4 Answers

Unless you can find a proper location for your proposed enterprise, the basis for putting up this jet ski rental service business is moot. Sure, you can put up a jet ski rental business anywhere, but would you have patrons coming out of the woodwork for you? Not likely.

The key to finding a great location for ski business is finding a place where water sports are in demand. Not all open bodies of water are jet ski locales; there are protected waterways or shallow waters with a network of corals or marine life habitats that are not only dangerous to run the jet boats in, but also against federal and environmental laws. It might be wise to check your local geography first, and update yourself with local, regional and environmental laws before plunging headfirst into jet ski rental services. If your chosen “spot” has its share of water sports machinery for rent, it is still advisable to check laws and regulations. You wouldn't want to have the rug pulled from under you just because you neglected to research your “spot” first. After all, setting up a jet ski rental business is rather pricey.

And that leads us to the reason why a start up jet ski rental business is indeed expensive. Start up kit for jet skis are expensive on its own, and so in repair, maintenance and its fuel. In order to have a respectable income, you need to have at least a couple of these Yamaha jets working simultaneously. It is also advisable to get brand new jet skis, because second hand (or even third hand used jets) machines may save you a couple of hundred dollars on the initial sale, but will drain your accounts from jet ski maintenance and tune-ups. Brand new jet skis range from about $2,500 to $10,000, depending on the make and model of the machine and local jet ski dealers. Plus, jet engines need regular tune-ups as well. If you think the expenses end there, you may want to consider getting insurance for both your jet ski machines and your customers. Think of it as a car rental sort of transaction, only that your jet ski boats run in water, and if accidents do happen, its very likely that you will need the services of a specialized towing company (if you are lucky.)

Having enough knowledge to run a jet ski rental business venture is imperative. You need to know just what your potential market is, how powerful the jet engines you can buy, whether you can market your jet ski rental business only to the experienced, what to do during emergencies, etc. Before that, you must also check on the environmental factors around you like: when is it safe to rent out the jet ski 800 or 550, and when is it advisable to tell the potential customers off? You also need to set the demarcation line in the waters, and advised your future patrons as to where they can safely go, and where it should be out of bounds.

http://www.startupbizhub.com/jet-ski-rental-business.htm

In the right location, you could clean house!  Several years ago, I was at a lake resort where jet ski could be rented.  What fun they were!

Think about the initial outlay of cash for the skis, plus the insurance, maintenance, and fuel resource required.  Think of the jet ski season (the longer the better, of course) and the clientele that frequent the site where you want to establish your business.  You want to get single rider skis as well as dual rider skis.  Don't forget life jackets for everybody.  Where will you set up shop and what about rent, utilities, security, etc. 

Once you've figured out what your start up costs are, you can make some projections about income based on your research...first of all, is there a real need for a jet ski rental business.  

My sister spent a fortune on a Halloween attraction.  It was one of the top ten in the nation, but there just wasn't enough patronage to make it successful.  Make sure you have a serious, steady customer base. 

Most boat/ski rental businesses are a good investment.You will find that around 50% of their trade is cash. Have an accountant check the books thoroughly.Stake the place out on weekends & weekdays to see who/what comes & goes.

Better in some areas than others, not in the desert, but could be good along a large tourist populated lake.  What are the liability demands?  Seems like it could be risky for that?  Anything regarding the water is more risky.  Good luck and maybe you should talk to someone who now is in that business?