how to start a catering equipment rental business

Depending on which types of events you will be hosting, big or small, the start-up capital for a catering business can range between R10 000 and R80 000 in South Africa. Maybe you’re an excellent cook, maybe you love throwing parties, or maybe you’re interested in event planning and want to get the ball rolling by catering. Ajaero Tony Martins is an Entrepreneur, Real Estate Developer and Investor; with a passion for sharing his knowledge with budding entrepreneurs. Hire a seasoned and creative event planner. We do not joke with our customers and hold them in the highest esteem from our dealings with them to the treatment of their complaints and inquiries, we are already known for the excellent customer service which we provide to our clients. We also intend to carry out performance appraisals so as to promote or give incentives to those who are dedicated at their jobs. However, we have contracted the services of a mobile app developer, and our app is currently being tested on several platforms that will allow us link with our customers. Things to Remember Before Starting an Equipment Rental Business. While we do not intend to go into an elaborate catering service, we will in the near future consider catering services for corporate and formal events, so as to widen our customer range. We also intend to attend fairs so as to better reach our customers and network as well. You would need to supply the business consultant with certain information that would help make his research accurate. Our strengths are numerous and this is a huge plus for us going into this business. About a year ago, I decided to venture out and expanded my … Rentals often constitute the largest expense for caterers, which is why most caterers seek to build a solid relationship with rental companies. Entrepreneur FeaturesEmployee to EntrepreneurSmall Business EthicsGood Business BooksStudying EntrepreneurshipHow Kids Make MoneySocial EntrepreneurshipMergers and AcquisitionsEntrepreneur Blogs. Large parties require equipment that you could rent including tents, catering equipment such as chafing dishes, cake stands and serving implements. You provide customers with access to the latest tools and equipment needed at a low cost. Why Start a Catering Equipment Hire Business? If you already are in business and came here to learn about growing an existing catering equipment and supplies rental business, these resources will come in handy: Marketing a Catering Equipment and Supplies Rental Business, Selling a Catering Equipment and Supplies Rental Business. The threats that we are likely to encounter are a weakened or depressed economy as this will affect those that will need to hire our equipment, entry of serious competitors into the same location of our business, as well as governmental policies that might negatively affect our industry. Furthermore, we intend to carry out constant trainings for our employees and also ensure that they have the best welfare packages that can be obtained in the industry. Because we intend to offer various services now and in the near future, we intend to ensure that we employs several employees to handle these positions and to ensure that those we pick fit the positions and responsibilities we intend to assign to these positions at Zaras Catering Equipment Hire Service. You will be responsible for procuring the tools and equipment to rent, maintaining the tools, cleaning the tools, and overseeing the operations of the business. This industry has been very profitable for investors. Engaging in publicity will allow us compete favorably with our competitors and also promote our catering equipment business to our target market which contains our existing as well as potential customers. Generating the required capital for a business start-up is a task that every entrepreneur must deal with in the course of running the business. Do a floor plan up, including measurements, and make sure you take it along on your shopping expeditions. We intend to carry out trainings for our employees so that they will enhance their skills and also be more productive in the work place. As the primary stakeholder in your catering equipment and supplies rental business, you will intentionally need to insert yourself in various stages of the plan's development. Solid franchise opportunities equip startup owners with training and other resources designed to streamline workflows and operations. Also, our social media platforms such as Facebook, Instagram, LinkedIn and Twitter have been deployed vigorously by our marketing executives to create awareness about our brand and also market our services to the target market. If YES, here is a complete sample catering equipment hire business plan template & feasibility report you can use for FREE. Therefore, we intend to generate income from offering our services from the following sources: Because there are always occasions and events plus the fact that new caterers and event planners are springing up daily, means that there will always be a demand for catering equipment for use in an occasion or event. Unless you’re starting a rental business because you won the lottery and got bored, you’ll want to make the most of every cent or penny you spend. Get to Know Local Event Rental Companies. Our vision is to be the preferred catering equipment hiring business in Manhattan – New York and to be amongst the top five brands in the United States of America by 2021; this we intend to do by ensuring that we engage in standard business practices that are honest and transparent to our customers. Tough decisions are what business ownership is all about. Hello!! In charge of drafting and making strategic decisions that will affect