Top 5 Low Cost High ROI Party Rental Items

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Are you considering starting a party rental business but worried about the initial investment? Don't let cost hold you back! In this blog post, we'll introduce you to five party rental items that not only have a low start-up cost but also promise a substantial return on investment (ROI). We'll discuss the price range of each equipment, storage and maintenance requirements, setup personnel, and provide insights into what party rental businesses and event venues are charging for these items in three major US cities. Let's dive in and unlock the potential of your party rental business.

1. Folding Tables and Chairs:

Price Range:

• Folding tables: $30 - $50 each
• Folding chairs: $10 - $20 each

Storage and Maintenance: Folding tables and chairs are easy to store, as they can be stacked vertically to save space. Maintenance primarily involves routine cleaning and occasional repairs for damaged parts.

Setup Personnel: Depending on the quantity, one or two people can efficiently set up folding tables and chairs in a short time.

Average Rental Fees (in 3 Major US Cities):

• New York City: Tables - $8 to $12 each, Chairs - $2 to $4 each
• Los Angeles: Tables - $6 to $10 each, Chairs - $2 to $3 each
• Chicago: Tables - $7 to $11 each, Chairs - $2 to $4 each

2. Popcorn Machine:

Price Range: Popcorn machine: $300 - $900

Storage and Maintenance: Popcorn machines are compact and can be easily stored. Maintenance involves regular cleaning and checking for any malfunctions.

Setup Personnel: One person can set up and operate a popcorn machine with ease.

Average Rental Fees (in 3 Major US Cities):

• New York City: $50 - $75 per day
• Los Angeles: $40 - $60 per day
• Chicago: $45 - $70 per day

3. Inflatable Bounce House:

Price Range: Inflatable bounce house: $800 - $1,500

Storage and Maintenance: Storage can be a bit challenging due to its size, but it's manageable with the right space. Maintenance primarily involves cleaning and patching up any minor tears or holes.

Setup Personnel: Two or more people are typically needed to set up an inflatable bounce house safely.

Average Rental Fees (in 3 Major US Cities):

• New York City: $150 - $250 per day
• Los Angeles: $120 - $200 per day
• Chicago: $130 - $220 per day

4. Portable Photo Booth:

Price Range: Portable photo booth: $2,000 - $3,500

Storage and Maintenance: Photo booths can be disassembled for storage but may take up some space. Maintenance includes regular cleaning and checking for technical issues.

Setup Personnel: One or two people can set up and operate a portable photo booth.

Average Rental Fees (in 3 Major US Cities):

• New York City: $300 - $500 per day
• Los Angeles: $250 - $400 per day
• Chicago: $270 - $450 per day

5. LED Lighting and Decor:

Price Range: LED lighting and decor package: $200 - $500

Storage and Maintenance: These items are compact and easy to store. Maintenance involves checking the lights and decorations for any defects.

Setup Personnel: One person can set up LED lighting and decor items.

Average Rental Fees (in 3 Major US Cities):

• New York City: $75 - $125 per day
• Los Angeles: $60 - $100 per day
• Chicago: $65 - $110 per day

Starting Your Party Rental Business:

Now that you've explored these low-cost, high-ROI party rental items, it's time to take your first steps toward launching a successful party rental business. Here are some essential tips to guide you:

• Market Research: Conduct thorough research on your local market to understand demand, competition, and pricing trends.

• Legal Requirements: Register your business, obtain necessary permits, and consider liability insurance.

• Online Presence: Create a professional website and leverage social media to showcase your rental items and attract customers.

• Customer Service: Provide excellent customer service to build a positive reputation and secure repeat business.

• Storage: Plan a suitable storage solution that keeps your equipment safe and accessible.

• Maintenance: Establish a regular maintenance schedule to ensure your items are always in top condition.

By offering these budget-friendly rental items and following these best practices for your party rental business, you'll be well on your way to enjoying a thriving business with impressive ROI. So, gear up, set your prices competitively, and make a significant impact in the dynamic world of event rentals. Start your party rental business today, and watch your investment grow!