These are supplies that occasional party hosts couldn’t justify buying themselves, like tents, bounce houses, inflatable slides, chairs, tables, lighting, decorations, linens, and more. These businesses often have a comprehensive inventory of items for a host to choose from, allowing a customer to do nearly all of their supply shopping from one business. It is a well-known fact that these parties are as old as the existence of man and will always occur when there is need for celebrations. The party rental businesses thus provides the necessary equipment for a party such as chairs, tables, tents, cooking equipment and the likes will be required for the success of the event. There are successful party rental businesses out there already, so we know for a fact that there’s a way to make this type of business work. The actual amount you can make will be determined by the type of rentals you provide. You can aim to run a full-service rental party company, or focus on party supply rentals for a small niche of event categories.

Depending on which legal entity you choose, you may have some options about how you are taxed. Otherwise, it’s essential to register your details because running a business in some states means you’ll need to pay sales tax. This profile has not been claimed by the business owner or representative. Then check out this River North European-style cafe in Chicago, IL. It boasts a charming black-and-white checkerboard floor, sumptuous red curtains, a sound system, and full food and beverage catering.

Ask about any duration packages or specials that could save you money, especially if traveling a long distance. How well you run your business day-to-day will determine how sustainable it will be. Excellent organization is critical for any business, but that’s particularly true in the party rental business. You’ll need an effective platform for managing inventory and reservations if you expect to make it.

Dream & Party

That’s a lot more opportunities to make money while helping others secure a neat, private space. Prices vary depending mainly on the theme you choose from our current options. All our premium themed settings include a considerable number of props, string lights, throw pillows and decoration, which is reflected in the price. We also offer classic setups with fewer or no props, and simpler decor but still dreamy and beautiful, keeping our high-end look. Both the Miami private dinner space and the Houston exclusive wine cellar cost about the same, providing a beautiful setting and thoughtful services for $99 and $110, respectively. Peerspace is the easiest way to book locations for private parties.

Why rent a venue for a party?

Whatever methods you go with, it’s important to analyze your marketing data so you can track which marketing efforts are giving you a good ROI and which ones are draining your resources. The ones that don’t give a good return can be scraped and that money can be put towards marketing efforts that work. Several recent surveys show that over 45% of small businesses still don’t have an online presence, and of the ones that do, only 6% bother giving a mobile experience to their customers. This is hard to believe seeing how the majority of consumers now do some form of search on the Internet prior to making a purchase. It’s cheap to set up, easy to maintain, and yet half of small businesses refuse to hop on board. Your website is a form of exposure that can bring in a lot of business.

And if decorating isn’t your thing, many rooms on Peerspace come with an ambiance all their own. Your booking should be “closed-invite” and you should personally know everyone in the group (as opposed to “open-invite parties”, where your friends can invite their own friends). Every guest should be accounted for when you make your booking/reservation. This means a person should not enter the property if they are not already a registered guest and plan to spend the night. To learn exactly how to add guests to your Airbnb booking, click here.

Wedding Party Rentals

Read more about Wedding Rentals Las Vegas here.

They plan an all-night bar crawl hitting up hotspots in Los Angeles over 6 full hours. She decides to go with a 16-passenger party bus at a rate of $200 per hour. One of the greatest resources an entrepreneur can have is quality mentorship. As you start planning your business, connect with a free business resource near you to get the help you need. While creating a website is an essential step, some may fear that it’s out of their reach because they don’t have any website-building experience. While this may have been a reasonable fear back in 2015, web technology has seen huge advancements in the past few years that makes the lives of small business owners much simpler.