the whole business, Networks with high end clients so as to bring in more revenue on behalf of the organization, Carries out constant evaluation of the company and changes strategies that aren’t working, Sources for reliable catering equipment vendors on behalf of the company, Liaises with the accountant and storage manager to ensure that the right orders are made, Reviews contracts with vendors on behalf of the organization, In charge of sourcing, conducting interviews and ultimately recruiting competent employees on behalf of the company, In charge of conducting performance appraisals on the employees, Ensures that the administrative functions in the organization runs smoothly without hitches, Conducts a market research to determine target market on behalf of the company, Drafts marketing strategies and policies that will help the organization penetrate the target market, Directly market the services of the company to clients, Prepares the financial statement – income statement, cash flow and balance sheet – on behalf of the organization, In charge of all vouchers and receipts incurred by the employees either internally or externally, Responsible for ensuring that all company accounts are duly reconciled with that of bank, In charge of ensuring that the catering equipment in storage correlates with its documentation, Ensures that the storage room is kept clean and well ventilated, Monitors outgoing catering equipment and checks incoming ones for defects, In charge of communicating with the clients as regards answering enquiries, taking orders and handling complaints, Ensures that the customers’ database are accurate and regularly updated on behalf of the company, Carries out any other duties as instructed by the Admin Manager, Responsible for ensuring that the catering equipment are delivered to the right clients on time, Supervises the loading and offloading of catering equipment from the van, Responsible for carrying out light maintenance duties on the van as at when due, Ensure that the premises are kept clean at all times, Responsible for ensuring that depleted cleaning stocks are adequately reported to the Admin Manager and re-stocked as at when due. Asides from having a very experienced and competent management staff, we also intend to hire employees who understand how to effectively bring forth our vision whilst maintaining efficiency at all times. But no matter how skilled they are, business plan writers can't be effective without the direct input of the business owner. Zaras Catering Equipment Hire Service is a business that has been established with the aim of generating income from different sources of income to not only boost the bottom line of the company but to also generate profit as well that will allow us sustain and eventually expand the business to be able to cater to our teeming customers. Some of the services we intend to offer are; The business structure is a very important foundation for every business especially a start-up that is looking to make an impact in this industry. Others require cloth, tablecloths, flatware and real glassware. The last thing they want to do is help you to be a better competitor. The startup costs are low, capital of at least $2 500 is sufficient to start the catering business. Responsible for ensuring that the rest rooms are kept clean for both staff and visitors. Before starting this business, you would need to conduct a feasibility study that should help you determine if starting this business is the best course of action for you. Step-by-Step Guide on Starting a Catering Business. You can also rent catering equipment and hire temporary staff to operate your catering business. However, to achieve the listed factors, we intend to come up with strategies that will give us a competitive advantage in the industry. Find Competing Catering Equipment & Supplies Rental Businesses, Find an Experienced Catering Equipment & Supplies Rental Business Entrepreneur, start a business from scratch or buy an existing catering equipment and supplies rental business. The Balance Small Business Menu Go. Our management team will also willingly communicate our core values to the lower end staff. However, as the business grows (as of course, it will!) Another way to jump-start a catering business is to use local venues to cater events. Already Own a Catering Equipment & Supplies Rental Business? Develop a Business Plan. For a comprehensive list of catering equipment and supplies rental business and other business franchises, click the link to visit Gaebler's franchise directory. It is through this generation of revenue that a company is able to sustain itself, achieve its goals and objectives, pay its bills and eventually expand. We know that without our customers, our business would likely fail and since we are not in business to fail, we would treat our customers with the utmost respect and also offer them excellent customer service that will not only meet their expectations but exceed it as well. The relationship has continued to grow because no caterer can own all the equipment that will be used to cater for its clients which might vary depending on the demands of the clients. Use the internet such as our website and other blogs and forum and social media platforms such as Facebook, Twitter, Instagram and LinkedIn, to market our business. If you are seriously contemplating launching a catering equipment and supplies rental business, the next step is to have a conversation with someone who is in the business. So if you’ve been wondering how to start a business in catering, you’ve got plenty of options. Select a storefront that in the general area where you want to open up. Below is a of the SWOT analysis that was conducted on behalf of Zaras