words Alexa Wang
There are a few business ideas that you can consider if you want to have a family entertainment business. These businesses are very lucrative and they can provide you and your family with a great source of income. Here are some of the top ideas that you can choose from:
Arcade
An arcade company is one of the best businesses that you can choose from when you want to start a family entertainment business. This kind of business does not require too much investment and it’s also very profitable. You can make a profit in this business by selling or renting out old arcade machines, running arcade centers and offering party rentals, and organizing parties. If you want to create more income for yourself through this business, then having an online store might be a good idea where people who are interested in buying new arcade games can order them online. The startup cost for an arcade company is about $30,000 and monthly overhead is about $5,000.
Party Rental Business
If you want to start a good family entertainment business, then opening a party rental company might be the best idea for you. This kind of business is very simple to operate because all you have to do is rent out inflatable bouncy house toys, slides, tables, and chairs. You can even enter into different party rental franchises if you want to gain more exposure in the market. For example, there are companies that let people turn their houses into bounce houses or inflatable obstacle courses during children’s parties. The startup cost for a party rental business is about $5,000 and the monthly overhead is around $2,500.
Another thing you can think about here is VR. You can experience Jake’s VR Zone to see how this kind of work can create opportunities for you in the future. You can start this kind of business with a minimum investment and it can also be operated from your home.
If you live in Singapore, for example, research everything from bouncy castle rental Singapore to the different types of inflatables for your business. There are many options available with a good profit margin in this industry.
Jumping Castles
If you want to start a family entertainment business, then starting a jumping castle rental company might be the best way for you to get started. Jumping castles are very popular among children and they can make a great addition to a party or even a family gathering. You can either invest in new jumping castles or you can rent them out from other companies who also sell these kinds of inflatable toys. It is also possible to buy used jumping castles that are still in good condition. Buying new jumping castles can be very expensive but it will cost about $1,000 for renting them out every weekend. If you want to start this kind of business, then you should also consider buying air pumps because they’re needed when you’re inflating these kinds of inflatable toys.
The startup cost for such a business is about $15,000 and the monthly overhead of this company is around $3,000. You can also make extra income through this type of business by selling jumping castles that you’re no longer using.
Balloon Delivery Business
This kind of family entertainment business is perfect if you want to go into a different line of work since balloons are a great way to say ‘thank you’ or ‘happy birthday.’ In order to start this kind of company, all you have to do is rent out helium tanks from crane suppliers as well as other materials required by your franchise. You also have to make certain that there are no other balloon delivery companies in your area because if there is then you’ll have a hard time earning a profit from this kind of business. Keep in mind that this is a very competitive industry so be prepared to have a lot of rivals.
In order to market your balloon delivery company, you have to distribute leaflets in different establishments such as restaurants and hotels because most people who attend weddings and birthday parties go to these kinds of events. In case you want to improve on the services offered by balloon delivery companies, you have to be creative by coming up with unique ideas.
Chocolate Fountains Business
This is another perfect family business idea that can bring in money since this type of company is very rare already. This type of business is great for teenagers who are looking for something new, exciting, and different from the usual stuff they do on a daily basis.
In order to start this type of company, all you have to do is find a good supplier for chocolate fountain machines and candies, lease a space for your new business, and of course, get clients to pour money into your pockets. Since chocolate fountains are very popular at parties such as weddings, sweet sixteen, bar mitzvahs orinceañeras, this is the perfect family business idea that you can start if you want to earn money.
Caricature Artist Business
Caricatures are great when it comes to entertaining guests since they enjoy seeing their faces drawn in cartoonish forms. A great way to market your caricature artist business is by printing flyers with your company’s logo and contact details, distributing them in different establishments, and of course, promoting your business on social media pages. You can also try renting out booths at carnivals or events that might interest your target market.
If you want to improve on your business, try coming up with unique ideas for providing services; you can offer discounts if customers book a series of caricature sessions from you. In addition, make sure that your work is always top-notch since this will ensure customer satisfaction and referrals at the same time.
Catering company
Finally, starting up a catering company might be a great idea if you want to create a family entertainment business with a difference. Operating a catering service means that you’ll have to prepare food according to customers’ budgets as well as their preferences. You can then deliver these foods at different venues such as churches or parties that are being held at homes or offices. In order to start this kind of family business, all you need is several catering supplies as well as a commercial kitchen to store the ingredients that aren’t perishables. Check out some of the most popular recipes that are being served around the country and add your unique twist.
Starting any of the businesses we’ve mentioned can be a great way to bring in extra money while entertaining guests. Keep in mind that each of these businesses has its own unique set of challenges, so you’ll have to put in a lot of hard work if you want your company to succeed. Always remember that customer satisfaction should always be your number one priority. This will ensure repeat customers and positive word-of-mouth marketing for your family entertainment business.
