When most people set out to search “party equipment rental service near me,” they’ll be trying to find wedding rentals. People love weddings, and most couples are willing to spend a bit extra to make it that much more special. Party equipment rentals have a variety of potential target markets and can grow to almost any scale. The only way to find a real answer for rental business profitability is to take a closer look at individual niches. Party rental businesses are one of the best potential business ideas for anyone looking to get started with minimal capital investment.
Either way, if you have found it difficult to find equipment suppliers to match your needs, you might be on the verge of something. There are likely more people who have struggled with the same issues. Many venues include chair and table rentals or they can be added for a fee. Want a jaw-dropping setting with a view that your apartment doesn’t have? In addition, you’ve got event planners and companies looking for venues for their holiday parties or other large celebrations. Hosting a party outside of the office helps make the occasion an exciting event that leaves room for the imagination. Renting a venue for a party also means you can get help from the venue host regarding logistics and amenities.
You’ll have to consider both your own needs as a business and the market rates for comparable rentals. Whether you can go after the higher-end market depends on the level of inventory that you carry. You can only rent bounce houses to one customer at a time, so expanding your inventory is the quickest way to expand a great side hustle into a full-time business. The average wedding has about $1,000 in equipment rental costs, so your profitability depends on how many weddings you can successfully book. Consider that this figure is the average, and higher-end wedding rentals can involve significantly higher spending. Party rental businesses can consider branching out into everything that an outdoor event may need.
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For outdoor picnic setups, the sprinkler system must be turned off the day before of the event in order to avoid a wet lawn. The space designated for the setup needs to be free of furniture and clean at the time when we arrive. We will not be responsible for moving furniture, trampolines or clearing out the area.
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The target market for a party rental business will depend on the business’s area of specialty if there is one. Businesses may specialize in wedding, birthday party, or corporate event rentals, and each will have a different target market. Some businesses take a more general approach or choose to offer products for each specialty area to appeal to a wider potential market.
This chic space is 1,100 square feet and is set in Riquet Stalingrad. It’s party-perfect since it provides food and cocktail service, a spacious outdoor terrace, and customizable features to have the space suit your needs. This nearly 800-square-foot loft boasts an open floor plan and space for about 20 guests.
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