Rent Party & Events Venue

Business Idea: Rent Party & Events Venue in 2024

Updated: July 7th, 2024

Avg Startup Costs
$18.9K
Score
75
Market Size
Min Revenue
$3.5K/month
Max Revenue
$500K/month
Avg Days To Build
30 days

Businesses use event venues for various purposes, including meetings, tradeshows, conferences, product launches, etc. On the other hand, individuals host birthdays, weddings, and other celebrations at event venues.

According to the latest statistics, the events industry is growing rapidly. Events provide a great marketing tool for businesses, and events are crucial for strengthening relationships.

The demand for event venues increases as individuals and corporates host more events annually. If you have some unused space and are enthusiastic about hosting events, you can start an events rental business.

To start, choose a niche, and market your business. You can focus on corporate events, social and entertainment events, or general venues suitable for any setting and party theme.

Examples Of Successful Rent Party & Events Venues

Successful rent party & events venue businesses and case studies

Boyd Hollow Resorts is launching a 5-star boutique resort and event center based on a fiction book that will be the first of many Villages to be built around the world, with over 200 event inquiries received before launching.

$500K Monthly Revenue
$10M Startup Costs
Read by 7,500 founders

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.

$500K Monthly Revenue
$1M Startup Costs
Read by 10,585 founders

See full list of successful rent party & events venues.