A full guide on how to start a party rental business
As the largest online marketplace for hourly venue rentals, Peerspace has fast become the internet’s number one resource for procuring event spaces. We have thousands of spaces in cities and towns across North America and beyond, with more spaces added daily. Peerspace is similar to Airbnb in terms of convenience but can be vastly different in terms of experience and cost. On the other side of the coin, many Peerspace hosts list their homes on the website and make money by allowing people to host parties there.
Luckily, you’ve come to Peerspace, the largest online marketplace for hourly venue rentals. We have thousands of stunning venues that you can book for meetings, social events, productions, photoshoots, and more in cities across the globe. Our straightforward platform makes it easy for you to find and book the perfect space for your needs. An essential part of running a rental business, especially if we’re talking about small companies just getting started in the party rental industry, is managing the inventory.
You make a deposit payment and accept the terms of our party rental contract.
Hosts of each Peerspace venue rent their spaces by the hour, with costs on every listing. And no surprises here, New York City has its fair share of stunning ballrooms! It has room for 70 guests across its 4,000 square feet of space and provides you with outdoor space, an incredible dance floor, table, chairs, and A/V equipment.
Is this Business Right For You?
In addition to forming personal relationships, create a professional website built with the most popular search terms in mind. Once you know what the big draws are in your area (e.g., sporting equipment, luxury toys, etc.), then you can feature those items prominently on your website to hook more people to your services. We have put together this simple guide to starting your party rental business.
It’s important to do your own research and create a detailed business plan to estimate your specific startup costs accurately. Of course, a simple internet search targeting “party rental equipment suppliers” or “wholesale party supplies” is a great way to start. Party rental businesses can embrace this trend by replacing plastic tablecloths with cloth ones, supplying energy-saving lights, and even using electric delivery vehicles to cut back on fuel use.
You’ll likely only need a team if you’re planning on being open 7 days a week in a big rental space. Generally, you can consider doing limited hours or appointment-only rentals to start, so you can save yourself the cost of employees salaries.
It’s great to learn that party tent rental companies will help set up for your event. My wife and I are wanting to throw a big birthday party for her mother and we were wondering how we were going to set up the party tent for the party. I’ll be sure to tell her that we should look for a party tent rental company in our area. Most party rental businesses are mobile-only operations, so developing a well-thought-out marketing plan is critical. And you yourself will probably go to a handful of weddings, corporate events, and birthday parties in the next few years. No matter what, knowing the types of venues out there and what you should rent is a game-changer.
You’ve also got to know whether you’re using round, rectangular, or square tables. Most people tend to use round tables as they provide consistent seating and are much more social choices. While we do our best to keep this information fully up-to-date, its very difficult to stay on top of the changes for every state.
It costs between $.75 and $1.50 per square foot to rent a party tent. For a 10×10 tent, you might pay as little as $150, but for a 5,000 to 10,000 square foot tent, you might pay as much as $2,500. On average, tent lighting costs about $1 per foot, and heaters can run anywhere from $100-$300 each. It’s essential to remember that marketing isn’t a one-size-fits-all process.
Read more about Chair Rentals Las Vegas here.