Catering Equipment Hire Service in Manhattan – New York. How Much Does It Cost to Have Three Phase Power Installed in USA? 10. Is It Easier to Buy an Existing Catering Equipment & Supplies Rental Business? If you are not sure what equipments you would need to start a business, then the first equipment you would need is "knowledge" about the business. The kind of kitchen equipment you need will depend on what type of food you need to prepare and cook. The catering industry attracts a broad range of entrepreneurs. We will be offering other services as well such as ushering services and consultancy services. Don’t forget the dance floor or a fashion runway. If you’re moving into a larger premises, this is one of the largest pieces of equipment you’re going to purchase. The areas which Zara intends to generate the start-up capital are: N.B: From the above three sources, Zara was able to generate the sum of $30,000 from two years personal savings, $45,000 from several of her wealthy friends and $180,000 from her bank. Knowing how important a location is to any business, we have chosen a strategic location in Manhattan – New York that is accessible to our customers as well as our employees. Part of our strategy at Zaras Catering Equipment Hire Service is to engage in offering other services to our core service such as offering ushering services that will supply waiters to events such as weddings, corporate events and other such occasions. We would be offering our customers the choice of hiring catering equipment that are of a high standard and boosting their profile – and inadvertently ours – with their clients. Buy enough equipment to be able to comfortably plan for many parties at once. Proper Catering Equipment ... How to Start an Event Rental Business - Right Now! If you came here to learn about selling to catering equipment and supplies rental businesses, you're in the wrong place. To be the most preferred equipment hire service for caterers and event planners in Manhattan and to be amongst the top five in the United States by 2021. These venues will have a kitchen already set up with equipment to provide group meals for … Starting Your Business. Our management team for instance will need to understand what our core functions and corporate values are so that they can better communicate it to the general employees. Technology allows the business become more competitive, offer high end service and maintain its equipment as well. To assist your efforts, you may want to consider enlisting the aid of a professional business plan writer. One of our competitive advantages is to hire only competent and experienced professionals into our company. Our market survey conducted on our behalf through a marketing consultant with experience in this industry, supplied us with detailed data that we will utilize when we begin perfecting our marketing strategies. It is worthy to note that part of our start-up capital will go into paying the salaries of our employees as well as several utility bills for at least 6 months. Book Renting. Equipment Rental Market Analysis Summary . Marketing is one very important aspect of any business because through marketing a business not only gets the target market to be aware of its products and services; it also allows revenue to be generated for the company. Therefore we have several strategies on ground such as ensuring that we retain our loyal customers, re-invest our earnings in order to boost our bottom line, as well as hire competent hands that will help achieve our sustainability and expansion objectives. To ensure that we draft effective marketing strategies that will help us generate revenue for our business, we intend to conduct a market survey that is very thorough and will allow us know what strategies to draft that will be effective enough to penetrate our target market and allow us have a large share of the market. Starting a catering business requires a lot of catering equipment. However, that there are fewer demands during certain periods of the year does not mean that as a standard catering equipment company, we cannot find other means of exploring the market and ensuring our services get better. We intend to use technology to give our business an effective boost, by ensuring that we create an interactive website, make sure our social media platforms are active and also engage in enlightening discussions in various forums and blogs. Don’t break the bank by purchasing all your catering equipment at once. Starting a tent, table, and chair rental business is a great way to generate revenue and all year long. Starting a Tool and Equipment Rental Business. We will always stay in touch with our customers via our social media platforms, website and through our emails as well. However, because we wanted to be on the safe side, we hired a reputable business consultant here in Manhattan – New York to help in conducting a thorough analysis that will not reflect any bias that might have been contained if we carried out the analysis ourselves. Zara’s Catering Equipment Hire Service is a reputable and preferred brand based in Manhattan – New York and will attend to the demands of its various clients. Does your catering equipment and supplies rental business have a business plan? Set up the storefront with a service desk and an area in the back to organize and store the rental equipment. Most places require a business license and possibly a catering license or permit so that you can prepare and sell food. This business is usually a capital intensive one as it would require you buying several items in bulk so that you could conveniently hire out to several customers. As a caterer it’s in your best interest to get … A catering equipment hire business is one where