If you are interested in starting your very own party hire business, here’s how you need to go about it:
The basics of setting up a party rental business
To begin with, it is necessary for you to purchase ample equipment so as to acquire the ability to plan out several parties at a time. An inventory will have to be created for each type of party along with the equipment required for it.
If you are not interested in providing catering services, then it is highly recommended for you to prepare a list of your most preferred caterers. This way, you can give out recommendations to your customers. If you plan on offering catering services, make sure that you have a kitchen with all of the right facilities. You must also acquire a range of entertainment options. For children’s parties, it is best for you to have clowns and magicians, whereas a string quartet is aptly suited for elegant dinner parties. A moon bounce is also a necessity at children’s parties. Also, it is necessary for you to offer marquee hire services as these are highly in demand.
The next thing that you need to do is that of negotiating with vendors to acquire the best prices of things like equipment, food and supplies. Discuss bulk discounts with wholesalers, learn about the best farmer’s markers, and keep an eye out for sales and special offers. When working out the rates that you wish to charge for your party hire services, make sure that you take all of the costs involved into account. This includes costs for supplies, rent, vehicles, labor costs and insurance etc.
If you are interested in taking on party rental services, then get in touch with Walkers Hire now!