What are your thoughts on adding a U-Haul Suppliers are to an existing retail location? A representative informed me of the program yesterday. Sounds like I park a few trucks/trailers on my lot and handle the paperwork; reservations are made online, and we receive an 18% profit. There are no up-front expenditures or fleet upkeep. The current store owner is retiring, thus UHaul is looking for someone new. I am curious if anyone has tried this and what the drawbacks are.
Adding a U-Haul supplier means partnering with companies that provide the products or services U-Haul needs, like moving trucks, storage units, or packing supplies. These suppliers help U-Haul maintain its inventory and service quality, ensuring that customers have access to reliable equipment and moving essentials.
I once considered adding a U-Haul service to my retail business and found it to be an interesting opportunity. The low upfront costs and the fact that U-Haul handles most of the logistics, including reservations and fleet maintenance, were attractive. You mainly handle the paperwork and benefit from an 18% profit margin. However, the main drawbacks I noted were the potential for inconsistent income, as it’s dependent on customer demand and how well you manage the service. Additionally, there might be some administrative work and customer service responsibilities that could impact your time. Overall, it’s a relatively low-risk venture but requires careful consideration of how it fits with your existing business operations and customer base.