Want to start a rebound rental business? here is a complete guide to starting a Ricochet rental business with no money and no experience .
Ok, so we’ve provided you with a detailed example of a Townhouse Rental Business Plan Template. We also took it a step further by analyzing and writing a sample multistory rental marketing plan backed by actionable guerrilla marketing ideas for multistory rental companies. In this article, we’ll go over all of the requirements for starting a bounce rental business. So put on your entrepreneur hat and let’s move on.
Why start a bouncy house rental business?
Indeed, the bouncy house rental industry can be very complex, but understanding how to get started with a bouncy house rental business can make that task a little easier. Inflatable houses are inflatable trampolines that have enough room for children and adults to jump and have fun. With proper care and supervision, a bounce house can be a long term investment that will bring you lucrative returns. This unique business comes from a long term investment perspective.
A promotional business may seem like a quick return and quick profits, but it usually takes around 3 years for such a business to stabilize. Keep in mind that starting a home business will surely take your weekend away, as the activities are mostly on weekends. This business is also very labor intensive and most of your first year income will go towards paying for your initial inflatable purchase.
It’s important to note that this is not just a weekend warrior business. A permanent inventory of your inflatable boats is necessary and your machines must be cleaned, disinfected and maintained. They should also be thoroughly dried after a rainy weekend to prevent mildew, mildew or odors, and sometimes your inflatable boats need to be sent in for repair. Maintaining a Bounce House business requires long term dedication due to the manpower required.
Many inflatable business owners go bankrupt within 2-3 years because in most cases they don’t generate enough income for the weigh-in. lost family and weekend time It is important that you understand that starting an inflatable business will have a huge impact on your family life.
Starting a Bounce Home Rental Business Complete Guide
- Industry overview
An inflatable house simply consists of bouncy / inflatable castles (closed inflatable trampolines, inflatable houses, moon bounce, moon rides or CITS, etc.), which are inflatables, buildings. and similar items for children’s holidays, school, church and village; and they are used for entertainment purposes.
When starting this business, you will need to provide a facility large enough to accommodate the activities and services you hope to deliver, as well as sufficient parking space. Keep in mind that if your home is in excellent condition, is of a high standard, and is close to an apartment complex with a large number of growing families, then the appeal of children and adults will be inevitable.
It is important to note that this family business line also offers recreation and recreation services in a variety of establishments such as bouncy castles, golf practice grounds, minigolf centers and go-kart circuits. batting cages, family entertainment centers, outdoor sports leagues and a wide range of outdoor recreational activities for the whole family; for adults and children.
This industry is a very large industry with significant economic growth in all parts of the world, especially in developed countries such as United States of America, Canada, United Kingdom, Germany, Australia and other countries. Italy, etc.
Industry reports in the United States of America alone have shown that there are nearly 50,369 licensed and registered family entertainment establishments with approximately 121,067 employees. This lucrative industry has an annual turnover of $ 10 billion and an expected annual growth rate of 3.1%. It is important to note that this lucrative industry has seen its income increase in recent times.
The family entertainment industry as a whole has survived even in the face of fierce competition from alternative leisure activities such as the gym, fitness centers, and movie theaters, and industry analysis has shown that revenues The industry is expected to increase as family entertainment continues to expand its product portfolio. to attract families, even with reduced leisure time.
Start of a feasibility study and research on the rental of auxiliary houses
- Demography and psychography
Anyone familiar with the industry will surely know that the target market for home rental companies includes parents and institutions that bring together children and families from different walks of life. The unique idea that people visit or check in high rise buildings and vacation destinations for various reasons creates the need for rental housing. Keep in mind that the demographic and psychographic makeup of the high rise rental business can be divided into three different groups.
The first group is made up of families who are looking to create time for their children. Other groups are schools that would like to create something fun or unique for their students by playing etc. The last group of people are religious organizations. You should also know that there are countless events and occasions that will be in great need of your services, and they include:
- Company picnics
- Functions of the Church
- Corporate evenings
- Halloween holiday
- School functions
- Preschool institutions
- Summer camps
- Pumpkin patches
- Car dealers
- Youth sports events
- Family picnics
- Swap meet
- Street fairs
- Grand opening
- Lots of Christmas trees
- Super Bowl Sunday
- shopping centers
- and many more
List of niche ideas in the bouncy house rental industry
Almost all children under the age of 18 enjoy jumping, and you might be surprised to find that adults enjoy it as well. This is the only reason inflatable houses are so popular at birthdays, corporate events, and fundraisers. If you enjoy working with event planners and Bounce House, consider starting a Bounce House rental business. Start with one inflatable and add more as your business grows. Since most events take place in the evenings or on weekends, this business is an ideal part-time business that can be transformed into a full-time business once stability is achieved.
