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Tents and chairs for hire business plan

So You Want to Create a Table and Chair Rental Business? Read This First

Creating an events business can be a challenging task to take on. You should consider whether the business will be profitable for the long term. It will also depend on whether the type of service you are planning to offer is feasible within your location. More importantly, your business venture should be something that you would want to work to for several years.

Thinking of an easy-to-manage events business?

Owning an event rentals business takes a lot of dedication and lots of skills for it to be successful. An events business is generally broad and you can choose to be a jack-of-all-trades if you want to. On the other hand, you can also focus on certain parts of events planning.

For example, you can choose to come up with for wedding tent rental packages if you want to focus on covering wedding events. You can also consider creating a tent rentals business for all sorts of events (aside from weddings). Or perhaps you can go for a table and chair rentals business.

Tables and chairs may be one of the most taken-for-granted elements of any events settings. Normally, event holders would focus on the stage design, catering, and other event elements. But not almost always tables and chairs.

However, these simple furniture do play an important role in most types of events. Whether it’s a wedding, a bar mitzvah, sweet sixteens, or any other events you can think of, all of them need tables and chairs to accommodate and make the guests the entire time.

Why you should consider a table and chair rental business

It can be a good idea to create a table and chair rentals business. As mentioned, these are some of the most important elements of events planning (unless it’s an outdoor music concert where everyone would most likely enjoy the event standing up rather than seated). Otherwise, here are other reasons why it is a good idea to set up a table and chair renting business.

It is easy to manage.

You will simply have several chairs and tables to be used for an event. It doesn’t matter whether it is a small or large event. You will only have to take care of the logistics and permits to deliver the chairs and tables on the event site. Set up may be needed but it won’t be as complicated, unlike full-blown events setups.

Clients can save a lot in renting tables and chairs.

Instead of buying chairs and tables for an event that will only last for a day or two, clients can save a lot if they choose to rent instead. You can also adjust to the quantity depending on the clients’ needs, so basically all kinds of events can be served.

It won’t cost much on maintenance.

There is a minimal to no maintenance efforts required in managing a table and chair renting business. If there is a damaged table or chair, you can have it fixed or replaced. Generally, most chairs and tables won’t cost as much unlike tents and other technical equipment.

Things to consider in creating a table and chair renting business

By now, you may have already realized how easy and potentially profitable a table and chair renting business can be. However, you should consider the following first before creating any event rentals business.

Consider your market.

In any type of business, it is important to consider if there is a potential market for event renting. Basically, the more populated an area, the higher the chances that there will be events held in private and public venues. You can also contact these venues and determine whether they will need a table and chair rental for any event that will be held there.

Consider other services.

Aside from tables and chairs renting services, you can also consider other related services such as event setup and linen rental. You can also partner with a laundry shop for additional mileage.

Create a business plan.

Even if it is just a simple table and chairs rental business, it is still business and therefore needs a serious business plan. This is to help you create a plan on how you will execute your business. At the same time, you can determine potential setbacks that can affect your business.

Find the best tables and chairs rental supplier near you

Tables and chairs renting business can be one of the easiest types of event rentals businesses out there. But for major event requirements, you can hire party tent rentals in Maryland. Contact one today!

How to Start a Rental Table & Chair Business

Most people don’t have enough tables and chairs for big events, because they don’t have that kind of space in their home or business. Event rental companies exist that rent tables and chairs to individuals or businesses for parties, as well as for business and commercial events.

Know Your Market

To have a tenable, thriving business renting tables and chairs, you need to open in a viable market. A more populated area means 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 could even make a list of venues and contact the managers directly for their input – do they need to rent tables and chairs, and if so, how often?

Research if other businesses in your geographical area are doing what you’re planning to do. This gives you an idea of the market saturation. What can you offer that other companies do not? How can you distinguish yourself from them so that your offerings stand out?

What is your pricing going to be? Again, researching your competitors is one good way of determining what customers generally expect to pay for your services. You’ll need a good understanding of pricing when it comes to developing your revenue projections for your business plan.

Decide on Services

As you begin doing the research necessary to start a business, consider what level of service you want to provide to your customers:

Linens: Some chair and table rental businesses also offer linen rental. party linens include tablecloths, napkins, table runners, chair pads, and chair coverings. This requires an additional outlay of cash for inventory, as well as a relationship with a commercial laundry. It can also be an excellent additional profit center.

Delivery and set-up: Will you be able to deliver, set up, and take down the tables and chairs that you rent? Some customers maybe just as happy to save some money and handle furniture pick up and drop off themselves, but you’ll be able to charge more for your items if your crew handles these matters themselves.

Write a Business Plan

A business plan is a company’s road map. It maps out a strategy to create and execute your tables and chairs rental company by assessing its financials, including its weaknesses and strengths, as well as having a strong executive summary that encapsulates who and what your business is about, and how you intend to be successful. It’s important 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 and other financial institutions will need your business plan so they can assess how they can help you.

Investigate Licensing and Insurance Requirements

States and municipalities have their own requirements for business licenses and permits. For example, you may need to apply for a resale license that allows you to purchase inventory without having to pay sales tax on it. In addition, you may have to purchase general business permits, and an inspector may have to issue you a permit certifying that your warehouse is safe. If you opt to offer delivery and set up services, you will have to look into vehicle licensing as well.

Insurance is also a major consideration for any business. You will want insurance that protects you, and your team, from liability in case somebody is injured while using your tables and chairs. It’s important that your insurance agent be experienced in issuing business policies. One concern might be that your policy may cover you and your staff, but not the staff at the local restaurant who might be setting up or moving your furniture.

Purchase Tables and Chairs to Rent

Your stock must be stored in a clean, dry, safe place where it can be placed in well-organized sections for easy draw. There should also be a space to thoroughly 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. Purchasing stock in bulk will save you money, so plan to buy dozens of styles, materials and sizes.

To start, plan to purchase at least a dozen rectangular and a dozen round tables that are made from high-end plastic resin and at least 100 high-quality folding chairs. Price the cost of buying in bulk from several different companies to determine who will offer the most competitive prices. Again, you can get an idea of which types of tables and chairs to buy and how many of each to purchase simply by doing basic market research. For example, some communities may need more cocktail-height tables with matching tall chairs, whereas other communities won’t have much use for those products.

After you have completed your research and have purchased your stock, let various venues and individuals know what you are offering. Help your potential customers make their dream come true, by offering comfortable products and that they know that you there to take care of the heavy lifting.

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Nicky is a business writer with nearly two decades of hands-on and publishing experience. She’s been published in several business publications, including The Employment Times, Web Hosting Sun and WOW! Women on Writing. She also studied business in college.