Not tool rental, but a place do do wood working. It seems that to have
a very good shop, you need to spend between 5K and 10K on power tools,
plus the space.
I could see a good business model for someone to open up something like
this. Put a lot of good equipment in it and charge people by the hour
to use them. I realize there would be a lot of wear and tear on blades
etc, but it could be factored in. You would be responsible for your
own hand tools, or could rent a set for extra $$ as part of the
The business could even sell stock items such as decent lumber and
hardware. Of course, there would need to be adequate room for people
to store their project stuff (large lockers / storage closets?).
Yes, insurance would be pricy and you would have to worry about people
abusing the equipment, but employees that monitor the progress and
verify that proper safety wear is being worn as well as safety
practices are exercised can help reduce those costs. If a vocational
school can do it with teenagers, surely insurance for adults would be
The business could even get a price break from an exclusive vendor, say
Grizzly and be a showroom for their equipment. It probably wouldn't
make sense to get top of the line equipment since most of your target
audience would be beginners to intermediate. The experts would own
their own equipment and probably wouldn't do as much business with the
Plus, there would be opportunity to offer classes and the like.
Do these exist anywhere?