How to Start an Event and Party Rental Business - Making Dreams Come True

Safe, memorable, and fun. Those are the three goals of any great event. Whether it's a birthday party, a wedding, a graduation party, or a corporate retreat, organizers are always after those three qualities. And...

Safe, memorable, and fun. Those are the three goals of any great event. Whether it's a birthday party, a wedding, a graduation party, or a corporate retreat, organizers are always after those three qualities. And as an event and party rental professional, it will be your job to deliver all three.

Party tents are a stable investment in the party rental business Party tents are a stable investment in the party rental business

Starting an event and party rental business can be financially and emotionally rewarding. It's relatively simple to get started compared to most other small businesses. But that's not to say it's easy. Not everyone is cut out for this line of work. It requires commitment to exhausting physical labor, sizable investments or good credit to acquire the necessary equipment, and a willingness to make other people smile because joy is a key commodity in this industry.

But if you're still here, that means you're up for the challenge. The world of party rentals is exciting and can be highly rewarding, both financially and otherwise. In this series of guides brought to you by Tent and Table, we'll walk you through the process of starting your very own event and party rental business from scratch. And the best part? This full guide is free.

The Day to Day Work of a Rental Operator

We've already mentioned exhausting physical labor, but what does that really entail? Well, event and party rental professionals start early and finish late each day. Their daily tasks include inspecting equipment, loading and unloading the vehicles, setting up and tearing down the equipment, and ensuring everything is safe. It can be grueling work, but it's usually divided into morning and evening tasks, leaving you with time to manage your business and take care of other rental units.

Physical labor is a part of the job, but it can be mitigated with the right tools and help Physical labor is a part of the job, but it can be mitigated with the right tools and help

While physical labor can be mitigated with the right tools like carts, dollies, and hand trucks, you'll still need assistance. Enlist the help of a friend, family member, or consider hiring someone to share the workload. We'll dive deeper into this topic as the tutorial progresses.

Understanding the Costs

Owning an event and party rental business is more involved than it seems. Besides the equipment itself, you'll need storage space for all your inventory and a suitable vehicle for transportation. You may also require additional help for physical tasks. Dollies, hand trucks, tent stake drivers, and other support items are necessary for smooth operations. It's essential to plan and budget for these items as the startup costs can add up.

Tropical and rainbow bounce houses, inflatable slides, and bounce houses with slides are sound investments Tropical and rainbow bounce houses, inflatable slides, and bounce houses with slides are sound investments

Be Sure to Choose the Right Equipment

To attract a wide range of customers, it's important to select the right rental equipment. Gender-neutral bounce houses are a great starting point, appealing to both boys and girls. Rainbow and tropical-themed products are popular choices. Bounce house slide combos offer higher rental rates and are more in demand. For party tents, focus on popular sizes that are easier to work with, such as 20x20 frame tents or 10x10 pop-up tents. Initially, prioritize white tents, as they can be used for various types of events.

Investments with Incredible ROI

The investments may seem overwhelming, but this line of work can be highly profitable. Rental equipment pays for itself in 10 rentals or less, especially when priced accordingly. Financing your purchases becomes a feasible option, provided you establish and build business credit. This industry's profitability is evident from the experiences of rental professionals who have continued to book gigs even during socially distancing months in 2020.

Starting a Party Rental Business is Challenging, but Worth It

Now that you have a basic understanding of what it takes to run an event and party rental business, let's discuss how to actually start the business. This comprehensive five-part series will cover everything from writing a business plan to marketing your company locally and regionally. It will also touch on expansion, growing your staff and inventory, and more. If you have any questions or need assistance, please leave a comment below or visit us on Facebook. We hope you find this guide useful, and we're excited to hear your success stories!

Up Next: Part II - Officially Creating your Rental Business

Welcome to the World of Event and Party Rentals! (Part I) Creating Your Rental Business from Scratch (Part II) Marketing Essentials for Rental Professionals (Part III) Managing Your New Event and Party Rental Company (Part IV) Party Rental Business Growth and Expansion (Part V)

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