Today, we’re sharing a couple of crucial elements to think about as you set up and structure your brand-new bounce house company. We would recommend that you would begin your business with three jumping castles. When you are established your business will get business due to word of mouth and repeat organization. Every organization requires promotion however especially a new service. We supply all the details you need to make your bounce house business run as smoothly as possible.
If you’re looking to make some extra money for your family, then consider starting up a Bouncing Castle Hire business. You can stay working at your full time job and manage your hire business on the side, working part-time and on weekends. We recommend that you incorporate your business as a limited company, as this will provide a separate legal identity for your company – just in case of any legal claims being made due to injuries sustained on one of your castles.
The Physical Requirements
The financial gain can be great and entertaining kids is both mentally and physically rewarding – however, it’s important that you understand the weights and sizes of these items. Think about setting up transportation tools for easy delivery of orders too – as when you expand your fleet, more manpower may also be needed.
Budget and varieties of bouncy castles needed for startup
We advise that you only hire out castles for use by children rather than adults as there is a much higher demand for kid-friendly castles. To start off, we’d suggest three jumping castles – buy one with a slide (16ft x 14ft) and two without (14ft x 12ft). Initially charge $250 for the castle with the slide and $210 for the standard ones. You can find plenty of bouncy castles for sale by yoyisi factory you can even customize these products .
Considerations for Shop Locations
When it comes down to shop locations, it does not matter whether you choose an indoor or outdoor area – just somewhere where customers can rent inflatables for events rather than taking them elsewhere themselves. In this case, costs will be higher as apart from buying furniture such as tables and chairs, a large building with different hosting spaces is also needed along with other inflatables to fill the area plus an architect to help with design layout etc. Expect to spend $200-300K or more depending on whether you go with franchising too!
Anticipate to spend around $200,000 to $300,000 or more so there will be sufficient opportunity for growth if you’re signing up with in on a franchising chance.
Tackling your service
Consider providing a 10% discount for off peak hires (Monday-Thursday) – whilst the castle with the slide will attract older parents & kids with bigger gardens, standard ones are ideal for smaller kids & parents who have smaller gardens. And don’t forget water slides are summertime hot rentals! Plus kids have birthdays every day of the year so there’s always work available!
Children have birthdays each and every single day of the year and jumping castles attract kids from the age of 2 to 13. In the summertime and fall, their moms and dads can work with a dive house for the back garden. In the winter season and spring, moms and dads can hire a neighborhood hall or church hall to hold the celebration and accommodate the castle.
In our experience the renting season is from May to August. Kids choose utilizing these items outside in their gardens instead of inside. And water slides comes in to action from September to January .
Target your consumers for tweak income
Do you envision yourself setting up bouncy castles for kids’ birthdays all over town? Or, do you picture adding a fun, childlike element with amusement rides to larger events, such as weddings, bachelor/bachelorette parties, anniversaries and more? The type of inflatable you get and how you’ll promote your business depend upon your answer to this question. After all, a company that markets to the 10-and-under set is quite different from one designed to attract Millennials.
Further expansion and techniques
Expanding your bouncy castle rental business can be a great way to increase your profitability and reach more potential customers. Here are some tips to maximize the reach of your business.
First, build a strong online presence. Creating a website is a fantastic way to reach a larger audience. Make sure that your website design is user-friendly and easy to navigate. Additionally, having active social media accounts provides an additional opportunity to engage with potential customers and inform them about your services.
Second, partner with local event companies. Working with event companies can help you get your business in front of more people. You can offer a discount to event companies if they book multiple rentals from you or if you become the official bouncy castle provider for their events.
Third, invest in marketing. Paid advertising can be a great way to reach more potential customers. Additionally, email campaigns and referral programs can help increase your visibility. You can also engage in collaborations with other local businesses to increase your exposure.
Finally, consider expanding your offerings. Offering more than just bouncy castles can help you reach different types of customers. For example, you could offer additional inflatables, games, and snacks. By expanding your business offerings, you can open up your business to more people. Not only you will be generating profit from your business but also you will be carrying out a social service by hiring out these products . As we all know modern day kids likes to be glued to the phones read this article to know more about why you should hire bouncy castles in 2023
By following these tips, you can successfully expand your bouncy castle rental business and reach more potential customers. With consistent effort, you can grow your business opportunities and increase your profits.
Winding up
Hiring out inflatable castles can be a blast! After making your initial investment, watch your profits soar and it will be even more enjoyable to switch up your offerings every two years. If you requires further information on how to optimize your bouncy castle business you can read out other post. Our products guarantee longevity, so you can even make money by reselling them when you’re done with them. Plus, if you have children of your own, you know how thrilled they would be to jump around on these things whenever they get the chance!
We hope this business plan will help you get started in the industry. After taking into account the costs, pinpointing your target audience and sorting out any legal paperwork – you’re ready to take off . We are here to help you and advise you all about the market . read more about why we expand bouncy castle market to New Zealand in this blog post
Curious about the inflatables market? We’ve got all the information you need for a successful bouncing castle enterprise.