Just like most businesses in the world today, there are many niches to be found or used in this industry. If you plan these niches well, it can catapult your business to prosperity and pave the way for you, even among competitors and brands that not only have registered but made their names in the industry. The niches in this industry can be:
- birthday parties
- company picnics
- street fairs
- Large openings
- Church activities
- halloween parties
- company parties
- family picnics
- shopping centers
- summer camps
- youth groups
- Car dealers
- Swap meet
- Lots of Christmas trees
- School activities
- Super Cup games
- Pumpkin patches
The level of competition in Bounce House’s rental business
There are a lot of big investors who have an interest in the industry, but that doesn’t mean you can’t pitch your tent in the industry; there is always enough space to accommodate future and existing businesses. But as a newcomer, you need to create a niche that is perfectly acceptable and also serves the interests of your target audience.
List of famous bounce house rental companies
- Inflate-A-Bounce House
- All American Bounce House
- Bounce Houses R Us
- Skip us on home rentals
- USA inflatable boats
- Jumptastico Jumper Rental Bounce House Co
- Rent a Bounce house
- Bounce USA
- All American inflatable boats
- USA Rent a house to bounce back
- Home for Bounce-N-Jump
- Apartments for rent in plans
- Home for Grandpa’s rebound
- Bounce back with us LLC
- Rent a Bounce Jump Go house
- American Bounce Company
- Four Star Rentals, Inc.
- Watch Us Bounce!
- Rent chess houses R Us Corp.
- Rent with us Bounce House
- Inflatables on land
- American Homes Rentals Bounce
- Bounce Town United States
- Giggles-N-Jiggles Family Entertainment Center
- American Family Day
- Orlando Spacewalk
- Taylor Rental in Sebring
As we have said in many paragraphs, jumping houses are inflatable games that kids and adults love to jump (and beyond) and come in a wide array of shapes, sizes and themes, such as as castles and airships. … Renting a rented home is easy and you can make incredible profits, up to $ 250 per day, just for shipping, installation, and late-day returns to pick up. We think this may be one of the best part-time business opportunities available.
After extensive research, we have found that the cost of a single inflatable entertainment set is $ 2,000 for small base models and up to $ 15,000 for large complete models. We have also found that used ones are available for about half the cost of a new one.
In addition to the rental of these inflatable boats for children’s birthdays, inflatable boats can also be hired from charities, sports, social and for corporate and social events. Also note that its installation is quick: it takes about 30 minutes and about the same time for one person to take it apart and take it apart.
Starting a Bounce House rental business from scratch or purchasing a franchise
Indeed, it pays to buy a franchise from the successful rental company Bounce House or even a partnership with a large rental company if you only want to invest in this area. It is important to note that different people are motivated by different factors and incentives to start a business.
If your motivations and goal are to create a business that you hope to control, a trade mark that you hope to someday pass ownership to your children and perhaps sell a franchise in the future, then starting from scratch is our best advice. for you. But if you are only interested in making money and increasing your wealth, it is advisable to buy a franchise and use leverage based on the name already established and the business model it offers.
Threats and Potential Challenges You Will Make in Starting a Bouncy Home Rental Business
It is important to note that the Bounce House rental industry, which even includes industry-renowned big fish, faces threats and challenges from government policies, a global economic downturn that generally impacts spending. and unforeseen natural disasters (natural disasters that can lead to a regression). ).
- Development of vision and business ideas
- Raising capital for your bouncy house rental business
- Find good clients
- Combat competition
- Unforeseen problems and business costs
- Keep pace with changes and industrial trends
Launch of Bounce House Legal Lease Business Aspect
- Best Legal Entity For A Return Home Rental Business
Building a Bounce home rental business takes a lot of time, but it’s a lucrative people-relations business, so you need to understand that which entity you choose will largely determine the size of the business.
Choosing a legal person for a private rental business is not difficult if you follow the right steps. In this business, we strongly recommend that you choose a general partnership, limited liability company, LLC, C corporation, or S corporation. Keep in mind that all of these businesses have their own strengths and weaknesses.