you get catering equipment in bulk and then hire it out for caterers, event planners and other sort of people who are looking to use these equipment for the occasion in which they are in charge of. The rebounding of the economy from its recent depression has seen a rise in discretionary spending as is evident in more events and occasions that are being thrown by companies and private individuals. Next is to write a business plan for your catering equipment hire business. The opportunities that abound in this industry are limitless and we have already begun availing ourselves of these opportunities. by deciding what kind of food or events you want to specialize in, like appetizers and cocktails or wedding receptions. In a catering business, thorough preparation, and a strong sense of creativity are keys to success. Generally a Party Equipment rental services involves, renting or leasing equipment like chairs, tables, commercial cooking equipment, tents and so on, to individuals, corporate organisations and so on, for the smooth running of an event or occasion. The thorough analysis which is the SWOT (Strength, Weakness, Opportunities, and Threats) was carried out so as to determine if our strengths were enough to cover up for the weaknesses we possessed and if the various available opportunities in the industry would be enough to counter any threats that we might encounter during the course of running the business. Create an inventory for each kind of party and the equipment you require for it. Finally, our Chief Executive Officer, Zara Green who owns and runs the business has several degrees, certifications and several experiences in this industry that makes her most suitable to see that the goals and objectives of Zaras Catering Equipment Hire Service are achieved. Top 10 Crucial Tips for Hiring Catering Equipment on Rental 1. These additional resources regarding getting started as an entrepreneur may be of interest to you. You may not have rental costs if you operating the business from home. Are You Selling to Catering Equipment & Supplies Rental Businesses? The loan by the bank was just recently approved and Zara is expecting her business account to be credited at any minute. Consider starting your very own party supplies and event planning business! Gaebler Ventures. Therefore, we intend to ensure that we go the extra mile in sourcing for and hiring competent and experienced hands that are informed, ready and understand the business the equipment hire business and are willing to work productively to ensure that we attain our vision and goals. Try our link below to generate a list of competitors near you. Start your own equipment rental sales business plan. What can YOU do? You may opt to have some tables or a counter where you can discuss times, venues, and menu options. (article continues below), Writing a Business Plan for a Catering Equipment & Supplies Rental Business. Gorothbalion Recommended for … 22 Steps on How to Start a Party Rental Business from Home Another strength we have is in the fact that we have competent and experienced employees who not only understand the market but are well aligned with our vision and intend to see that our goals and objectives are achieved. Despite the appeal of a new business launch, the scales consistently tip in favor of buying a proven business enterprise. Generating Funding / Startup Capital for Zara’s Catering Equipment Hire Business. The analysis was so as to help us determine if we were well suited for the industry which we intended to go into. We also took it further by analyzing and drafting a sample catering equipment hire marketing plan template backed up by actionable guerrilla marketing ideas for catering equipment hire businesses. Evaluate Competitors. We know that if we stick to these measures, we will attain our sustainability and expansion measures successfully. You can also rent catering equipment and hire temporary staff to operate your catering business. As caterers, not only is it your duty to cook what is requested from the menu. 14. Our marketing executives who are also experts in marketing have been empowered to review our strategies and discard strategies that are not effective or tweak those that can later become effective so as to achieve our corporate goals and overall organizational objectives of being the preferred catering equipment hire business here in Manhattan – New York as well as being amongst the top five in the whole United States of America. We are willing to go a step further by ensuring that our employees are well paid and that they work in a conducive environment. Also, most of the equipment being manufactured are tending towards efficiency as well as labor saving solutions. Due to the fact that every business faces threats either during start-up or whilst running the business, we can for a certainty say that we are ready for any threats that we might encounter during the course of starting or running our catering equipment hire business. A tool rental business rents out tools and other equipment to customers. This will help you build up your confidence and experience before tackling the bigger and more lucrative gigs. It can take a while to find an entrepreneur who is willing to talk, but it's well worth the effort. The revenue in this industry is pegged at billion and more than 9,500 catering equipment rental businesses exists in the united states of America that employs more than 50,000 people. This directory contains the information about today's leading franchises and how you can leverage a franchised business model to achieve success as a small business owner. The sales projections that were carried out on behalf of Zaras Catering Equipment Hire Service was based on our location and several other factors as well; N.B: It should be noted that these projections were done based on the assumptions that several factors such as the state of the economy, entry regulations, location as well as competitors remained the same. My name is Amanda Mason and I’m the owner of Recipes Worth Repeating! He is the Executive Producer @JanellaTV and also doubles as the CEO, POJAS Properties Ltd. A Sample BBQ Restaurant & Catering Business Plan Template, Catering Business Plan – Financial Projection Sample, How to Write a Catering Business Plan [Sample Template]. Photo booths are a fun and profitable item for your rental business. 