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| Start a Rental Service |
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- Financing Available!!!
Who Rents Party Tents?
Party Tent Rental Opportunities:
- Corporate Functions
- Special Events
- Backyard Parties
- Sport Venues
- Firework Tents
- Weddings
- Awards Ceremonies
- Banquets
- Fairs
- Festivals
- Auctions
- Auto Dealers
- Golf Courses
- Social Clubs
- Catering Companies
- Construction Operations
- Temporary Warehousing
- Storage Structures
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In most areas, especially
metropolitan, this could be done in two months. With good maintenance,
a tent can last up to ten years or longer which could equate to tens of
thousands of dollars over the life of the tent. The real cost and effort
is marketing and advertising to let people know that you have tents for
rent! If you have even basic computer skills, the Internet is a great,
free place to tell people about your service.
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| *Celina Tent is located
in a rural West Central Ohio where our prices reflected our market. Many
markets will be able to withstand much higher rental rates. |
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| So what’s involved
with starting your own rental service? |
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The key to any successful
business venture is good management. Here are some general tips:
Give a detailed description of the business and its goals
Discuss the ownership of the business and the legal structure
Write down the advantages you and your business have over your competitors
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Marketing
Write an accurate description of the products / services offered
Identify the customer demand for your product / service
Identify your market, its size and locations
Explain how your product / service will be advertised and marketed
Explain the pricing strategy |
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| Financial Management
Explain your source and the amount of initial equity capital
(Minimal in the case of tents!)
Develop a monthly operating budget for the first year
Develop an expected return on investment, or ROI, and monthly cash flow
for the first year
Work up projected income statements and balance sheets for a two-year period |
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