henu - having equipment near you
TRANSCRIPT
What is HENU?
Start up company with the objective tobecome the Airbnb of the equipment
rental industry
Online peer to peer marketplace that connects construction
equipment with renters
Currently in web development stage
EquipmentOwners
Usually have equipment sittingidle & costing money
Idle equipment = hard costs +opportunity costs
With HENU, equipment owners can easily:
Post any piece equipment for rental
Maximize benefits from machine ownership
Organize & keep track of equipment
Make money
Reduce hard & opportunity costs
EquipmentRenters
With HENU, equipment renters can easily:
Search, review, rent and ship equipment
Compare equipment prices & location
Save money through cheaper rent & shipping
See profile/picture & reviews of actual
machine for rent
Enjoy an all in one solution
Prefer to rent equipmentnear worksite
Traditional rentalcompanies are a hassle and
expensive
Renting from peers is easier andcheaper
Want to reduce project costs
Equipment Rental Market
34 Billion a year Industry(approx) Contractors own 3 times
more equipment thantraditional rental
companies
Made mostly throughtraditional rental
companies
3X
BusinessModel
Equipment Owners are able to post allequipment for free and set own prices
Only when equipment is rented out, HENUobtains 10% of the revenue generated.
Equipment Owners obtain 90% of valuecreated
Renters pay prices set by owners, no extrafees are charged to renters by HENU
Product
Search Review/Compare Rent Ship/Pick up
Launch
U.S. -> 10 States account for 57.6% of equiment rental transactions
Initial Operations will focus in Georgia and Florida,both among this top 10.
Future Growth
Expansion across the U.S. and Internationally
Expand target market to agriculture/farming equipment
Sell reviews and data on equipment to major brands
The Team
David Hercules James Merritt Andres Da SIlva
BS Civil Engineering
CA Tech University
MBA University of Miami
6 years experience with heavy
equipment
Independent contractor & business
owner since 2005
10 years experience with
restoration/construction equipment
BA Finance & Economics
University of Toronto
MBA University of Miami
5 years experience
Dealerships & Logistics