Are you looking for high-quality banquet chairs wholesale in Australia? Perhaps, you need to add extra seating to your cafe or decorate your lounge area. Regardless, banquet chairs are excellent choices for commercial use.
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Party rental companies enjoy a 10-15% profit margin, which is higher than the average retail business.
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Whether a customer is hosting a birthday party, corporate meeting, wedding, or family reunion, they will almost always need tables and chairs. This is a profitable window of opportunity for entrepreneurs who want to rent out event equipment. But if youre just getting started, you may be wondering how to pick the best tables and chairs for your rental business.
Whether youre just starting or want to expand your inventory, weve covered you in this guide to the best tables and chairs! In this blog, well explore the profitability of renting chairs and tables, the most common types, where to buy the best tables and chairs, and how to charge a fair rate for your rentals.
Lets get started!
Are tables
and
chairs worth the investment?
If youre just getting started with renting out inventory, you may be strapped for cash or feeling picky about what types of inventory you want to invest in. For small businesses that are just getting started, tables and chairs are an essential investment that you want to make available to your customers.
If youre wondering whether tables and chairs are a worthwhile investment for your rental business, the answer is a resounding yes! Everyone needs a place to sit down, relax, and enjoy the event. And where do they put all the food, drinks, and decorations? On tables, of course! Thats why tables come in as the second most rented item after chairs, forks, knives, and plates. Imagine going to a party and having no place to sit or eat. It just wouldnt work!
Tables and chairs are a basic need for every event, and having those in your inventory opens doors to more rental opportunities. Once a customer sees that you can meet their basic needs, theyll be more inclined to find out what other kinds of inventory you carry. And if you carry all the inventory your customers need, theyre more likely to use your businesss services since it is more convenient.
Additionally, since they are in high demand, tables and chairs are items that have a great return on investment (ROI) potential. Well talk more about this later!
What are the most common types of tables
and
chairs?
How do I choose the best tables and chairs for my business?
If youre just getting started with tables and chairs, you may be wondering What are the best tables and chairs for my business?
Well, it depends on what your target audience is. Renting tables and chairs to a childrens party is different from renting them to a wedding vendor. So, if youre wondering which ones are the best for your customers, consider your target audience.
Are you an inflatables company that typically rents for birthday parties, family reunions, or school carnivals? If this is the case, you should invest in plastic folding chairs and rectangular tables. Since these are more casual events, customers hosting them are unlikely to spend money on expensive, fancy chairs like Chiavari chairs.
On the other hand, if youre aiming to rent out to weddings or fancy corporate events, youll want to think about stocking up on resin chairs, Chiavari chairs, cocktail tables, and round tables. These events often have a bigger budget for making things look extra special, and the people planning them are looking for that touch of elegance that makes their event stand out. And if youre renting out to fancier events like weddings, consider investing in linens and quality tableware that will make your items pop.
Remember, the best tables and chairs for your customers are the ones that match the kind of events theyre throwing. If theyre planning something laid-back and fun, theyll love those easy-to-move plastic options. But if theyre putting together an event thats all about luxury and style, theyll be looking for something a bit more upscale.
Where to
buy
the
b
est
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The company is the world’s best Banquet Chair Wholesale supplier. We are your one-stop shop for all needs. Our staff are highly-specialized and will help you find the product you need.
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So, how do you find the best place to buy tables and chairs? You look for shops that sell things in large amounts and have great reviews from other customers. When you search where to purchase chairs and tables wholesale, choose sellers with 4 stars or more; they should have lots of different chairs and tables to choose from.
Its also a good idea to check if there are any places nearby where you can buy what you need. Its great if you can find a good seller close to you because it might save you some money on getting your tables and chairs delivered. But, heres the thing: dont just pick a place because its close. Make sure their chairs and tables are good, too. You want your stuff to last long and look good for your customers events.
Here are some reputable vendors online that sell quality tables and chairs:
EventStable
Global Event Supply
Chivari
How much should I charge for tables and chairs?
Market Rate Prices for Chairs
Chair Type Average Price Poly $1.00-$1.50 per chair Resin/Wood $3.00 per chair Chiavari $7.00 per chairMarket Rate Prices for Tables
Table Type Average Price Cocktail Tables $8.00-$12.00 depending on size Round Tables $6.00-$9.00 depending on size Rectangle (Straight) Tables $7.00-$12.00 depending on sizeSetting Competitive & Profitable Prices
When you set prices for your table and chairs, research your competitors. What are their prices? Can you set a better price and still make money? If you can offer a better deal, youll likely attract more customers. Be careful about pricing items TOO low, though, because prices that are too low can indicate to customers that your products might be bad quality.
There is no one-size-fits-all solution to pricing; it all depends on the market and your businesss individual needs. Once youve set your prices, keep an eye on how your customers respond. Are orders flooding in, or are customers hesitating to order? Are you getting pushback on your prices? Ask your customers for feedback, and eventually you will be able to use this information to decide whether you need to raise or lower your prices.
One great thing to consider is peak seasons and how they can affect impact on pricing. The demand for tables and chairs changes throughout the year. For example, summer is considered a peak season for weddings, graduations, and other school events. During this time, you may be able to adjust prices higher to account for higher demand. But during slower months, you may need to adjust lower to attract customers.
Setting prices for your inventory is a bit of a push-pull game, youll always be adjusting them. Overall, you always want to send the message to customers Hey, I have the best tables and chairs AND Ill give you the best deal without compromising on profits.
Ready to get started?
Tables and chairs are some of the most popular items to rent, so if youre just getting started or looking to invest in new inventory, these are a great choice to get started with! Just remember, quality and customer satisfaction are key to building a successful rental business. By offering the best quality, youre not just providing furniture; youre helping create memorable moments for your customers special occasions.
Also, dont forget to keep an eye on your inventory. Make sure all of your items are always in top condition. A quick check before and after events can save you from unexpected surprises and keep your reputation high with customers!
Finally, remember that running a rental business isnt all about profits. Renting out the best items available to your customers serves as the foundation to many peoples happiest days. Enjoy it and take pride in what you do.
Other blogs you may find helpful:
Best Practices for Pricing Rental Inventory with a Calculator
5 Reports that Rental Businesses NEED to Review Frequently
The Importance of Equipment and Party Rental Contracts in
Want more information on Commercial Table and Chairs? Feel free to contact us.