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Mobile Formalwear Rentals

Give your formalwear rental business an edge by making it mobile.

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Business At A Glance

Mobile Formalwear Rentals

Startup Costs: $50,000 – $100,000
Online Operation? No

Business Overview

Take a traditional formalwear rentalbusiness, add wheels, and you have the focus of this businessopportunity. Who says the customer has to come to you? Why can’t you goto the customer? You can, and that is what makes this a unique businessopportunity to pursue. You can offer clients the exact same service andproducts that a traditional formalwear rental business does simply byconverting a delivery van into your operating location. Anyone seekingto rent tuxedos would simply phone in advance and book an appointmentfor you to go to their home or office. Any alterations could even becompleted on site, providing time permits. If not, the tuxedo could bedelivered to the client the following day. Establishing alliances withwedding and event planners will go a long way to secure business asthese professionals can refer your service to their clients.

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Entertainment & Events

Theater Productions

A talented play producer can make money from one of the oldest forms of entertainment.

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Business At A Glance

Theater Productions

Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

Producing theatrical plays is much easierthan you think, and many plays have the potential to generateoutstanding profits even if they’re only small community productions.Producing plays simply means you’re the financial backer of theproduction and you pay for the costs associated with bringing the playto stage.

However, there’s a major benefit for producing these types ofsmall plays–often the performers, directors and stagehands will workfor little or no financial compensation. Just the fact that they’retaking part in the play itself is reward enough. Additionally, manyvenues for performances can also be secured for free, providing thereare benefits for the owner of the venue such as refreshment sales orproduct sales. The key to success in producing a community play forprofit is to retain as much of the ticket revenue as possible whileseeking out ways to reduce or eliminate production costs.

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Entertainment & Events

Houseboat Rentals

Renting out your luxury liner is how you can make your business your escape and your escape your houseboat.

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Business At A Glance

Houseboat Rentals

Startup Costs: $2,000 – $10,000
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

There are numerous options available to youin terms of starting a houseboat rental service. The first option is topurchase the houseboats ($20,000 to $30,000 each secondhand). Thesecond, and more viable option is to locate houseboat owners and see ifthey are prepared to enter their boats into a rental pool that ismanaged and operated by your service.

Houseboat rental rates are in therange of $750 to $1,000 per week and the person who is renting the boatmust pay for additional operating costs such as gas and insurance. Inexchange for the boat owner allowing their houseboat to be used in therental pool, they would receive 50 percent of the rental revenue andpay no moorage or maintenance fees for their boats. You would keep 50percent of the rental fee and maintain the houseboat for the owner.Including operating overheads, boat maintenance, and moorage, a pretaxnet of 20 percent of the total rental fees per year should be theprofit. Providing you have at least ten houseboats in the rental poolthat were rented for an average of 25 weeks each per year, this examplewould leave you a profit of $50,000. The business can be started forless than $10,000 providing you are not intending to purchase thehouseboats.

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Entertainment & Events

Party Entertainment Service

Are you always the life of the party? Make it your business.

Entrepreneur

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Business At A Glance

Party Entertainment Service

Startup Costs: Under $2,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

There is big money to be earned operating aparty entertainment service and providing live entertainment forparties and special occasions’clowns, soloists, musical bands,magicians, singing telegrams, public speakers, spokespeople, acrobats,jugglers, comedians, adult-themed entertainers, and lots more.

Kidsparties, corporate events, social events, graduations, birthdays,anniversaries, weddings, trade shows, conventions, and Christmasparties are a lot more fun when there is live entertainment to keepguests entertained and in high spirits. Entertainers can be employed ascontractors working on an on-call basis, and can be paid by way ofrevenue-sharing; the range of 60/40 in the entertainer’s favor is theindustry standard. Promote the service by running advertisements inyour local newspaper and in the Yellow Pages, as well as by contactingwedding planners and event planners in your community and explainingthe various types of entertainers your service provides, as well asrates. This service can easily be managed from home, and start-up costsare modest, with the bulk of the budget being spent on business setupand marketing to get the telephone ringing with eager customers wantingto book acts for their special occasions and events.

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