Starting A Bouncing Castle Business

Starting A Bouncing Castle Business

Starting A Bouncing Castle Business

Bouncing castles are a hot favorite with kids and it is difficult to think of kids' parties without a cartoon bouncy castle. So, if you are planning to start a new business, you can try your hand in the bouncy castle business.

Before you start a bouncy castle business, talk to your friends and family. Ask them whether they have ever hired a castle for a party or not. Also ask them whether they would be interested in hiring bouncy castles in case you start a business. You must also talk to your spouse before venturing into the business. It's a great idea to start a bouncy castle business with your spouse. In fact you can involve your kids in the business as well.

Your next step will be to gather information about the rules and regulation set down by the government regarding a business. You need to know the liabilities as well. For this you need to talk to your insurance agent. You have to apply for a sales tax number in the state you reside in. This will enable you to collect the sale tax. Check the website to find out what are the requirements of the sales tax department. While filling up the form, you will need to mention the name of your business.

Chalk out the estimate cost of starting the business. Figure out the cost of buying a castle. A castle measuring 13-by-13 will cost you something around $1400. You should purchase a bouncy castle that comes with basic supplies like repair equipment, blower, stakes, tarp and a storage bag. While estimating the cost you need to include the expenses of a trailer to haul the castle and deliver and pick up the bouncing castle from the party location, gas to inflate the castle, financial software, insurance cost, advertising etc.

Take the help of your lawyer to draw up a contract. The contract needs to specify the obligation of the parties involved, the payment and mode of payment along with the due time. The contract should also spell out what will happen if an event is cancelled.

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