Ever wanted to start a UA-cam Channel for your business or need a content manager for instagram reels? Let me help you like I've helped dozens of entrepreneurs start, grow, and monetized their channel to create a new source of income and increase their sales plus grow their personal brands and following. DM on IG here: instagram.com/reyestheentrepreneur/
Not enough credit goes to you Reyes, you let the person say what they have to say without interrupting him and asking him the most important questions we all want to know, so big ups man keep it up!
Probably the biggest expense he overlooked, the one that punched me the hardest, was his actual inventory. Some of those chairs he showed us cost close to $100 per chair. You might think "$100 per chair ain't bad, a few parties will cover that" but that's "per" and you wont need just one. dude has dozens and dozens of them. As reyes mentioned tho, he's been in business for over a decade. It doesn't happen overnight.
When you start up depreciation is the largest expense, but after a couple years its LABOR. Labor ranges, in the industry, between 30 and 40% of gross revenue. It takes about 30 rentals on a chair before you see any profit from them, at his price point it will be more like 45.
@@Percules15 How many years experience in the event equipment rental industry do you have? If Zero go work for a company or two for at least 4 years full time before you start one. The vertually everyone of these yourtube rental outfits are a joke and their advice is horible. How do i know? I started in the industry in Feb of '93 and have owned my own company for 20 years. If you have been in the industry concentrate on your website. DO NOT copy the look of anyone. Make it simple, easy to navigate with photos of you rentals. DO NOT list prices, biggest mistake ever. 70 to 80 % of owning and running a rental company is the operational end. This is not a learn as you go industry. This is also not a high margin industry so having your shit together before you start one is massively improtant.
@@Percules15 I hate to be the one to break it to you but this ain't the industry to try and run as a side hustle. Cutting lawns, walking dogs.... i crap you not, will make you more money as a side hustle than this will. And you won't have jack S for liability. If you really want to start a real business in this industry go work for one or two other companies for four years, you get to earn while you learn. At the very least you will see what not to do which is worth its weight in gold. Without exception every youtube video I've watched from some dumb schmuck running a "rental company" like TRB, that bartending twat, Marvin the meat head.... what they have in comon is they are all talking out their ass. If you ever hear anyone tell you the 1/10 th for pricing realize that dates back to the 1960's when ALL event rentals came from general equipment rental companies. Think bobcats and hand drills. 1 listing prices tells your idiot in the same market as you what you are charging, it leads to down ward pricing presure. Note: the majority of price competitive small rental companies don't have any value as a business, they only have inventory auction value at best. 2 when you are busy as all hell and any work added will be on overtime hours why on gods green earth would you charge the same price? You are paying time and a half for labor, margins in the industry almost never go above 10% and labor ranges between 30 to 40% of the rental price....in this case I'll let you do the math to see how posting prices is stupid. 3 they want it early but only want to pay the one day rate. Skip the arguement, get the date they want it and the date they want it picked up and give them a quote for the job. 4 not posting prices on line means you quote them based on the particulars of the job... news flash some jobs you don't want and you can price it acordingly. If you realy want to get into the industry go work for someone else then start your company, otherwise your just waisting your time and energy. That same time and energy you could apply to your existing job for raises and promotions. If you can't take the time to aprentice in an industry you damn sure have no business starting a company in that industry.
Thats cool that these people feel comfortable showing how much they make i remember in school for career day the people wouldnt want to discuss their earnings very inspirational non the least
I use to do this when I was in high school.. The dude I use to work with use to rent jumpers tables chairs and table cloths.. Dude use to make a lot of money... But its a lot of work.. You have to clean the jumpers clean the tables and chairs and wash the table cloths and iron it.. Dude use to have to big storage rooms...Good old days
i started with 15 chairs and 2 tables. 9 years on, and i now have 250 tables, 4000 chairs and 85 marquee structures. hard labour, long hours but great money and you get to work outdoors in the summer - not great in the winter lol
I’ve always been tempted to do this. My friend does this as a business, but I see how busy he is all day everyday until 10 and I question if it’s all worth it if he doesn’t really get to see his kids that often. It’s definitely a labor intensive job.
Just do it, I mean you could do it for Friday through Sunday now that could be 18,000 g's more or less! Who in this freaking world is going to pay you that amount of money for three days?! Now let's say you do it for a year that's a total of over 2M! 2 mother...Mill! Man you could retire in a year ha ha it sounds nonsense but it's real life!
