| Other Business Expenses you will incur | ||||
|
You’ll have initial start up expenses and reoccurring weekly, monthly, and yearly expenses. |
||||
| INITIAL EXPENSES | ||||
| Inflatables (Moonwalks, Bounce Houses, Combos, Giant Slides, Wet Slides, Obstacle Courses, Interactive Inflatables) | ||||
| Concessions? Games? | ||||
| Sandbags (for hard ground or indoors) | ||||
| Stakes (12” nails given by most manufacturers are NOT adequate stakes for bounce houses, they are only adequate for tarp.) | ||||
| Hammer | ||||
| Cones (to cover stakes for safety) | ||||
| Bucket (hold your stakes and hammer) | ||||
| Roll of duct tape (tape down extension cords to prevent tipping) | ||||
| Extension cords (and reel) | ||||
| Hand Truck (wide variety) | ||||
| Trailer (or similar source to transport equipment) | ||||
| Buying a domain and having a website built | ||||
| Becoming a LLC or a Corp | ||||
| Business License(s) | ||||
| Printing of Liability Contract and Safety Waiver | ||||
| Vacuum | ||||
| WEEKLY EXPENSES | ||||
| Fuel | ||||
| Labor | ||||
| Cleaning Supplies | ||||
| Labor for Cleaning | ||||
| MONTHLY EXPENSES | ||||
| ISP for Website | ||||
| Phone. Also consider, who will answer your phone if you work another 9 – 5 job | ||||
| Yellow page ad | ||||
| Other advertising | ||||
| Flyers | ||||
| Business Cards | ||||
| Car/Truck Magnets or vinyl graphics | ||||
| Newspaper | ||||
| Radio Stations | ||||
| Local children’s magazines | ||||
| YEARLY EXPENSES | ||||
| General Liability Insurance | ||||
| Income taxes | ||||
| Business Insurance | ||||
| Business License | ||||
| LLC or Corp reports | ||||
| Equipment Replacement | ||||
| Details of the above expenses | |
| Sandbags, often used by companies when the ground is too hard that a stake cannot penetrate and hold adequately for safe operation of the inflatable. Would also be required if you have an indoor rental. An inflatable in use must ALWAYS be secured. | |
| Stakes, although many inflatables comes with 12” nails. These are NOT adequate to secure an inflatable. Stakes in lengths of 30” – 42” must be used (see your state requirements) | |
| Hammer, to pound in stakes. This could be as large as a sledge hammer if required. | |
| Cones, or another marking tool is required if you cannot sink the stakes flush into the ground. Stakes could become a tripping or impalement hazard otherwise. | |
| Bucket, an optional item. But also a useful item. It can hold your 12” nails, hammer and straps while your inflatable is being used. | |
| Roll of duct tape, another optional item but frequently used to tape down extension cords to prevent tripping hazards. | |
| Extension cords, with a gauge of 12/3 is often required. Also, an optional reel to hold your cord to keep your equipment neat and professional looking. | |
| Hand Truck, you will require a hand truck to transport the bounce houses from your vehicle or trailer to the rental location. We suggest a wide hand truck to help prevent tipping and one that also has the wheels located behind the back plate. We frequently suggest the TH-800 that can be purchased from tractor supply store item #2225274. (Tractor Supply may require full payment in advance in order for it to be ordered). Another location is Harbor Freight item #91380 | |
| Trailer (or similar source to transport equipment), this could vary greatly depending on your budget. 6 or 7 feet wide, length, enclosed or open. Prices vary greatly. | |
| Buying a domain and having a website built, you may have the ability or resource to have your website built for free. You may also think that a website isn’t required. Majority of companies think a website is an invaluable tool that is required in this business. | |
| Becoming and LLC or a Corp, You will need to consult an attorney and find out about becoming an LLC or Corp. Recommendations vary by state. It is necessary to separate your personal property with your business affairs. | |
| Business License(s): State, County and City requirements may vary. You will need to research your own state requirements. | |
| Sales Tax Certificate, this is not an expense, but one that you'll have to check with your state to see if you are liable to collect sales tax on the service you provide. | |
| Printing of Liability Contract and Safety Waiver, You will most likely need a double or triplicate copy of the liability waiver and safety waiver. | |
| Vacuum, You will need a small portable vacuum. | |
| Fuel, figure in weekly fuel expenses. | |
| Labor, will you need additional labor other then just yourself? | |
| Cleaning Supplies, What will you clean your units with? Mat-clean? Odo-ban? Lysol? We recommend a cleaner with anti-bacterial properties. It is also recommended that you follow up monthly (or as needed) with a product such as Armor-All. | |
| Labor for Cleaning, Will you have time to clean your units? Could you clean them onsite or would you have to reset them up at another location for cleaning? | |
| Website, where will you host your site? What monthly fee will you incur? | |
|
Phone, will you get a dedicated business line? Most professional companies do.
Also consider, who will answer your phone if you work another 9 – 5 job |
|
| Yellow page ad, Will you pay for a display ad in your phone book? | |
| Other advertising, you will most likely incur other advertising expenses: business cards, thank you post cards, flyers, vehicle graphics or magnets, local kids magazine, direct mailing. Newspapers, or other marketing. How will you make your business known? | |
| General Liability Insurance, inflatable insurance can take a hefty portion of your profits. Some states/areas charge $1200 an inflatable per year and that may be your only source if you are able to obtain insurance at all. Some insurance companies do not insure water slides or slides over 16 feet tall. You will need to research your insurance BEFORE you purchase your units. | |
| Income taxes, how much of your profit will go toward income tax? | |
| Business Insurance, this insurance is separate from your general liability. Honestly, most do not have it, but it is worth mentioning. If anything happens to your business tangible property it is not covered under your general liability insurance or your homeowners insurance! | |
| LLC or Corp reporting, Most states require submitting a yearly members reports and meeting minutes. An attorney often files this paperwork. Although probably minimal it is worth mentioning. | |
| Equipment Replacement, Tarps wear out, extension cords get internally broken. Items will need to be replaced. | |
Party Rental Company for Inflatables and should not be relied upon as legal advice. (c) 2006-2008 Sitemap