill H. Amen. Personally that sounds like an absolutely terrifying way to make a living. I worked at a marina one summer as a teenager. Watching people in rental boats can be a real show. Somebody would seem normal, well dressed, rent a houseboat for big bucks and quietly go through orientation. Next thing you know he's up on the flybridge with both throttles wide open heading out from the gas dock through the no wake zone with other boats having to scatter. Ski-boat rental was an absolute zoo. Those same people on two motorized wheels in traffic? Nothing but carnage. At least they would have to have a mc endorsement but that doesn't mean they actually have a clue what they're doing out on the road. They are unlikely to know the area since they are renting and would also be adapting to a strange machine at the same time. Sorry to be so negative but you should think it over carefully and then if you do it you should charge a lot so it will be worth it for you. As far as the scooters go that will depend on how you plan to handle the maintenance and repairs on them. Is it something that you will be able to do yourself?
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Post by Aaron on May 12, 2008 14:51:02 GMT -5
Also make sure you can even get rental insurance for your state. Here in Maine it's doable and a few have. In New York State absolutely no 2-wheel rental insurance available. As to brands If you buy 5 machines you should be able to get a severe discount. As such you may be able to sell them every fall for nearly what you paid. That way you can upgrade every year and have fresh scoots. I'd look at 50 cc scoots as that's most common around here. It is possible to rent to those who do not have a MC endorsement but I would not recommend it. You may have too to make this work though. You also need a lawyer right from the get go. He or she should draw up a substantial disclaimer for your clients to read and sign. Also the full value of the scooter should be charged to a credit card before rental and can be cancelled upon safe return of the unit. If you are confident in your abilities to fix machines get a hold of a reputable online seller or go directly to the distributor and get a deal on some good QJ or Znen built 50's. If you don't want to wrench consider some Kymco's or Yamaha Vino 50's or Honda Metropolitans or similar. Just some ideas at random for you to ponder. And make sure you run this as an S Corp if you have any personal assets that could be seized in the event of the worst. That way your personal assets would be exempt.
Aaron
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Post by griff10 on May 13, 2008 0:50:10 GMT -5
>>And make sure you run this as an S Corp if you have any personal assets that could be seized in the event of the worst. That way your personal assets would be exempt.<<
Well not really, a Subchapter S corporation may help a little in protecting your personal assets but you better have it and your personal finances completely separate and even then it's extremely limited in protection for a small business.
Bill H.
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