Party Rental Business

5 Party Rental Business Success Stories [2024]

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Updated: July 23rd, 2024

A party rental business helps people get the products or the services they need to make their party a fun-filled event.

Party rental businesses can include:

Photo booth rental
Renting wedding clothes
Party boat rental
Sound equipment rental
Outdoor equipment rental
Cake structure rental

To start a party rental business, begin with what you know much better. Then as you gain experience, you may diversify to renting other party accessories or partner with experts in different fields.

In this list, you'll find real-world party rental business success stories and very profitable examples of starting a party rental business that makes money.

1. BACH ($6M/year)

Mike Petrakis, the Co-Founder and CEO of BACH, came up with the idea for the app when his lead investor presented it to him. After building successful e-commerce businesses and experiencing viral growth with a waitlist, Petrakis knew he was onto something big and decided to launch BACH, which has now grown to over $1M in net revenue and 40,000+ parties using the app.

How much money it makes: $6M/year
How much did it cost to start: $1M
How many people on the team: 12

We Started A $6M/Year Bachelorette Party App

BACH, an app that plans and books bachelorette parties, has grown from $0 to >$1M net revenue run rate in less than 6 months, gained over 100,000 users in their first 60 days, and has over 40,000 parties using the app this month.

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2. The Party People ($4.8M/year)

Dean Salakas, Chief Party Dude at The Party People, initially got involved in the party business at a young age, working with his mother and grandfather in their small party store. He later launched Australia's first online party store in 1999 and has since grown the business into Australia's largest party store with a multimillion-dollar turnover and a market-leading online presence. Dean's expertise in technology and his passion for parties have been key factors in the success and growth of The Party People.

How much money it makes: $4.8M/year
How much did it cost to start: $500
How many people on the team: 40

Starting A Party Store And Growing Into A Chain

The Party People, Australia's largest party store with a multimillion-dollar turnover, shares insights on how they've grown from a small clown hire business to an online and brick-and-mortar party supply retailer by focusing on customer service and innovating in marketing and technology.

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3. Simply Decor and Events ($420K/year)

Akshay Patel, founder of Simply Decor, Tents, and Events, came up with the idea for his event rental and decor business after throwing a big party with a limited budget. Unable to afford professional decor, Patel made his own decorations and caught the attention of a bride who ended up becoming his first client. Since then, the business has grown, generating upwards of $380,000 a year, and Patel has learned the importance of innovative advertising strategies and standing his ground.

How much money it makes: $420K/year
How much did it cost to start: $500
How many people on the team: 2

How I Started A $35K/Month Event Decor Business

Akshay Patel's event rental and decor business, Simply Decor, Tents, and Events, saw an average ticket price of $2,000, as their advertising budget decreased from $20k to $5k, leading to 40% of their clients coming through social media advertising, 30% from expos, and 30% online in google, yahoo, and other platforms.

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4. Cardiff Vacations ($150K/year)

Julio and Alison Sanchez came up with the idea for their vacation rental business, Cardiff Vacations, after inheriting properties from Alison's parents. They decided to remodel the properties and rent them as vacation rentals to share the beauty of their beach homes with people from all over the world. With an average revenue of $50k per year and property, they continue to focus on their online presence and targeted marketing strategies to attract more guests.

How much money it makes: $150K/year
How much did it cost to start: $30K
How many people on the team: 12

How We Started A $12K/Month Beachside Vacation Rental Business

This case study explores how a couple turned their childhood homes into vacation rentals, welcoming around 3k guests annually and generating an average revenue of $50k per year and property by focusing on a strong online presence and organic traffic.

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5. Denver Pub Crawl ($42K/year)

Tyler came up with the idea for Denver Pub Crawl after experiencing pub crawls in different countries during his travels. He noticed the differences in size and frequency of pub crawls between the US and Europe, and decided to bring the European-style pub crawl experience to Denver. By carefully researching and visiting bars, conducting test runs, and building relationships with partner bars, he successfully launched and grew the business despite the challenges of the COVID-19 pandemic.

How much money it makes: $42K/year
How much did it cost to start: $450
How many people on the team: 1

On Starting A $3.5K/Month European-Style Pub Crawl Business In Denver

Denver Pub Crawl is a US-European hybrid experience for tourists and locals run by Tyler, with operations that not only were able to scale around variables like capacity and number of attendees, but also managed to grow his team from two part-time members to a team of four, including a paid intern, while answering the question of what the future looks like: continuing to push, grow, and create.

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Read by 4,734 founders