There are several factors that you should consider before choosing a legal entity for your Bounce home rental business, and they include: personal liability limits, ease of transfer, hiring a new owner, investor expectations and tax issues, but for the sake of this article we suggest that you start your Bounce home rental business as a Limited Liability Company (LLC) and in the future turn it into a C corporation or even an S corporation, especially if you are planning to go public.
Note that moving to a “C” or “S” company will give you the opportunity to grow the Bounce home rental company to compete with the big fish in the industry. It will also give you an advantage in obtaining capital from venture capital firms, the stock market, you will have a separate tax structure and you can easily transfer ownership of the business; you will benefit from flexibility in ownership as well as in your management structures.
Eye-catching trade name ideas for bounce house rental businesses
- Royal rebound
- Bounce Disneyland Houses
- Fun rental
- Holiday sweaters
- Sublime riders
- Bounce bouncers
- Bounce Rentals
- Rent house Bounce
- Mandy’s Jump Houses
- Crazy riders
- Bounce of the enchanted house
- Flower Bounce house rental
- Icy Bounce house rental
- Inflatable platform rental
- Jones Cavaliers
- Kids jumping fun
- Renting a house for an economic leap
- Magic jumping castles
- Apartments for rent Vision
- Apartments for rent Safe Bounce
- High level sports
Remember that it is dangerous, even illegal, to run a business without some of the basic insurance policies that the business needs. This industry demands that you have the necessary insurance to make sure everything you do is covered.
This is why we recommend that you create a budget for insurance and possibly consult an insurance broker to help you choose the best insurance policies for your rental business.
- General insurance
- Health insurance
- Risk insurance
- Payment protection insurance
- Liability insurance
- Workers compensation
- General disability insurance costs
- Group insurance for business owners
Protection of intellectual property
We agree that smart protection cannot be a priority in this industry. But make sure that all the equipment and tools used by your business are properly purchased and that all the necessary steps to verify its originality and authenticity in the state in which you reside are followed by the latter.
Is Professional Certification Required To Start A Bounce Home Rental Business?
Before you embark on this unique business, you need to understand that it is one of the highly regulated industries, therefore, in order to avoid costly disruption in relation to people and their property. Therefore, if you are very interested in this profession, we suggest that you acquire some of the necessary qualifications to keep you on top in whatever you do.
It is important to clarify that the Bounce home rental company does not have a specific certification, but you can get related certification in the general rental industry. Although in the United States of America, the most recognized exam that must be taken is the Certified Event Rental Professional (CERP) organized by the American Rental Association (ARA). It makes you look more professional and shows that you have been certified to be in business.
List of legal documents for the bouncy house rental business
- Registration certificate
- Security clearance certificate
- Business license
- Business plan
- Non-disclosure agreement
- Memorandum of Understanding (MoU)
- Employment contract (letters with proposals)
- Operating agreement
- Company charter
- Operating Agreement for LLC
- Insurance policy
Finance your home rental business with rebound
You may not need a lot of resources. First of all, when looking for reliable funds, you need to write a detailed business plan. If you have a detailed business plan, it will make your research easier. Here are several ways to fundraise to rent your home.
- Receive money from personal savings and sell personal stocks and property
- Receive money from investors and business partners
- Apply for a loan from your bank
- Apply for business grants and seed funding from donor organizations and angel investors
- Source of concessional loans from your family and friends
Choosing the Right Location for Your Bounce House Rental Business
Choosing a location for your business is one of the most important decisions to make. If you took the wrong location, you almost killed your business before you even started. Here are some factors to consider before choosing a location for your waived rental business.
- Strong economy areas
- Growing population areas
- Areas with access to an educated and talented workforce
- Areas densely populated by like-minded entrepreneurs
- Zones without corporate tax
- Areas with a relatively low cost of living and affordable office space
- Bounce rental businesses should be located near residential areas
- They should be located next to schools; in primary and secondary and higher education establishments
Start of technical requirements for residential rental personnel, technical and personnel requirements
When starting a home rental business, you first need to decide whether or not you want to go with a theme for your inflatable boats. It’s important to note that themed inflatables are a real eye catcher and kids love them, while unthemed inflatables are often less expensive and provide a more “professional” look.
Many customers have found themed inflatable boats to have to go back and forth to keep children from coming back. Remember, the necessary decisions you make here will depend on the size of your business. Here are some things you will need to start renting your home.