Thank you for the ideas Reyes I'm currently working just saving a bunch of money for a potential business I can start that doesn't take alot of skill and all it takes is a big investment to start, I have no idea what I can do yet but you give me ideas
The math is incorrect, he overlooked the cost of inventory, cleaning supplies, not to mention days of labor. I work in the industry and trust me it's days of labor. You really only bring money in on 2 or three days (Thurs,Fri,sat) Sunday is all picking up same with Monday so no money comes in at all and you've wasted fuel and labor. Then you have a day full of cleaning and prepping for the events coming up that's where you spend on labor and cleaning supplies) so again no money coming in but money going out. Then one day off is usually what companies give you. So yes you only get one day off usually no breaks except a lunch and employees make around 100 to 200 per day but that's usually not taxed which also means no benefits. As an owner sure a good amount comes in but your constantly having to buy new trending items, and paying more days to employees with only 2 or 3 days of money actually coming in. So owners usually go one of 2 routes, they either charge a lot more to customers or they do a lot more rents for cheap price. Both have their positives and negatives 😅 good luck, personally after almost a decade in the industry I'm quitting soon
4:20 reyes was setting up for him to say gas lmao, great video though, just goes to show how many good business opportunities are out there that people might not even think of, renting party equipment would never have crossed my mind
I want to know how Much he spends on truck notes, storage fees, gas fees on all trucks , inventory cost . He had to buy all those chairs and tables and they aren’t cheap
Your channel seems to have really blown up! I’m starting up as a youtuber. Used to do vinal decals, cnc machine for craft business. Thanks for sharing!
My grandpa and dad started this business 35 years ago in a little town in North of Mexico, then my dad got the business and he can raised up my two brother and me with my mom. It's a great business and you can get good earnings when you give a good customer service and quality in the products.
@@armorplates8848 5k is way too high...My pops does the same type of business. If you already have a Box truck,Work van or truck/trailer you could easily spend 1k or less on used chairs and tables. Over time you grow your inventory and equipment.
I'm in the business and it was bad. 2019 was a good year but the moment COVID was mentioned to be in the US our customers out of fear cancelled all their events.
He didn’t ask some questions like, how does he get his customers? Website? Ads? Etc. what would he suggest for someone starting out in this business. Overall good video
As a regular person how are you going to find the money and stock and have time to go searching for the tables and chairs needed for a large event, also why would you buy it and be stuck with them when you can hire it and it gets delivered and taken away for you when you can sit on your porch with a beer
Please inform me the size tables you have ??? And what they are? Also how much you paid for each. I'm in FL and want to get this going. Also the chairs u have
Simple plan for not overworking yourself everyday long hours is maybe only have a few tables and chairs and only rent out on weekends. That’s when most parties tend to be anyway. Just a personal opinion…
And you are wrong, really really wrong. Its not an industry you can make any money at just working the weekends. When do you think you do the cleaning, repairs and loading? When do you take calls and reply to emails?
Renting tables and chairs is a big business. Also dishware and tents. 500,000 a year, all you need is a storage container for storage. No cap!!!! It's basically 3-4 parties a week!
He, Party Rental Creations, is not doing 500 K a year. At his price point he is at best 300K, very best. His net will be around 30k profit at best, assuming he pays himself a salary. If he doesn't pay himself 70-85K net at best.
Ever wanted to start a UA-cam Channel for your business or need a content manager for instagram reels? Let me help you like I've helped dozens of entrepreneurs start, grow, and monetized their channel to create a new source of income and increase their sales plus grow their personal brands and following. DM on IG here: instagram.com/reyestheentrepreneur/
Not enough credit goes to you Reyes, you let the person say what they have to say without interrupting him and asking him the most important questions we all want to know, so big ups man keep it up!
Reyes “accidentally” showing up in sandals to the work site is to funny
😂😂😂😂😂
@Martin Ocampo it's unprofessional and lazy asf. Step it up Reyes
How convenient🤣🤣
Nah lmao he's there to record the buisness and give out knowledge not bust his butt 🤣🤣🤣
Props to this business owner, he such a hard working guy
ua-cam.com/video/HVPhdNp1dKQ/v-deo.html
You’re funny as hell bro. “I thought you were Mexican, I’m not THAT Mexican” 😂😂😂
Probably the biggest expense he overlooked, the one that punched me the hardest, was his actual inventory. Some of those chairs he showed us cost close to $100 per chair. You might think "$100 per chair ain't bad, a few parties will cover that" but that's "per" and you wont need just one. dude has dozens and dozens of them. As reyes mentioned tho, he's been in business for over a decade. It doesn't happen overnight.
