6 Rent Party & Events Venue Success Stories [2024]

Pat Walls

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Updated: November 1st, 2023

A Rent Party & Events Venue

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.

Here are some real life success stories of starting a rent party & events venue:

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

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 this case study

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Learn more about starting a rent party & events venue:

Where to start?

-> How much does it cost to start a rent party & events venue?
-> Pros and cons of a rent party & events venue

Need inspiration?

-> Examples of established rent party & events venue
-> Marketing ideas for a rent party & events venue

Other resources

Part of

Ing A Rent Party & Events Venue: Everything You Need To Know

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4. Peerspace

The easiest way to book meeting rooms, event venues, filming locations & more. Explore 13,000+ spaces, read unbiased reviews, and find a space near you.

Where they're located: Manhattan Community Board 1, New York, USA
Website traffic: 1.06M/month

5. Eventective

Plan your Wedding, Party, Meeting with Eventective. Find the Perfect Event Venues and Vendors on Eventective.com

Where they're located: Gilbert, Arizona, United States
Website traffic: 1.87M/month

6. Tickets.com

Search and explore the world's live entertainment tickets.

Where they're located: Columbus, Georgia, USA
Website traffic: 5.25M/month