Tent business is a prominent business to start who want to earn more money with less amount of time investment compare to other businesses.
Whether it is a birthday party, ring ceremony, worship at home or marriage all of them have need these items like tent, plastic chairs, decoration pieces, mats and much more.
Can you imagine, these is one of the business which have very less negotiable.
These is the business that as you invest more you will get more returns.
Intially, you can start with less amount after than grow your business, based on creativity and fund availablity. But before you start tent business you need know about key basic knowledge about tent business.
Some requirement like business insights, break even point, profitability, effort to put, risk management, labour management, maintenance of tent items and many more.
Why should you start a tent house business?
The foremost reason to start a tent business, once you establish tent business properly or good brand identity, after then you have very less worry about management.
You can automate business & you have just small eye on how it’s going.
Another important thing that tent business have high profit margins, we discuss further in this blog about profitability.
Right now you have another job or business then also it’s a good time to start as part time. Afterwards you can do as full time basis.
Scope of tent house business
In India, if there is a special ocassion or a family gathering, tent business always in trending. Nowadays rally also organised with large scale and becoming trends day by day.
One important thing to be remember, when income levels are increase people spend more on other things like marriage, cars etc.
Now in india 63% are young generation so you can imagine the opportunity in tent business, in future they marriage, and do much more activities.
How to start tent house business
Step 1: Make a business plan
This business plan make clear understanding of how we will execute the a new tent house rental business.
We can offer a variety of tent sizes and styles to meet the needs of customers for weddings, birthday parties, and other special occasions.
It also includes a range of services, such as home setup & decoration, tables and chairs arrangement, and finally organise the lighting and sound system.
Do your projection of fund raising, marketing plan & labour management.
Lets go ahead for funding.
Step 2: Secure the fund
- Savings: If you have enough personal savings, you can use it to fund your tent business.
- Bank loans: Many banks offer a variety of loans for small businesses. You can apply for a loan the purchase equipments such as tents, lighting equipment, and other inventory.
- Government subsidies: There are many schemes available for starting new business. If you took loan on basis women, you will also get collateral free loan. Go to your nearby gramin bank ask for mudra Loan. They will provide detal guide.
Step 3: Purchase essential things
Before start the tent house business you should need some essential items.
- Firstly, Basic items required are irone rodes and wooden equipment to provide structural strength to the tent.
- To feel more comfortable purchase items like fan, cooler, beds, sheets, carpet and many more.
- After making all arrangements, you have to make food arrangement for guests, it may optional but if you are taking whole order from client decoration to catering services. For food service you need some equipment gas stove, kitchen items like knife, spoons, bowls for serve the items and many more .
- For making more asthetic looks, purchase some lighting arrangement, music system, artificial flowers, beautiful sculpture, welcome board etc.
Most useful items in tent business:
From where to purchase these items?
- First step, ready your tent structural items from nearby workshop.
- Find out best wholesaler that you can get bulk decorative pieces at discount price. You have to regularly find best trendy items so you have one more advantage to establish your brand identity in the market.
- You may choose items online as well to explore more creativity.
Step 4: Arrange the space to keep stock
If you have already space for stock then it’s fine. But you haven’t proper place to stocks arrange it.
The more important thing to note that the space should sheltered in rainy days. In these business biggest loss is early damage of items.
Step 5: Hire the labour force
Hire labour to perform major work for loading and unloading of your equipments, decoration arrangement etc.
Figure out how many people you’ll need for each event and when you’ll need them so you will get help in avoid overstaffing or understaffing.
Step 6: Market your business
Before starting, question comes in mind, how to get orders?
Make your social media presence, make your Google my business account so when people search for these kind of service, you will appear.
Contact people who arranges marriage and parties and collaborate with them, it’s one of the best option to grow tent business.
Run local ads on Facebook and Instagram it will give personal experience to your nearby area’s customer.
Collaboration with social media influencer is trending nowadays, if you are able to create something unique and interesting than it will give initial kick start.
Investment in tent house business
Investment of Tent business is vary based on many factors, but in a general note you can start with minimum 2-3 lakh rupees. Although there is no uper limit but you can go with big tent house business at 8-10 lakh.
Profit in tent house business
This business has one time investment and after you need some maintenance plus replaces damage items that’s all.
Let’s do some basic calculation, if you will get 10 marriage orders in a whole year. Every order price assume 1 lakh rupee, it’s depends on how’s your tent set up, but if you invest 10 lakh intially then you will easily get 1 lakh rupee order.
So total value of 10 order is 10 lakh rupee. Every order have some cost to bear, labour cost if there is 10 labour, 500 rupee to pay, total labour cost 5000.
The transportation cost of one order may reach 5000 rupee plus labour lunch cost and others costs. In general you have to spend 20k to 25k per order.
Your profit margins would be 75k to 80k per order. If you are begginer, you working sincerely easily break even in 2 – 3 years.
If you are starting with small amount 2-3 lakhs you will easily earn 20k to 25k per month.
Risk involved with tent business
The biggest problems faced by tent business owners is many times customer takes service on credit.
Afterwards they didn’t pay so make sure your payment should be clear with terms and conditions.
Second senerio is if your business not going good then what happen? So you have strong plan to execute with your marketing strategy.
Many time your items broken, due less maintenance get big losses. For tent equipment make proper storage system.
Conclusion
The tent house rental business is a viable business opportunity with a strong potential for growth. Business owner can start with a strong management team to countinously gathering experience in the tent house rental industry.
Let’s crack the the code of Tent business!
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