When you start up depreciation is the largest expense, but after a couple years its LABOR. Labor ranges, in the industry, between 30 and 40% of gross revenue. It takes about 30 rentals on a chair before you see any profit from them, at his price point it will be more like 45.
What's the best way to start advertising? Can I start with a few tents, tables and chairs?
@@Percules15 How many years experience in the event equipment rental industry do you have?
If Zero go work for a company or two for at least 4 years full time before you start one.
The vertually everyone of these yourtube rental outfits are a joke and their advice is horible. How do i know? I started in the industry in Feb of '93 and have owned my own company for 20 years.
If you have been in the industry concentrate on your website. DO NOT copy the look of anyone. Make it simple, easy to navigate with photos of you rentals. DO NOT list prices, biggest mistake ever.
70 to 80 % of owning and running a rental company is the operational end. This is not a learn as you go industry. This is also not a high margin industry so having your shit together before you start one is massively improtant.
@@edwo6648 thanks, but I want to start this on the side with just a few items and go from there. Why is listing prices bad? You lose leads?
@@Percules15 I hate to be the one to break it to you but this ain't the industry to try and run as a side hustle. Cutting lawns, walking dogs.... i crap you not, will make you more money as a side hustle than this will. And you won't have jack S for liability.
If you really want to start a real business in this industry go work for one or two other companies for four years, you get to earn while you learn. At the very least you will see what not to do which is worth its weight in gold.
Without exception every youtube video I've watched from some dumb schmuck running a "rental company" like TRB, that bartending twat, Marvin the meat head.... what they have in comon is they are all talking out their ass. If you ever hear anyone tell you the 1/10 th for pricing realize that dates back to the 1960's when ALL event rentals came from general equipment rental companies. Think bobcats and hand drills.
1 listing prices tells your idiot in the same market as you what you are charging, it leads to down ward pricing presure. Note: the majority of price competitive small rental companies don't have any value as a business, they only have inventory auction value at best.
2 when you are busy as all hell and any work added will be on overtime hours why on gods green earth would you charge the same price? You are paying time and a half for labor, margins in the industry almost never go above 10% and labor ranges between 30 to 40% of the rental price....in this case I'll let you do the math to see how posting prices is stupid.
3 they want it early but only want to pay the one day rate. Skip the arguement, get the date they want it and the date they want it picked up and give them a quote for the job.
4 not posting prices on line means you quote them based on the particulars of the job... news flash some jobs you don't want and you can price it acordingly.
If you realy want to get into the industry go work for someone else then start your company, otherwise your just waisting your time and energy. That same time and energy you could apply to your existing job for raises and promotions. If you can't take the time to aprentice in an industry you damn sure have no business starting a company in that industry.
Thats cool that these people feel comfortable showing how much they make i remember in school for career day the people wouldnt want to discuss their earnings very inspirational non the least
That's right great to see people putting in hardwork and getting that feeling of accomplishment...
Damn reyes almost at half a mill, he really getting it out the mud , congratulations Reyes 🎊
Yeah, he’s GANGSTA for that
I use to do this when I was in high school.. The dude I use to work with use to rent jumpers tables chairs and table cloths.. Dude use to make a lot of money... But its a lot of work.. You have to clean the jumpers clean the tables and chairs and wash the table cloths and iron it.. Dude use to have to big storage rooms...Good old days
Me watching this right now after my back hurting after a 14hr day in the party rental business 🤣
“I’m not that Mexican” is priceless!😂
i started with 15 chairs and 2 tables. 9 years on, and i now have 250 tables, 4000 chairs and 85 marquee structures. hard labour, long hours but great money and you get to work outdoors in the summer - not great in the winter lol
Jus like the construction, stack up and save and be good in the winter👍🏽
Did you hire help once you scaled up?
Where are you from homie? I’m thinking of starting this business in Phoenix, sunshine year round!
Great job! The American way. Wishing you continue success.
Congrats! Great business model !
Good content Reyes 👌 the Event Rental Business is very Profitable thats why I'm still in it 💪
You should start all these different type of businesses on the side
I’ve always been tempted to do this. My friend does this as a business, but I see how busy he is all day everyday until 10 and I question if it’s all worth it if he doesn’t really get to see his kids that often. It’s definitely a labor intensive job.
get employers to handle the stuff this guy is doing then you scale and handle accusition and scaling
Is it good money
Just do it, I mean you could do it for Friday through Sunday now that could be 18,000 g's more or less! Who in this freaking world is going to pay you that amount of money for three days?! Now let's say you do it for a year that's a total of over 2M! 2 mother...Mill! Man you could retire in a year ha ha it sounds nonsense but it's real life!
