A lot of people don’t have enough tables and chairs for big events, because they don’t have that type of space in their homes or business. Chair rental companies exist that rent tables and chairs to individuals or businesses for parties, in addition to business and commercial events.
Know Your Market
To have a thriving business renting tables and chairs, you must open in a viable market. A more populated area implies that there will be more events such as birthdays, retirement and graduation parties, as well as weddings, funerals, and other religious and community events in homes and commercial venues. You should even make a list of venues and contact the managers for their input – are they in need of renting tables and chairs, and if so, how often?
Look if other businesses in your geographical area are doing what you’re planning to do. This gives you an idea of the market competition. What is it that you offer that other companies do not? How can you separate yourself from them so that your offerings stand out?
What is your pricing going to be? Again, looking for information on your competitors is one good way of determining what customers generally expect to pay for your services. You’ll need to have a good understanding of pricing when it comes to developing your revenue projections for your business plan.
Decide on Services
When you begin doing the research necessary to start a business, you should consider what level of service you want to provide to your customers:
Linens: Some chair and table rental businesses do offer linen. The linen materials used for parties include tablecloths, napkins, table runners, chair pads, and chair coverings. This requires an outlay of cash for inventory, as well as a relationship with a commercial laundry. It can be an excellent additional profit.
Delivery and set-up: Will you be able to deliver and set up the tables and chairs that you rent? Some customers can be just as happy to save some money and handle furniture pick up and drop off themselves, however, you’ll be able to charge extra for your items if your crew handles them.
Write a Business Plan
A business plan is a company’s guide. It maps out a strategy to create your tables and chairs rental company by assessing its financial situation, including its weaknesses and strengths, as well as having a strong executive summary that gathers who and what your business is about, and how you intend to be successful. It’s very valuable to take your time and write this your business plan with careful consideration and research – not only to be clear with yourself about your goals but also because banks will need your business plan so they can assess how they can help you.
Purchase Tables and Chairs to Rent
Your tables and chairs must be stored in a clean, dry, safe place where it can be placed in well-organized sections. There must also be a space to clean and sanitize the tables and chairs as they are returned from the previous rental and again before they are sent out for the next rental. Buying stock in bulk will save you money, so plan to buy dozens of styles, materials and sizes.
Party Buster is your go-to source for party rental equipment in Brooklyn and NYC
Party Buster NYC 1070 Linwood St, Brooklyn, NY 11208 (718) 789-9200 https://www.partybuster.com/