Top Banner
www.nationaleventsuppl y.com Thinking of getting into the Party Rental Industry?
21

What to consider when entering the party rental industry

Aug 31, 2014

Download

Business

Looking for additional ways to increase your recurring revenue? If you're in tool rental, equipment rental, catering, or just interested in what it takes to start a party rental business, check out this presentation on what to consider in order to get started renting out products.
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Page 1: What to consider when entering the party rental industry

www.nationaleventsupply.com

Thinking of getting into the Party Rental

Industry?

Page 2: What to consider when entering the party rental industry

www.nationaleventsupply.com

The party rental and event rental opportunity in Canada is growing…

Page 3: What to consider when entering the party rental industry

www.nationaleventsupply.com

Canadian Tool Rental Market

3

2013 - $725M

Copyright © 2013 American Rental Association and IHS Global Inc.

Page 4: What to consider when entering the party rental industry

www.nationaleventsupply.com

Copyright © 2013 American Rental Association and IHS Global Inc.4

2013 -$197.2M

Canadian Party Rental Market Information

Page 5: What to consider when entering the party rental industry

www.nationaleventsupply.com

Copyright © 2013 American Rental Association and IHS Global Inc.5

2013 -$197.2M

Canadian Party Rental Market Information

Based on these charts we can see that the Party Rental Market in Canada is 15 years behind the Tool Rental market in terms of

revenue

Page 6: What to consider when entering the party rental industry

www.nationaleventsupply.com

6

And poised for growth rates of 2.5 – 5% in the next 4 years…

Page 7: What to consider when entering the party rental industry

www.nationaleventsupply.com

“The public appetite for off-premise catered events remains strong, particularly in Toronto” – Event Rental Group

“The event industry continues to be strong in Alberta; 2013 was a great year for events and we are looking forward to an even stronger 2014” – Special Event Rentals

Source – Special Events Magazine – Nov/Dec 2013

7

Page 8: What to consider when entering the party rental industry

www.nationaleventsupply.com

“Of the 30 Top Rental Companies from across North America, many of them share the same message: Growth is coming back – albeit slowly…the top 30

companies show a 7% boost in revenue over last year’s numbers” – Special Events Magazine, Nov/Dec 2013

8

Page 9: What to consider when entering the party rental industry

www.nationaleventsupply.com

Source: Special Events Magazine

Home interior design and fashion trends driving

tabletop and linen inventory.

Page 10: What to consider when entering the party rental industry

www.nationaleventsupply.com

Why Expand into Party Rental? Complimentary addition to equipment and small

tool rental business Recurring revenue Large potential for growth Large return on investment

Dramatically better returns than tool & equipment rental – product rentals generally priced to return investment cost in 8 – 12 turns,

Some premium items in 1 or 2 turns

10

Page 11: What to consider when entering the party rental industry

www.nationaleventsupply.com

Where will the business come from? Weddings – single largest driver of party and event business Caterers Event Planners Community Festivals, County Fairs Golf clubs Resorts, Hotels, Banquet Halls, Convention Centres Trade shows Corporate events/functions Colleges, Universities And of course, Consumers

11

Page 12: What to consider when entering the party rental industry

www.nationaleventsupply.com

Other business questions to consider How extensive an offering do you want to have?

How will your showroom be set up?

Business Infrastructure investments required

1. Delivery Vehicles, 2. Dish washing systems, 3. Washer/Dryers

How do you plan to store and transport rental inventory?

12

Page 13: What to consider when entering the party rental industry

www.nationaleventsupply.com

What items to start with How extensive an offering do you want to have? Should seriously consider your showroom presentation Business Infrastructure investments

1. Delivery Vehicles, 2. Dish washing systems, 3. Washer/Dryers Storage and transportation containers Tents – are expensive, seasonal and require specially trained

labour – BUT they can be huge money makers Staging/flooring Specialty linens Bouncy castles – liability and safety issues Heaters

13

Page 14: What to consider when entering the party rental industry

www.nationaleventsupply.com

What Rental Items to Start With Folding Tables: Wood or Plastic? Round Tables Plastic – 48”, 60” and 71” Wood – 48”, 60”, 66”, 72”

Banquet Tables Plastic – 4ft (x 24”), 5ft, 6ft and 8ft Wood – 4ft, 6ft, 8ft and 8ft x 42”

14

Page 15: What to consider when entering the party rental industry

www.nationaleventsupply.com

What Rental Items to start with…Cont’d

15

Plastic Folding Chairs

White Resin Folding Chairs

Chiavari Chairs Bistro Chairs

Page 16: What to consider when entering the party rental industry

www.nationaleventsupply.com

What additional items to consider adding Dishes / Cutlery / Glasses & Stemware Tents – are expensive, seasonal and require specially

trained labour – BUT they can be huge money makers Staging/flooring Specialty linens Bouncy castles – liability and safety issues Heaters Whatever your customers are repeatedly asking for

16

Page 17: What to consider when entering the party rental industry

www.nationaleventsupply.com

Information Sources to Follow www.ararental.org – American Rental Ass’n Consider keeping an eye on the following

publications that report on the events / party rental industry− Special Events Magazine− BizBash News− Rental Management Magazine− Canadian Rental Service− International Special Events Society− InTents Magazine

17

Page 18: What to consider when entering the party rental industry

www.nationaleventsupply.com

About National Event Supply One of Canada’s leading event equipment

wholesalers to the party and event rental, foodservice and hospitality industry.

Family owned and operated business with locations including a showroom/warehouse in the greater Toronto area (Mississauga) and a warehouse in Vancouver (Delta).

Regularly ship coast to coast and to rural Canada 

18

Page 19: What to consider when entering the party rental industry

www.nationaleventsupply.com

Why Customers Buy from National Event Supply

19

Page 20: What to consider when entering the party rental industry

www.nationaleventsupply.com

NES - Major product offerings Folding tables – plastic and plywood Folding chairs and Chiavari chairs Porcelain Dinnerware Specialty Platters/Bowls Flatware/Cutlery Glassware – Crystal and regular Newest addition – Linens including Spandex

20

Page 21: What to consider when entering the party rental industry

www.nationaleventsupply.com

National Event Supply

Thank youContact details:

905-795-1667 or800-827-8953

21

www.NationalEventSupply.com

[email protected]