If you are looking for a sample party rental business plan template, here is a business plan for starting a party table and chair rental business and free feasibility study example you can use.
PARTY SUPPLY RENTAL BUSINESS PLAN SAMPLE
We all love parties, could be because of the happy faces, the music, the food and drinks, the merry nature of the party or the opportunity to network with like minds. People will always have something to celebrate no matter the economic situation, so this is a very good business to do.
Apart from the juicy income associated with wedding party rental business, you can run it part time and you get the chance to meet high class people. Though most of the skills required to run the business are soft skills you already have, ability to communicate well, a likeable personality, good leadership skill, and orderliness are vital to this business.
You will need a business plan if you are going to do this professionally, it will give you a guide and should you ever need a loan, it will be a compulsory requirement. Do not worry if you don’t know how to write a business plan, here is a sample from which you can make your own.
Name of business
Kings and Queens® Party Rentals, LLC
Table of Content
- Executive Summary
- Products and Services
- Vision Statement
- Mission Statement
- Business Structure
- Market Analysis
- Cost of starting
- Source of capital
Kings and Queens® Party Rentals, LLC is a party rental service company that will be based in the ever active city of Chicago. We have successfully secured a space in strategic area in Chicago which will serve as our business base, we have been licensed as a standard business and have permit to begin operations immediately.
We will supply a wide range of party equipment for the fulfilment of our client’s occasion and we will do so for all kinds of events. Our services will come at a price that customers will find affordable because we will have different classifications of services which we will show to clients who will pick the one they can afford comfortably.
We will connect with the best manufacturers of the equipment we need to run our business and buy from them so that when our clients and those they invite for the events see the quality of the supplies, they will have no choice but to ask for the contact of the party rental company that made it possible.
Our aim is to satisfy all those who make the smart choice of patronizing us and be one of the leading party rental brands in the city of Chicago in less than five years of operation. This may look like a tall dream but we are confident of achieving it because we have studied the already competitive party rental industry and we have seen how the top companies operate, we have taken note of the areas where customers complain of poor service and will use that information to our advantage.
Kings and Queens® Party Rentals, LLC is founded by Alex Bohemia. He is a graduate of Harvard University and has over 18 years experience in the party rental industry and has held many leadership positions in the top companies before deciding to start Kings and Queens® Party Rentals, LLC. With his expertise, we are sure to meet and surpass expectations.
Products and Services
We will offer the a wide range of services within the scope of the industry. Kings and Queens® Party Rentals, LLC will provide the following services;
- Birthday rental
- Wedding supply rental
- General party supply rentals such as plates, canopies ( tent hire ), cutlery, red carpet, loud speakers, tables and chairs, cameras, and many more.
- Corporate event rentals
- Barbeque rentals
- Outdoor party rentals
Our vision is to build a party rental company that will offer world class services and be the most sought after in the city of Chicago and the United States as a whole.
To position Kings and Queens® Party Rentals, LLC as the leading brand in the party rental industry and be ranked among the top 3 under five years of operation.
Kings and Queens® Party Rentals, LLC is a business that is focused on excellence so, our workforce will be equipped with the best and most qualified hands in the industry to build the business of our dream. Here is what our business structure will look like;
- Chief Executive Officer
- Party rental manager
- Human resources manager
- Sales and marketing officers
- Customer service personnel
- Bus drivers
- Security personnel
Our target will be potential couples, religious organizations, schools, and every other body likely to host parties.
We will use printed, electronic and social media platforms to publicize our business.
Cost of Starting
The sum of $380,000 will be needed to startup, this should cover all equipment and salary of workers for the first three months.
Sources of Capital
The founder will be the chief source of funds for the business.
Alex Bohemia and his immediate family members will run the business and will only be open to partnership after six years of operation.