An innovative solution to a frustratingly common problem!
Have you ever been in this situation?
In 2016, Sparetoolz founder Zlatko was working on a home improvement project with his Dad. They were trying to install natural stone onto a fireplace, but learned that they needed a wet-saw. Nothing else could cut stone that thick. Like any good Millennial, Z jumped online to search for a solution.
Dumbfounded, he discovered that there was no app to share tools. Instead, he found that renting one from a big box home improvement store would cost $150/day. He estimated they'd need it for just over 3 days, maybe 4. (You never know how things are going to go on a project, right?)
| BIG BOX RENTAL FEE | RENTAL PERIOD | TOTAL |
| $150/day | 3.5 days | $525 |
The price for a brand new one? $450.
Uhhh...what?
Z and his Dad did the logical thing and bought it. (Is this sounding familiar to you?)
Except when the project was over, he found himself stuck with a large, bulky tool that he probably wouldn’t use again. Now what?
Zlatko encountered this problem over and over as he and his Dad embarked on a series of home improvement projects. Each time, he knew there HAD to be a solution.
Enter Sparetoolz.
Sparetoolz is a new app based on the peer-to-peer sharing economy. It’s a safe, secure platform that connects tools owners (who have tools) with tools renters (who need them).
TOOL OWNERS can have an instant side hustle with virtually no overhead, making money from tools they already own that are probably just sitting around in the garage doing nothing.
TOOL RENTERS can save money by renting at reasonable rates instead of buying, avoid the clutter and hassle of storing a bunch of infrequently used tools, and support their communities by keeping their money local.
It’s also a more eco-friendly solution. According to the EPA, nearly 30% of landfill waste is made up of plastic and metal. Renting tools instead of buying them (and discarding them down the road) avoids adding even more to the pile.
Sparetoolz has set out to make tools more convenient, accessible, and affordable for renters--while helping owners make some extra dough with virtually no work.
How’s that for a fix?
