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<blockquote data-quote="Geoff Doane" data-source="post: 123763" data-attributes="member: 1155">Re: Price check in Aisle 55% sounds high to me too, unless you&#039;re in the AV rental business.&nbsp; Historically in my city, rental rates have been based closer to 1.5% of street value, and the local music store made that work for over 30 years.&nbsp; They have sold out to Long &amp; McQuade in the last few years, who actually have rental rates and selling prices published on their website, so it&#039;s easy to compare.&nbsp; For instance, a Yorkville U15P sells for about $1700, and the daily rental rate is $22, or about 1.3%.&nbsp; They do charge a premium on Saturday rentals (they&#039;re not open on Sundays, at least not in Halifax), but it&#039;s still only 1.7%.&nbsp; The other gotcha is that L&amp;M will not reserve items (maybe they will if the rental has been prepaid, but that&#039;s the policy).So dry rentals simply aren&#039;t a part of my business.&nbsp; There&#039;s no way I can, or want, to compete with rates like that.&nbsp; L&amp;M are set up to deal with the headaches of renting bits and pieces, and if someone calls me for a dry rental, that&#039;s where I send them.However, I can make money selling a system and the service that goes with it.&nbsp; The bar market has almost entirely dried up here, other than supplying monitors, mics, and a console that works to supplement an installed system, and I can do that fairly inexpensively if I don&#039;t have to rent a truck.&nbsp; For a full system with very basic lighting, I don&#039;t leave the warehouse for less than $400 + tax.&nbsp; Sometimes having somebody take the DIY route once makes them realize the value of having an experienced tech looking after all the details and doing the heavy lifting.GTD</blockquote>

[QUOTE="Geoff Doane, post: 123763, member: 1155"] Re: Price check in Aisle 5 5% sounds high to me too, unless you're in the AV rental business. Historically in my city, rental rates have been based closer to 1.5% of street value, and the local music store made that work for over 30 years. They have sold out to Long & McQuade in the last few years, who actually have rental rates and selling prices published on their website, so it's easy to compare. For instance, a Yorkville U15P sells for about $1700, and the daily rental rate is $22, or about 1.3%. They do charge a premium on Saturday rentals (they're not open on Sundays, at least not in Halifax), but it's still only 1.7%. The other gotcha is that L&M will not reserve items (maybe they will if the rental has been prepaid, but that's the policy). So dry rentals simply aren't a part of my business. There's no way I can, or want, to compete with rates like that. L&M are set up to deal with the headaches of renting bits and pieces, and if someone calls me for a dry rental, that's where I send them. However, I can make money selling a system and the service that goes with it. The bar market has almost entirely dried up here, other than supplying monitors, mics, and a console that works to supplement an installed system, and I can do that fairly inexpensively if I don't have to rent a truck. For a full system with very basic lighting, I don't leave the warehouse for less than $400 + tax. Sometimes having somebody take the DIY route once makes them realize the value of having an experienced tech looking after all the details and doing the heavy lifting. GTD [/QUOTE]

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