7 Party Rental Business Success Stories [2024]

Updated: November 1st, 2023
Start A Party Rental Business

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.

Here are some real life success stories of starting a party rental business:

1. 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 they make: $420K/year
How much did it cost to start: $500
Current team size: 2

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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.

Revenue
Akshay grew the business to $35K/month
Costs
It cost Akshay $500 to start the business
Read by 16,622 founders

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 they make: $4.8M/year
How much did it cost to start: $500
Current team size: 40

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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.

About
Dean started The Party People about 38 years ago
Revenue
Dean grew the business to $400K/month
Costs
It cost Dean $500 to start the business
Read by 8,826 founders

Learn more about starting a party rental business:

Where to start?

-> How much does it cost to start a party rental business?
-> Pros and cons of a party rental business

Need inspiration?

-> Examples of established party rental business
-> Marketing ideas for a party rental business

Other resources

5. InflatableOffice

Party Rental Software to automate your rental business. Book online, automatic emails, digital contracts. Integrates w/Google, WordPress, Quickbooks, Authorize

Where they're located: Akron, Ohio, USA

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6. American Rental Association

Where they're located: Milwaukee, Wisconsin, USA

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7. Capital Online Auctions

Capitol Online Auctions specializes in business liquidations, estate sales and fundraisng auctions, and is the premier resource to buy or sell used restaurant equipment, used party rental equipment, inflatable bounce houses, moon bounces, and office furniture and equipment.

Where they're located: Washington D.C., Washington, D.C., USA

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