EVENT TENT RENTAL SERVICE BUSINESS PLAN SAMPLE TEMPLATE
If you are intending to write a business plan for your tent hire business, then you are the right plan as this post is a rental business plan sample. This I believe can serve as a guide for you to write your own.
Here is a sample business plan for starting a party tent hire business.
BUSINESS NAME: Reluxe Tent Rental Company
Table of Content
- Executive Summary
- Vision Statement
- Mission Statement
- Business Structure
- Products and Services
- Sales and Marketing Strategy
- Startup Cost
- Sources of Capital
Reluxe Tent Rental Company is a registered incorporation that will be located in Miami, Florida in the United States.
The company will be strategically located in an area where there is a high demand for our tent rental services.
The feasibility study that was carried out shows that people in that area are very sociable people who love events that will bring them together to socialize and celebrate. Because of this, they organize various events and parties at regular intervals and are always in need of tents to rent for their events.
However, the number of tent companies available in our chosen location are not sufficient to meet the high demand on ground. We decided to meet this need by establishing Reluxe Tent Rental Company. This is because as a vibrant entrepreneur who is always on a look out for a demand to meet and make money from.
Reluxe Tent Rental Company intends not only to meet the needs of our potential customers but to meet this need in unique and innovative ways that our customers will find convenient and satisfactory. Apart from this, we will make sure that the all tents we rent out to our customers are of the best quality.
We will also make sure that we provide excellent customer services which entails making our customer feel special and attending promptly to their orders.
One of the ways we intend do this is by introducing a one of a kind concept to the business which is having an online shop where people book for their tents and have it deliver to them. This will make things easy for our customers as they can patronize us from the comfort of their homes
The aim of Reluxe Tent Rental Company is to start small with our Florida branch, build a strong business brand and customer loyal there and then expand gradually to other cities in the United States where our services are needed.
The Reluxe Tent Rentals is a family business that will be owned by Smith Livingstone and Kate Livingstone. Smith has a vast knowledge and experience in the party rental industry having worked there for over a period of 40 years.
Kate on the other hand is a business analyst. She has consulted for various companies including party rental companies all over the United State. This power couple intend to come together and use their expertise and experience build a global brand.
The vision of Reluxe Tent Rental Company is to become a global brand having over 100 branches all across the United States within the next 20 years.
The mission of Reluxe Tent Rental Company is to always come up with unique and innovative concepts for our tent rental business. We also intend to always provide our customers with excellent and satisfactory services.
With our vision of building a global brand that will be well known all through the United States, we know that it is expedient to put a viable business structure in place. So, we are going to make sure that we hire employees who are not able willing but are also able to work together with us in materializing our vision. Our business structure will be made up of:
- Chief Executive Officer
- Tent Rental Manager
- Online Shop Manager
- Marketing and Sales Executives
- Human Resource Manager
- Customer Service Personnel
- Store Manager
- Van Driver/ Deliverer
PRODUCTS AND SERVICES
At Reluxe Tent Rental Company, we believe in specialization. This is why rather than dealing with all forms of services provide by party rental companies, we are intending to focus majorly on tent rentals services. So, we are going to be providing the service of renting out tents of various designs and sizes for all occasions.
SALES AND MARKETING STRATEGY
Because we know that marketing is the oxygen of our tent rental business, we are going to adopt effective marketing strategies and embark on aggressive marketing campaigns that will not only helps us to acquire customers but also retain them. We are going to make use of every available online and offline medium to put our business out there so that people can know, like and trust us.
The amount of money we will need to start up our tent rental business is estimated to be $500,000. This will cover everything ranging from cost of registering the business to the cost of renting office space, and the cost of purchasing equipment. It will also cover the salaries of staff for the first three months of operation.
SOURCES OF CAPITAL
Mr. and Mrs. Livingstone, the founders have pooled their resources together and raised the total sum of $200,000. They have already gotten a soft loan of $100,000 from their friends and family and they are applying for bank loan to raise the remaining $200,000.
I believe you found this tent rental business plan sample enough relevant to use as template to create your own business plan. However, it is important you note that for your tent rental business to become successful, you need to do more than planning and writing a business plan, you need to work hard and execute the right strategies.