WAP: Rental Business (chairs, Tables, Canopies,etc) How Profitable Is This Business

Nairalanders, Part of my 2013 Business Strategy is to diversify into Rental Business (Chairs, Tables, Canopies,etc). How profitable is this business? What are the risks that needed to be managed? What are the costs implications?

Thank you all.

pekelepekele: Profitable if you apply some knowledge to it like not giving out rentals for adult birthdays only if you want them to damage your chairs and tables another is make sure you are not giving rentals to any party you know a big musician is coming to play . If you can do all that you are in money

a1solution: what if u draft out an agreement paper so dey sign and pay if there is any damage when returning ur stuffs?

Rexsul: Pls who have d idea of d amout they sell plastic chairs, table and canopy cos av been thinkn of boutique bussiness b4 bt nw i think ds 1 would b beta.

van bonattel: Very profitable, especially when you have young women to be rented for 2 hours

Badt guy

JudismphD: This kind of business will soon fade out with time with the influx and stiff competition from multi-purpose hall owner, event centre and hotels, even unvierstities and polytechnic halls not left out of this, offering such services at cheaper rate. My dear forcast better b4 u plung ur money. Go ask phone busines owner, Nipost, cafer owner wetin telecom companies do to their business? Clock on Phone self don spoil wrist watch business, cheap blenders don spoil grinding machine busines 4 pepper seller. Na only Nepa busines dey boom, d noise on buy ur inverter and generator set no fit yet. PHCN is hail o

WAP: Rental Business (chairs, Tables, Canopies,etc) How Profitable Is This Business

Nairalanders, Part of my 2013 Business Strategy is to diversify into Rental Business (Chairs, Tables, Canopies,etc). How profitable is this business? What are the risks that needed to be managed? What are the costs implications?

Thank you all.

WAP: Rental Business (chairs, Tables, Canopies,etc) How Profitable Is This Business

Nairalanders, Part of my 2013 Business Strategy is to diversify into Rental Business (Chairs, Tables, Canopies,etc). How profitable is this business? What are the risks that needed to be managed? What are the costs implications?

Thank you all.

presegsADESIDA:


It is highly profitable and it depends on your location.

If you are in Ogun State especially Ijebu and Remo area,you will sell like anything.
A dozen of white chairs depend on size and shape goes for N500 and above,32 guests canopy goes for at least N1,500 and other things.

When it comes to pavilion canopies,we have 100 guests,250/300 guests,500 guests and 1000 guests which it full set goes for as low as N100,000 for 100 guests and high as N500,000 for 1,000 guests pavilion.

You need to learn from real people that are into this business as I did this business with my uncle in Ogun State at Sagamu for 3 years and we made enough and he is still in the business and at the same time,he is a a top rank OOUTH accountant in the teaching hospital i.e you can do this business even while working with government as most outings do come on Saturdays.

For more orientations and consultations on how to start this business for maximum profit,
contact the CEO of Dammy Rental Services at OPP FCMB Along Akarigbo Road in Sagamu and you will see things for yourself and come back to thank me.

citypulseng: Not many people know how lucrative chairs, tables and canopy rental business can be. Hardly a day goes by without the average Nigerian not having one or two things to celebrate. From birthdays, traditional engagements, weddings, graduation (apprenticeship), naming ceremony, house warming, remembrance, lying-in-state, burial rite, religious vigil down to the usual village meetings, the list is endless. And if it happens that you are the only one running the rental business in your area, just imagine what your daily turnover will look like. Not only are you guaranteed of more than 3 dozens of chairs, tables and canopies per person, you stand the chance of seizing the balance once any of the items demanded is broken. For those who are not in the know, leasing a dozen of white chairs costs N300, a table N250, N500 and a canopy is N1,500. So imagine a particular customer coming for 10 canopies, 20 dozens of chairs, 6 drums and 20 tables. What it means is that you are likely to make up to N29,000. Great, isn’t it?

manny4life: Very lucrative, to set up an event with table, chairs, cloth, tents, canopies, silver and plates, etc is VERY profitable. The only problem is shrink. If you supply 100 today, come back in the evening 10 is broken...

In all seriousness, it's lucrative.