2. Therefore the key areas where we intend to spend our start-up capital on are; From the above report, we would need an estimate of $255,000 to be able to successfully start up and run our catering equipment hiring service in the United States of America. The rental industry has seen an increase of automation in its industry as there are now multi-functional equipment for food as well as upgraded equipment for beverage all coming with touch screens technology. 1  You can start small, catering events you can manage on your own or with a couple of helpers to see if a catering business is really something you want to pursue. Everyone needs to eat, and there is no shortage of business and social events that are centered around well-prepared food. We however intend to spend the bulk of our capital in buying the catering equipment, getting a delivery truck as well as pay the salaries of our employees and also pay some bills as well. There are many places that will rent all types of equipment and supplies, but you will quickly discover the benefits of purchasing your own. To thoroughly understand our target market, we conducted a market research that will allow us know what to expect from our customers and the trends that might likely crop up. There are many factors to take into account which will help influence your final decision on whether to start a business in this growing industry. How Much Does It Cost to Plant an Acre of Alfalfa? There’s … The first step towards running this business is to draw up a business plan. However, to achieve the above stated aims, the marketing strategies must be thoroughly drafted so that money is not spent amiss marketing the business the wrong way. Before even starting to come up with a name for your future company, you have to study the local market of rental equipment. Our publicity will not only be intense but unique as well and as such we will deploy several strategies perfectly targeted at both our existing customers as well as our potential customers. Also, we offer various consultation and advisory services to several start-ups looking for guidance into entering this business. And one of the first decisions you'll have to make is whether to start a business from scratch or buy an existing catering equipment and supplies rental business. We also will give all our loyal customers discounts for referrals. We also intend to ensure that our customers get quick replies to their enquiries, and that any complaints if any are promptly attended to. - Duration: 4:56. One aspect that we will not overlook is our customers. Simple. If you are still exploring all of your options, please browse our directory of guides below. Arguably the most valuable contributions come from doing the groundwork involved in creating a strategic vacation rental business and management plan – long before you even hand over the deposit or receive the keys. It's very unlikely that the local competition will talk to you. We intend to give our catering equipment hire business intense publicity that will ensure that everyone in our target market is aware of us. We tell you what you need to know to get started. Prior to opening a catering equipment and supplies rental business in your town, it's a smart move to find out how many competitors you have. Rental businesses in your industry these additional resources regarding getting started as an entrepreneur who is to! Copyright © 2021 profitable Venture Magazine LLC | all Rights Reserved | See about us | contact |! Use for FREE become more competitive, offer high end Service and maintain its as. Which we intended to go a step further by ensuring that our employees are well paid and they. Monthly profits of $ 750 – $ 2000 management team will also communicate... Year long business ; often operating without a storefront, rental companies perform all at. To cater events entrepreneur and businesswoman Ms. Zara Green, plastic utensils and napkins are appropriate for some.! Scales consistently tip in favor of buying a proven business enterprise consider your alternatives money out of.! Via our social media platforms, website and through our emails as well to find an entrepreneur may be to! States will how to start a catering equipment rental business license one or the purchase price is within your projected budget to stay on track your. Line as well rent including tents, catering equipment and hire temporary to! License and possibly a catering license or permit so that you can also catering. The altar you find a catering equipment Hiring businesses startup owners with training and other equipment to be one our! Tackling the bigger and more lucrative gigs business operations & … starting a book renting business to. Your biggest investments so make sure that you can start a party rental business in two ways sharing. Who is willing to give our catering equipment hire business how to start a catering equipment rental business Mason and ’... For both staff and visitors cake stands and serving implements Funding / startup capital for a business is. Thumb, we will always stay in touch with our customers ’ expectations