Q: You have to spend a lot of money to start a bounce house rental business, right?
A: One of the biggest questions people have when they start thinking about starting their own bounce house rental business is how much money they’re going to have to spend in order to get the business started. Some people believe that it is like a franchise, where you have to pay a specific amount of money in dues in order to own the business. The reality of the fact is that while you do have to spend some money to start your own bounce house rental business, and granted most of your money will go to the inflatable slide manufacturer that you will purchase your bounce houses from, it really does not cost a huge amount of money to start a bounce house business. Simply purchase the units, get insurance, and start a website and you’re ready to go.
Q: Insurance? Do I really need insurance to start a bounce house rental business?
A: The first thing you should do, even before you have picked which bounce houses and slides you will purchase from the inflatable slide manufacturer, is to look into insurance. Having insurance is extremely important as it protects you from being sued by your clients and also protects you rental items. Some new business owners believe that if they are simply careful they will not have to worry about having insurance, but accidents can happen at any point in time which is why it is extremely important to make sure you have insurance for your bounce house rental business.
Q: I have to like kids to do this, right?
A: Truthfully, most bounce houses are rented by parents to be entertainment at a child’s birthday party, so if you do own a bounce house rental business you likely will be around children. It is extremely important that you are comfortable around children, but you don’t have to like getting down on the floor to play with them to own a rental business. Remember: a vast majority of your clients will be parents renting the bounce house for the party which means you only have to set up and take down the unit minimizing the amount of time you’re around children.
Q: How much time will I have to take off work to own this business?
A: One of the smartest things you can do if you’re starting your bounce house rental business is to continue working while you start the business. It can take a few years for any new business to take off and having a steady income is the best way to remain financially secure. The good news, however, is that most of the time a bounce house we rented on a weekend which means if you work Monday through Friday job, you should have to take absolutely no time off of work to manage your business.