If you enjoy working with event and party planners, then consider learning how to start a bounce house rental business. Because just about every kid loves to bounce, they are so popular at birthday parties, corporate events, and fundraisers. Start with one inflatable and add more as the business grows. Since most events occur in the evening or on weekends, it's the perfect part-time business that can be parlayed into a full-time venture once a following is established.
Purchase an Inflatable Bounce House
Purchase an inflatable bounce house from a manufacturer or supplier. An Internet search will yield many possible sources. Most companies provide guidance in starting a business and direct you to financing sources. As the business grows, purchase additional models to provide a variety and to service multiple customers simultaneously.
Obtain a Truck or Trailer
Buy or rent a truck or trailer to transport the bouncy house to an event. Each inflatable can weigh more than 100 lbs. A dolly will be useful in moving the equipment at the destination
Secure a Storage Facility
Secure a storage facility for the bounce houses. Depending upon the number of inflatables owned, the space requirements will vary. The storage facility should keep equipment clean, dry, and away from animals that might harm it.
Decide on a Legal Structure
Decide on a legal structure and name the business. Possibilities include sole proprietorship, partnership, corporation, and limited liability company. The latter two afford protection from claims if anyone gets hurt. Check with the state secretary for registration requirements because they vary by state.
Obtain Licenses and Permits
Obtain licenses and permits. The requirements vary by state and local jurisdiction. An occupational license is generally required. In addition, some states consider an inflatable rental business a type of amusement park. If so, additional filings and inspections of equipment may be required by the state.
Obtain Liability Permits
Obtain liability insurance to cover accidents that may occur on the equipment. General business insurance will cover damage to the equipment. Consult an insurance agent to determine the amount of coverage necessary. Some states dictate the level of insurance coverage if the business is classified as a type of amusement park.
Prepare a Rental Agreement
Prepare a rental agreement. A number of key provisions should be reviewed with an attorney. For example, the rentee must understand the proper use of the equipment and agree to hold the company harmless in the event of injury.
Advertise and Market
Advertise services. Build a website. Send out a news release when the business opens. Place ads in the phone book, newspaper and local magazines that parents might read. Prepare business cards and flyers. Make sure to focus on social media marketing with things such as likes/shares and Instagram shots of kids having a blast on your bouncy castle. Display the business name and phone number on the equipment used at parties. Provide business cards to party-goers for their next event. Ultimately, referrals especially through social media will become a valuable source of ongoing business.
one
Analyze your financial situation. If you are considering taking a loan to buy your properties, lenders are likely to look for exceptional credit history, with no foreclosure or eviction history, and a current source of income. Find a lender or mortgage broker who can help you obtain financing for your new real estate rental business permanently.
Things You Will Need
bounce houses
truck or trailer
storage facility
permits and licenses
insurance
rental agreement
