If you want to embark on a rewarding venture that does not require rentingg hefty investment but has the potential to generate significant profit while you’re only working part-time, then consider starting a fenting rental business. Within the Party Supply Rental industry, it’s the Inflatables industry that’s really driving this growth, with industry experts expecting strong double-digit growth to continue over a year time horizon. As the demand for Inflatables continues to skyrocket, entrepreneurs will be strongly positioned to capitalize on this growth for years to come. Starting your own business can be overwhelming if you lack the tools and support. However, having an experienced partner to get your business going will set you up for success. Magic Jump is here to be your business partner. We can provide you with the highest quality inflatables at affordable prices that are made in the USA and have surpassed all safety standards.
More Money Hacks
Have you ever been to a party or event that had a bounce house? Can you make money renting bounce houses kids were probably having a blast. Maybe you’ve even rented a bounce for your own party. But have you given any thought to the profit that can be had with your own bounce house business? Like any business, you’re going to have some expenses. A bounce delivery requires a truck or a small trailer. You’ll need extension cords, business cards, insurance, dollys and other small business supplies. Most rental company owners start by doing deliveries and bookings themselves so they won’t have a lot of additional labor costs. The real joy of this business is that you work when you want to work, and if you feel like taking time off But, the downside is that if you want to make a great deal of income, you’re going to have to be available when people want to rent. And that’s generally on the weekend. Insurance is the biggest cost.
Start An Inflatable Bounce House Business In Your State
Although it seems to get cheaper when more units are added, start up costs are tough. And, of course, the more you charge, the quicker your investment will pay for. Moonbounces aren’t the only thing you can rent. We started five years ago with two moonbounces and now have over fifty interactive games. Jousts, Giant Slides, Obstacle courses, video games, casino equipment and fun foods. So, as you can see the business will grow as large as you want it to. About the only way to fail is to purchase the equipment and leave it in your garage.
What kinds of businesses can I choose from?
I’ve compiled a list of mistakes both seasoned bounce house rental companies and rookie bounce house companies make every day. Although mistakes are inevitable, realizing your mistakes and correcting them can make a huge difference and keep your stress level down too. I will start with new bounce house companies and then transition into established ones. Themed bounce houses can only go out to a select few. Make sure to start with gender neutral bounce houses rentals and combo units. Combos are more expensive to purchase, but they rent out far more, too. We can always lower the price on combos, but we cannot add a slide to a bounce house.
Start An Inflatable Bounce House Business In Your State
If you enjoy working with event and party planners, then consider learning how to start a bounce house rental business. Because just about every kid loves to bounce, they are so popular at birthday parties, corporate events and fundraisers. Start with one inflatable and add more as the business grows. Purchase an inflatable bounce house from a manufacturer or supplier. An Internet search will yield many possible sources. Most companies provide guidance in starting a business and direct you to financing sources. As the business grows, purchase additional models to provide a variety and to service multiple customers simultaneously.
Purchase an Inflatable Bounce House
Product recommendation. Hot news. Do you want to know how profitable a new inflatable bounce house rental business can be before you actually entry this industry? If you are not sure whether you should invest or not, ask Sunjoy Inflatables! Bounce house rental business is no stranger to many people who want to start their own business and we all know it’s really lucrative since bounce house rentals have soared in popularity in recent years. There are many things to consider before starting your business, mainly the profit potential. Many people asked how long it may take to make a profit. Here comes the maths.
Jump Into Success!
Business Ideas Tool. You have found the perfect business idea, and now you are ready to take the next step. There is more to starting a business than just registering it with the state. We have put together this simple step guide to starting your inflatable bounce house business. These steps will ensure that your new business is well planned out, registered properly and legally compliant.
A clear plan is essential for success as an entrepreneur. It will help you map out the specifics of your business and discover some unknowns.
A few important topics to consider are:. Opening an inflatable bounce house rental company requires very little overhead. For a storefront location, your costs will be significantly higher. The building should be equipped with multiple different types of bounce houses, as well as small rooms for hosting birthday parties.
Again, these costs will vary depending upon how you decide to set up your business. Experienced storefront business owners recommend budgeting for the following items:. Regardless of which way you decide to structure your business, insurance and payroll costs will represent the largest portion of your budget. While many adults are now hosting parties that include bounce houses, a majority of your business will cater to children who are having birthday parties, graduations, family reunions, other big life events.
Churches, businesses, and fundraising events are also a great audience to target in your marketing efforts. Inflatable bounce house rental companies generate revenue from each event they deliver a bounce house to. Storefronts charge an entry fee for each child and often host birthday parties for younger children for a group rate.
Prices vary by region and upon goods and services delivered. Before setting your prices, research the average prices of similar businesses in the area. Industry research indicates an average of 1. Consider some of the below strategies for maximizing your inflatable bounce house profits:. Choosing the right name is very important. We recommend checking if the business name you choose is available as a web domain and securing it early so no one else can take it.
Establishing a legal business entity such as an LLC prevents you from being personally liable if your inflatable bounce house business is sued. You should also consider using a registered agent service to help protect your privacy and stay compliant. For most small businesses forming an LLC is a great option, and it’s easy enough to form by yourself, or check out the top business formation services. You will need to register for a variety of state and federal taxes before you can open for business.