@@CarDaddyOfficial did uwatch the video
@@anthonyrobledo6008 why dont you do it then lol
Something I can relate to, thanks reyes. Got a similar business out here in tne valley as well
Thank you for the ideas Reyes I'm currently working just saving a bunch of money for a potential business I can start that doesn't take alot of skill and all it takes is a big investment to start, I have no idea what I can do yet but you give me ideas
I'm in the same position.
Trash hauling business since people want a lot of stuff to throw away or detailing
Power / Soft washing.
Very insightful video. That job is no joke.
I see a lot talking about hard work.......
This looks smart to me and many need a workout anyways 💯✨
Thanks
Dudes a freaking hustler😎
Man I’m Mexican and need HELLA subtitles for this bideo
Reyes: I tried to use the bathroom but there was a chair in there😆
I remember I wanted to get into the party rental business something I would love to do as a side job
Then do it
Some of that free 99 knowledge 👌🏽👌🏽👌🏽👌🏽
Nice biz. Keep it up, true hard working American guy.
The math is incorrect, he overlooked the cost of inventory, cleaning supplies, not to mention days of labor. I work in the industry and trust me it's days of labor. You really only bring money in on 2 or three days (Thurs,Fri,sat) Sunday is all picking up same with Monday so no money comes in at all and you've wasted fuel and labor. Then you have a day full of cleaning and prepping for the events coming up that's where you spend on labor and cleaning supplies) so again no money coming in but money going out. Then one day off is usually what companies give you. So yes you only get one day off usually no breaks except a lunch and employees make around 100 to 200 per day but that's usually not taxed which also means no benefits. As an owner sure a good amount comes in but your constantly having to buy new trending items, and paying more days to employees with only 2 or 3 days of money actually coming in. So owners usually go one of 2 routes, they either charge a lot more to customers or they do a lot more rents for cheap price. Both have their positives and negatives 😅 good luck, personally after almost a decade in the industry I'm quitting soon
What will you be doing with your inventory when you leave?
@@SandraSalazar company will remain and ran by other people meanwhile royalties will continue to pay me out every month
Hello to Reyes...from London.
Here for the Free 99 knowledge. Reyes trying to help with chanclas lmfao HAHAHAHAHA!
4:20 reyes was setting up for him to say gas lmao, great video though, just goes to show how many good business opportunities are out there that people might not even think of, renting party equipment would never have crossed my mind
Yes he was about to talk about the gas ⛽ 😆 🤣
Reyes is awesome! I want to see him cleaned up in tux not chanklas all the time 🤞
I want to know how
Much he spends on truck notes, storage fees, gas fees on all trucks , inventory cost . He had to buy all those chairs and tables and they aren’t cheap
Your channel seems to have really blown up! I’m starting up as a youtuber. Used to do vinal decals, cnc machine for craft business.
Thanks for sharing!
I do the same; Cricut, Glowforge. Looking for something with a higher ROI :)
Damn Reyes got excuses...been late...my back...and homie just laughs! LOL
Them better be the most comfortable chairs of all time
that title "1,2000"
U don't always need maths to be a true g
😂🤣😂
My grandpa and dad started this business 35 years ago in a little town in North of Mexico, then my dad got the business and he can raised up my two brother and me with my mom. It's a great business and you can get good earnings when you give a good customer service and quality in the products.
BUT REYES WHAT ABOUT THE GAS REYES WHAT ABOUT THE GAS!!! - if you know you know.
These businesses on the side will actually make you more money.
Bro that’s good money, I know ppl who have a grocery store and have a lot larger initial investment with equipment and stuff that make about the same
we do the same here in kenya. The margins are not that lucrative, but we get by.
Bro said naw I'm not that Mexican 🤣🤣
That's great he has people that would pay that much! Shiiiittt ..i get tables, chairs, and jumper under 200. Lol.
Under 200$ 😮 let me guess u live in a border town.
looks fun if the pay is good. Im 25 and id do this if i was in cali
LOL HE SAID HE TRIED TO USE THE REST ROOM AND THEIR WAS A CHAIR IN THERE
The look when he said he doesn't have free days 😅😂
The laugh at 2:51 is how all rich people laugh
Great content bro
$6000 in a day for that wtf 😂😂😂
I’m not that Mexican 😂💀
Just found this homie… love the personality + energy 👊🏼
You may wanna remove a ZERO reyes, I thought 12,000 lol
How much was his initial startup cost and how did it look when he began?