- Sand bags or other equipment needed to set up a buffer house
- Generator needed for places where there is no place where there is no electricity
- Delivery vehicle
- Maintenance of the car
- Heavy devil, so it will work for a long time
- Cleaning tools for consumables
- Consumables and maintenance tools
- Advertising costs: includes actual advertising costs, printing costs and shipping costs
- Commercial licenses and fees
- Stationery store
- Planning software
- Accounting software or services
Service process associated with the rental business of Bounce House
While the entire rental and setup process is straightforward and not a hassle, there are a few other things to consider when planning your Bounce House rental:
- We recommend that you choose the size that best suits the number of guests expected as well as the age range of children you plan to invite.
- If there is a diverse age group, consider inflatable obstacle courses as well.
- Remember when offering to make it clear that there will be a bounce (or other inflatable boats) at the party. It is your responsibility to encourage parents to dress appropriately for their children.
- We also advise when the children are allowed to use the bouncy house, to collect them and to review the safety rules with them (no coup d’etat, toys or other objects, difficult games, etc.)
- You should also consider serving cakes and other treats after using bounces at home. This way you can prevent unwanted cleaning if something “happens”.
- You should also try to establish a location that receives as much shade as possible during peak periods of sunlight, such as direct sunlight. can cause other problems such as sunburn and overheating.
- You should also try to set up the preparation site at the entrance to the bounce house using a mat or mat so that clippings and other foreign objects do not get in the way. sneak inside while the kids take off their shoes.
- Renting a Bounce House can earn a lot more than just inflatable boats, and when it comes to tables, you can rent them too! From tables, chairs, crockery, bed linen to tents and awnings; A rental that can meet all the basic needs needed for any meeting.
Starting a rebound marketing plan for a home rental business
- Marketing Strategies For Bounce Home Rental Businesses
The Bounce Home Rental business, like any other business, requires marketing and ensuring that your services reach the right people on time. Marketing is very effective and a priority if you know how to reach your target audience. Ways to promote bounce house rental business may include:
- Local telephone directory
There are two main commercials for local bounce house businesses: the local phone book and word of mouth. You should be aware that the cost of a phone book ad will depend on the size of your ad. The bigger the ad, the more calls you’ll get, but if you’re starting out with one or two bouncers, you don’t need a very big ad.
You should know that word of mouth is the best free advertising you can get. You should also know how important it is for your employees to always make a good impression on your customers, to keep your bouncers clean and in good working order, and to deliver and set up bouncers on time. It is important to say that starting business again depends on it, as well as the business of parents and grandparents who abandon their children at a party.
- internet advertising
You should know that directories don’t guarantee click-through rates, so don’t pay more than they could be worth. Directories that appear at the top of search engine listings are often the best places to add your data, but they will also cost you more. Note that search engine advertising can also be a good way to get more attention to your business.
- Develop your own website
Large companies in the industry still have their own websites. The website allows the company to show customers pictures of the bouncers and inflatable equipment it has to offer, as well as make promotional offers for bundles. You should know that more and more people are turning to search engines on the Internet to find what they are looking for, this is the platform to use.
- Participation in social events
If your community is hosting a major charity event, a free post or slideshow can provide you with additional publicity and an opportunity to meet potential customers both inside and outside the community. You should also know that nonprofits are an important part of all rental company bookings, but you don’t want to overdo it. It is advisable to select a specific charity that is close to your heart and do so at their annual fundraising event.
Strategies to increase brand awareness and corporate identity of Bounce House Rental
When it comes to building awareness of your business in this industry, keep in mind that the level of contracts you have worked with in the past and the marketing strategy you use will be a way to help your quest. for a long time. That’s why we highly recommend that you work with a consultant to help you define advertising and promotional strategies that will help you reach the hearts of your target audience. Ways to boost your business. Brand awareness can include:
- You should introduce your business by sending cover letters along with your brochure to community leaders, schools, hospitals, hotels and government agencies in your target area.
- We also recommend that you promote your business in relevant magazines and websites.
- You should also host your business on local directories / yellow pages (online and offline)
- We also recommend that you promote your business on satellite TV channels and radio stations.
- Get started with direct email marketing
- Use the Internet (social media platforms and official websites)
- You should ensure that your employees always wear your branded shirts during working hours and label all official vans, trucks and cars in your company.