How to Start a Bounce House Business: The Complete Guide
by Admin
Posted on 01-01-2024 03:12 PM
Start an inflatable bounce house business by following these 10 steps:
plan your inflatable bounce house business
form your inflatable bounce house business into a legal entity
register your inflatable bounce house business for taxes
open a business bank account & credit card
set up accounting for your inflatable bounce house business
get the necessary permits & licenses for your inflatable bounce house business
get inflatable bounce house business insurance
define your inflatable bounce house business brand
create your inflatable bounce house business website
set up your business phone system
we have put together this simple guide to starting your inflatable bounce house business. These steps will ensure that your new business is well planned out, registered properly and legally compliant.
Need help financing to start your bounce house business? magic jump can help guide you in the right direction by providing resources to financing companies that work in the inflatable party rental industry. Sometimes money can be tight, but why wait years to save up before you start your party rental business. Financing can help you obtain inventory now and get started right away. Don't push your dreams of opening a bounce house business down the road, get started today with financing to start your business.
Getting the Right Equipment for Your Bounce House Business
Starting a bounce house business can be a great entrepreneurial endeavor as either a side business or a full-time venture. Bounce house rentals have soared in popularity in recent years and are almost everywhere you look - at birthday parties, local community events, and corporate outings. But that's not to say it is going to be easy! there are a number of things to consider before starting your business, mainly the profit potential.
It is important to understand what your up-front costs will be, and have an idea of how long it may take to turn a profit based on a number of bookings your business can handle.
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.
Marketing Your Bounce House Business
Inflatable jumpers and slides are becoming more and more popular for children’s parties. They are a fun and safe way to entertain a large group of kids while providing parents with a bit of relaxation time. If you are wondering how to start a bounce house rental business in california, you have come to the right article. Inflatables are no longer just for house parties. With the rise in popularity of indoor playgrounds, the demand of inflatables has also risen. In most u. S. Cities, the average rental rate for basic bounce houses is $80-$125. With the average price of a basic bounce house at $2000, you are likely to get a return on your investment in just one season!.
I’ve played with the idea of starting my own bounce house / amusement rental business for a while now. If someone has any experience with this industry, what are the startup costs like and is it acceptable to hire a few people to operate the rentals? read more .
The average inflatable bounce house business will rent each house approximately 1. 5x per week. If that's $50 per hour for four hours, that's $200 per party. If you buy a bounce house for $2000, it will take ten rentals (or about seven weeks) to pay it off. After that, it's pure profit minus your expenses. So, if we work it out like that, you could say each bounce house generates around $300 per week. If you buy a commercial bounce house, it should last around five years. Adding a second bounce house to your stable could mean revenues of around $2,400 per month once you've covered your initial outlay.
Another question to ask is, “how to start a jumper rental business and not get sued?” you’ll need insurance! general liability insurance will protect you from lawsuits over injuries that happen when people use your jumpers and inflatables. Don’t forget worker’s compensation and commercial auto insurance to protect yourself as employees deliver and pick up bounce houses from customers.