5k at least
@@armorplates8848 5k is way too high...My pops does the same type of business. If you already have a Box truck,Work van or truck/trailer you could easily spend 1k or less on used chairs and tables. Over time you grow your inventory and equipment.
I could get ‘50 chairs for 50 bucks or so .. I think he’s to expensive in the Merced 209 area
Dios te Bendiga Bro Thanks for the videos
You should have asked him how he survived the down time in 2019 & 2020 when just about everything was cancelled.
I'm in the business and it was bad. 2019 was a good year but the moment COVID was mentioned to be in the US our customers out of fear cancelled all their events.
Your videos are the best
"Nah bro I am not THAT Mexican" IM DEAD hahaha
Better than detailing! Lol
"Your intervention" ❤😂
Jefe una pregunta cundo puedas mandame un text porfavor gracias
Jefe
Gotta risk it for the biscuit.
Can you please do an anytime fitness franchise owner
Where is the dolly from?
Amazing video
He didn’t ask some questions like, how does he get his customers? Website? Ads? Etc. what would he suggest for someone starting out in this business. Overall good video
Just subscribed man. Looking forward to learning
Hope his family gets to see him more often
The question is:
How to get the clients? That’s should be the real expensive…
That’s the easy part, fb marketplace & Craigslist
Advertising, networking, standing orders with venues and planners, ect.
20k in product plus a truck. You can make a lot but you have to invest in the product. 1 hour rental but you have to load and unload. It's a full day.
Wow . Great job 👏
Wait until Brandon sees this video. Large gathering are now a crime 😂
Lets go Brandon
Damn making $12,000 an hour😳
More like 1,2000
you have to remember they dont always make 6k sometimes they dont get booked etc etc
great video stay blessed up
Epic work n motivation 😎
didn't include expenses :/ reyes was tired
I'm mind blown! Easy money!
The industry has a 8% net margin if done correctly. It only seems like easy money because you are ignorant.
When you can't afford a helper and you make $1,200 an hour? Yeah something ain't right.
Don’t wanna pay or deal with employee insurance
@@brandomcastor2951 That's what contract workers are for.
@@brandomcastor2951 Hell you can pick some workers from homedepot.
Maybe he doesn't need a helper? Have you thought of that. He isn't making $1200 an hour all day everyday
@@jojoreynoso9408 Of course I know that, but that's what Reyes is implying, that's my whole argument.
$55 to fill up a tank? Lies!!!!
Those invoices seem a bit suspect lol. $1,200 for a few tables 😆
@Andre Anthony wtf aré u talking about
@Andre Anthony bruh 1 table is like 80 brand new those prices don’t make no sense 🤦🏽♂️
As a regular person how are you going to find the money and stock and have time to go searching for the tables and chairs needed for a large event, also why would you buy it and be stuck with them when you can hire it and it gets delivered and taken away for you when you can sit on your porch with a beer
Please inform me the size tables you have ??? And what they are? Also how much you paid for each. I'm in FL and want to get this going. Also the chairs u have
Lol Risk it for the Biscuit sierto 😁🙋
Good video. Good info.
Cool video!
love this👍
Can we contact Bryan with question about the business from a different state?
Simple plan for not overworking yourself everyday long hours is maybe only have a few tables and chairs and only rent out on weekends. That’s when most parties tend to be anyway. Just a personal opinion…
And you are wrong, really really wrong. Its not an industry you can make any money at just working the weekends. When do you think you do the cleaning, repairs and loading? When do you take calls and reply to emails?
You could make that much in scratch offs.
Big idea 💡 man 👨
Golden hang cuffs
Renting tables and chairs is a big business. Also dishware and tents. 500,000 a year, all you need is a storage container for storage. No cap!!!! It's basically 3-4 parties a week!
He, Party Rental Creations, is not doing 500 K a year. At his price point he is at best 300K, very best. His net will be around 30k profit at best, assuming he pays himself a salary. If he doesn't pay himself 70-85K net at best.
You have a numerical error "Making $1,200 in One Hour" Did you get the 2 LoGo Lights I sent to you shipping center?
I was just thinking about this the other day
Great business profit!
really dope video !!!!!😃😀
You might wanna fix that TYPO Bro… “$1,2000” is that in pesos? 😂
Where do you buy the chairs from ? Folding chairs?
Nice video