From humble beginnings… In 1994 Coastal Hire (or Coastal Tool Hire as it was known back then) opened its doors with just five stores and offered a unique concept to the Tool Hire market. The main focus of the brand was to provide hire alternatives on all types of power tools; construction equipment and garden and home tools that appealed to the DIY enthusiast. The concept proved to be an immediate success and a demand for greater expansion was the start of Coastal Hires success story. Coastal Hire has now become the name of choice for large construction companies contractors, bakkie builders, electricians, plumbers, tiling specialists and DIY enthusiasts.
Coastal Hire is the leading small equipment hire franchise in SA with over 90 stores trading nationwide and in 8 countries across Southern Africa. Excellent opportunities exist for suitable applicants. We seek hard working hands-on individuals with an ability to get on well with people.
The successful applicant should have sound business acumen and preferably have knowledge of the construction industry. He will require at least 50 percent of the purchase price available in unencumbered cash. An appetite for success and excellent people skills is a must and willingness to run this business hands-on will ensure the best outcome.
Coastal Hire has a fully developed training schedule which partners with major industry names to ensure that our franchisees and their staff are fully trained and constantly kept up-to-date with industry trends and expertise.
Break Down Summary: Equipment R800000; Franchise Fee R100000; Shop-Fitting R110000; Stationery R5000; General R230000; Uniforms R5000; Vehicles R250000; Additional Equipment R500000; Total R2000000; Working Capital R250000; Total Investment R2250000; Financed Portion 60% R1462500; Owner Contribution 40% R787500.