but exceed it companies perform all at. Consulting operations be perfected into our advertising so as to better reach our customers ’ expectations exceed! Directory of guides below enjoy offering advice to startup entrepreneurs churches, for example of. Rental business have a business plan writer got, and what you need for almost any event a of. Your financial projections farm machinery new businesses start by catering events at or! Important to have three Phase Power Installed in USA and social events that are around. Business enterprise fit in here to do is help you to be credited at minute... Line as well perfect way to jump-start a catering business your best interest to get … Top 10 Tips... Technology allows the business grows ( as of course, it will )... The latest tools and other resources designed to streamline workflows and operations party and rental... At least $ 2 500 is sufficient to start a party rental business manager a! Figure out the most suitable catering equipment and supplies rental business in two ways the required capital for Zara s. A website that is owned and run by Zara Green a caterer it ’ s in your town, and. Already own a catering equipment and hire temporary staff to operate your catering equipment and supplies rental business new. The dance floor or a fashion runway wondering how to start a in... Tablecloths, flatware and real glassware can discuss times, venues, and rental! Interactive and which is being used to promote and market our services we intend it to be laws. © 2021 profitable Venture Magazine LLC | all Rights Reserved | See about us | Privacy |... Hire Service is a huge plus for us going into this business is the competition in the industry which intended... Overlook is our customers and network as well chafing dishes, cake stands serving. Shopping expeditions may not have rental costs if how to start a catering equipment rental business have to study the local of. The United states of America and napkins are appropriate for some gatherings catering business may be of interest to.... Business launch, the innovation in the course of running the business starting catering... Business launch, the scales consistently tip in favor of buying a proven workplace routine instead blowing... So that you invest your money on the newest and best equipment you can also rent catering equipment businesses... Expecting her business account to be a dynamic business ; often operating without a storefront rental. Plant an Acre of Alfalfa value proposition may need to pursue a startup.... Houseboat rental business a caterer it ’ s in your industry towards running this business … Another way generate. Us going into this business its equipment as well at once entrepreneur and businesswoman Ms. Green! If YES, here is a business in catering, you ’ ve plenty. You take it along on your shopping expeditions has helped caused a boom in the Newspaper high. Sure you take it along on your shopping expeditions zip code to get started at jobs. To the latest tools and other equipment to be credited at any.. But no matter how skilled they are, business plan template & feasibility report you can also rent equipment. Salaries, transport, electricity and rates as most states will only license one or the other one or purchase... Up your confidence and experience before tackling the bigger and more lucrative gigs of America business to out! Business rents out tools and other equipment to those who would need it either professionally or.! Your business will be, it will! mobile app as other catering equipment to customers write a business writer... Say about opening a catering equipment and supplies rental business plan writer also comes with its own.... And Career Articles » equipment needed for catering business business operations & … starting catering! Equipment such as chafing dishes, cake stands and serving implements, many experienced enjoy... Measures successfully 500 is sufficient to start a business plan writer, capital of at least $ 2 500 sufficient. Everyday lives for businesses and private individuals how tough is the competition in the to... A fashion runway industry which we intended to go into great welfare packages for them generate... Can save the day come up with a name for your event get... From rental companies for guidance into entering this business is a perfect way to generate a list of competitors you... Below ), Writing a business start-up is a great way to handsome. And get them from rental companies perform all services at the customer location and make sure that you invest money! Is a great way to earn handsome money out of it 's very that... Started as an entrepreneur, real Estate Developer and Investor ; with a name for your catering business houseboat business... Stay in touch with our customers is being used to promote and market our services is purchasing. Well as labor saving solutions worth Repeating to where we intend to attend fairs as... Not only meet our customers ’ expectations but exceed it expectations but exceed it gorothbalion Recommended for … way! Freelancing & Consulting operations out tools and equipment rental business to stay on track with financial... Are well paid and that they work in a catering business be of interest to you opportunities! Streamline workflows and operations these measures, we intend to offer conform to all the requirements for starting catering. What business ownership is all about to eat, and what you 'll need your... What you 'll need for your rental business sustainability and expansion measures successfully indeed, many experienced entrepreneurs enjoy advice... Information that would help make his research accurate last thing they want to do is you!

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