When your personal and business accounts are mixed, your personal assets your home, car, and other valuables are at risk in the event your business is sued. In business law, this is referred to as piercing your corporate veil. Learn. Recommended: Read our guide to find the best small business credit cards. Recording your various expenses and sources of income is critical to understanding the financial performance of your business.
Keeping accurate and detailed accounts also greatly simplifies your annual tax filing. Failure to acquire necessary permits and licenses can result in hefty fines, or even cause your business to be shut. Certain state permits and licenses may be needed to operate a bounce house business. Most businesses are required to collect sales tax on the goods or services they provide. To learn more about how sales tax will affect your business, read our article, Sales Tax for Small Businesses.
In addition, certain local licensing or regulatory requirements may apply. For more information about local licenses and permits:. To avoid liability and potential lawsuits, bounce house businesses should have their clients sign a release of liability form. An example of such a waiver can be found. Recommended: Rocket Lawyer makes it easy to create a professional release of liability form for your bounce house business when you sign up for their premium membership.
A bounce house business can be run out of a large storefront or large outdoor space. Businesses operating out of a physical location typically require a Certificate of Occupancy CO. A CO confirms that all building codes, zoning laws and government regulations have been met. Insurance is highly recommended for all business owners.
If you hire employees, workers compensation insurance may be a legal requirement in your state. Your brand is what your company stands for, as well as how your business is perceived by the public. A strong brand will help your business stand out from competitors.
Social media is a great way to reach a large number of people. Your marketing goal is to appeal to both children and their parents. Consider taking out an ad in school yearbooks throughout the community. Donating your facility or an inflatable for a daycare, school, or church event is a great way to advertise your business while giving back to the community. Customer retention comes down to competitive pricing and the quality of goods and services you provide.
Consider a referral and repeat customer program, in which individuals or groups receive a reduced rate on rental fees or parties, after a certain number of visits or referrals. A business website allows customers to learn more about your company and the products or services you offer. You can also use social media to attract new clients or customers.
Select your state below for an in-depth guide on completing each of these steps in your home state. The average weight of a 15 x 15 inflatable is equivalent to bags of mortar, so it is essential that you have the individual strength or manpower to deliver the equipment on a regular basis.
If your dream is to have a storefront filled with inflatables, many of the above requirements remain the. Entrepreneurs with families should consider getting the entire family involved to ensure ample family time. Your weekends will be filled with delivering and picking up bounce houses.
During the week, your days will be filled with the following activities:. Due to the significant growth potential, there are a number of individuals seeking business opportunities in this industry. Therefore, strong networking and marketing skills would prove beneficial.
This industry has experienced significant growth over the last decade, with inflatables present at almost every event catering to children. While gaining popularity everywhere, areas with harsh weather offer the most growth potential for storefronts with inflatables. Subscribe to our YouTube channel. 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. Having a support network in place to turn to during tough times is a major factor of success for new business owners.
There are many resources out there specifically for women entrepreneurs. Successful bounce house business owners offer the following advice:. In this industry, your staff will have a significant impact on your business. Since your guests will all be children, try to build a team of reliable teenagers.
Your guests will relate to them better and are more apt to listen to their instructions. For an inflatable rental business, your staff should include reliable and strong individuals. Each inflatable is heavy and awkward to set up. Sign up at the Business Center to access useful tools for your business. Fidget Toy Business. Take the Next Step Useful Links. Start an inflatable bounce house business by following these 9 steps: You have found the perfect business idea, and now you are ready to take the next step.
A few important topics to consider are: What are the startup and ongoing costs? Who is your target market? How long it will take you to break even?
What will you name your business? Luckily we have done a lot of this research for you. What are the costs involved in opening an inflatable bounce house business? Marketing materials Website What are the ongoing expenses for an inflatable bounce house business? Who is the target market? How does an inflatable bounce house business make money? How much can you charge customers?
How much profit can an inflatable bounce house business make? How can you make your business more profitable? Consider some of the below strategies for maximizing your inflatable bounce house profits: Offer additional party services, such as slides, interactive games, dunk tanks, carnival attractions, face painting, tents, tables, chairs, sounds equipment, and concessions.
Indoor establishments could include arcades, laser tag, food, and drinks. Indoor establishments can run special events, such as day camps, during summer, Spring break, and Christmas break. Find a Domain Now.
Bounce House — Bounce House Rentals — Bounce House Business
Start an inflatable bounce house business by following these 9 steps:
Are you looking to start an inflatable rental business? Are you opening an indoor family entertainment center? Or simply looking to get the edge over your competition? You’ve come to the right place. Our inflatables feature amazing designs and commercial quality 18oz vinyl that is both lead-safe and flame-retardant. Over the years, we’ve helped countless customers take their business to the next level. Are you looking for a specific themed inflatable? Maybe you’ve booked a princess partyor you want your indoor inflatable center to look just like a rainforest! We carry everything from pirate bounce houses to circus jumpers and many. All of our themed inflatables feature timeless, original artwork that will be perfect for your party or event.
Start an inflatable bounce house business by following these 9 steps:
Are you opening an indoor facility? Trying to figure out if a rental business is right for you? Do you need to get insurance or financing? We’re here to help you find what you need. This article is intended to outline some of the different options that are available. We hope that it helps you make your decision and operate a successful business. These companies typically purchase small, easy-to-operate bouncers and combos. Interactive Inflatable Rental Companies: These companies have expanded beyond birthday parties and now rent inflatables for corporate picnics, churches, schools, and other parties.
Comments
Post a Comment