Your friend should be doing a good market study before he jumps in!
In Canada, we’re at the end of a substantial federal/provincial subsidy program. Programs like this although beneficial to all those that participate (both vendors and homeowners), the grants breed an artificial demand…the market will go fairly flat for a while until another grant program happens …or the price of oil goes through the roof.
If he’s got funds and can hold on until the market improves, there may be an opportunity to buy equipment at great prices. Be wery, wery careful!
An insulation company here that began after the audit/grant program was underway and grew quickly to 3-4 trucks became insolvent in January!!!