Every business established to make profit, does not stop at generating income but also seek measures by which the business can be sustained as well. Select a storefront that in the general area where you want to open up. The lowering of our prices will be done in careful consideration of the before mentioned factors, this is to ensure that we will not run at a loss during the course of lowering our prices to attract customers. The catering industry and the rental industry has a relationship of over three decades that has helped caused a boom in the catering industry. 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. Don’t forget the dance floor or a fashion runway. Paper, tablecloths, plastic utensils and napkins are appropriate for some gatherings. We also intend to carry out performance appraisals so as to promote or give incentives to those who are dedicated at their jobs. We also intend to attend fairs so as to better reach our customers and network as well. Already Own a Catering Equipment & Supplies Rental Business? 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. Starting a catering equipment and supplies rental business is a rewarding experience if you have the creativity and tenacity necessary to be a successful entrepreneur. Simple. Also, we offer various consultation and advisory services to several start-ups looking for guidance into entering this 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. In terms of catering equipment, startup caterers can simply rent items like crêpe machines or chocolate fountains for some events than purchasing their own. 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. We are willing to go a step further by ensuring that our employees are well paid and that they work in a conducive environment. With the right ingredients, your business plan will keep you new venture on course and help you avoid the pitfalls that plague other startup entrepreneurs. 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. Catering businesses can be run from home full or part-time, and earn between $30,000 and $80,000 a year, according to Shmoop. by deciding what kind of food or events you want to specialize in, like appetizers and cocktails or wedding receptions. Also, the innovation in the industry has seen rental companies up their games and offering creative consultation in addition to project management. We offer a friendly, comprehensive guide that may be key to your ultimate success. Rentals often constitute the largest expense for caterers, which is why most caterers seek to build a solid relationship with rental companies. If you have sufficient quality book collection, starting a book renting business is a perfect way to earn handsome money out of it. No matter how elaborate or simple your business will be, it's important to have a dedicated space for meeting clients. 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. 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. All rights reserved. Thinking about opening a catering equipment and supplies rental business? 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. However, as the business grows (as of course, it will!) Technology allows the business become more competitive, offer high end service and maintain its equipment as well. 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. The other way is to contact the houseboat owners who are willing to give their houseboat on rent. The payment options we intend to make available to our different customers are; The above platforms were chosen after a careful consideration in conjunction with our bank, which will ensure that whatever choice our customers pick will be without hitches. You might need to hire a business consultant who would help you carry out this study and evaluate what competition you are likely going to face in the business and if the location you intend to run your business from would be favorable to the 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. Evaluate Competitors. Responsible for ensuring that the rest rooms are kept clean for both staff and visitors. Don’t break the bank by purchasing all your catering equipment at once. The catering equipment hire service is one that has a huge target market that cannot be restricted to certain customers there are more people who are not only caterers that hire catering equipment for various reasons. The rental industry often constitutes more than 60% of the total cost in an event and often exceeds the cost of food as well as the beverage combined. There are always occasions every now and then, however the timing of these occasions are generally better at certain times in the year, which usually sees the catering equipment service getting a surge in demand as compared to other times in the year. One of our main weaknesses is in our location in Manhattan – New York, as there are many other catering equipment services that are located here, thereby making this market a saturated one. Below is a of the SWOT analysis that was conducted on behalf of Zaras Catering Equipment Hire Service in Manhattan – New York. We also intend to ensure that our customers get quick replies to their enquiries, and that any complaints if any are promptly attended to. 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. Ensure that we create a unique logo for our catering equipment hire business, Ensure that our staff wear customized tee-shirts and that our delivery van are emblazoned with out logos and colors as well, Place adverts in magazines, local newspapers, on radio and television stations, Distribute our fliers and paste our handbills in strategic areas, Positioning our flexi banners in strategic locations, Use our social media platforms such as Instagram, Twitter, Facebook, and LinkedIn to promote our catering equipment hire service, Total fee for registering business in the United States of America –, Obtaining licenses and permits, accounting software, as well as other legal expenses –, Purchase of van for delivering equipment to customers –, Insurance coverage – (General liability, workers’ compensation) –, Marketing expenses (Promotion expenses for grand opening (, Operational cost for a period of 6 months (employees’ salaries, bills payments) –, Other start-up expenses (stationery, phone, computers, printers) –, Equipment storage cost (racks, bins, shelves) –, Generating part capital from personal savings. 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