Caterpillar Rental Business

Hello Everyone,

I want to know if anyone in the house have ideas about current climate of starting a Caterpillar renting business in Nigeria. Renting of Grader, Excavator, payloader etc. How lucrative. Pitfalls? Current rental rates if known. any other useful info will be appreciated.

I am in talk with somebody who i know very well and will try to run the business jointly. However, i want to know what im doing before anything else. I am planning to focus mainly in Ibadan/ogun state area.

Thanks

This line of business is very, very, very lucrative. I am saying this because its something i have done before. You do not need to be well connected to make it, if you are, it helps. The reason why i said this is because a large percentage of roads in nigeria are maintained by communities and individuals. Most businesses have to provide infrastructures and this includes road maintainance. Even if you dont get public sector patronage you will get patronage from private sector. Do your homework and go for it, its one of the most viable ventures in nigeria.

Sorry, i do not know the current rates as i presently reside in the UK. All i can say is that i did the business before and hope to return to it soon. In addition to hiring out plants i had a company that repaired earth moving equipment for government ministries and private firms.
Let me give you a scenario, a government caterpillar had been parked for many years, you are invited to effect repairs and replace 'bad' parts. You quote N500,000 for repairs based on your assessment and the information given by the staff of government department.
One week later, you arrive to start work on the project, install a battery on the caterpillar and suprise, suprise the machine roars to life. I tell you the truth, you get this everytime on this job.

i dint know much about the Caterpillar rental business, but what i know is that rental of farm cultivating machines is going to be a big boom in Nigeria soon, this is because i see so many educated individuals going into farming and also  the upsurge in the prices of feeding in the country. i am thinking about getting in one or two plough tractors for rentals too, contact me if you are interested in it. i,ll be glad to discuss with you.