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I want to buy something that people can then rent. It would have to be profitable. Any ideas? (alien.top)

submitted 2 years ago by UnusualBlueberry2320@alien.top to c/entrepreneur@indiehackers.space

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Only ideas I can think of are boucehouse, tables/chairs, and a photo booth. Is there anything else that would be good to rent out? I don't really have any special skills in particular just have some money to invest in something.
Thanks!

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[–] Konstant_kurage@alien.top 1 points 2 years ago

One of my business is bouncy house/party rentals. I have 40 different kinds of inflatable for rental from giant obstacle course to small backyard bouncy houses. I’ve been doing it for 20 years. I live where it snows and working April to September I can do $80-$130 with minimal overhead. But I have a huge book of business and 1/2 my rentals are for businesses doing summer parties and includes setting up and providing attendants.

How I acquire new rentals: People who buy a few bouncy houses who think they will be able to quit their job end up making about $200 a week for half the year. They get tired of trying to hustle or can’t afford insurance or repairs and offer to sell me their inventory. Or decide giving up their weekends in the summer for a few hundred dollars isn’t worth it. First offer the give me about 75% of what they paid because these are expensive and they bought them with a credit card, usually after unsuccessfully finding any mom and dads who will drop $2,000 for a used bouncy house they call me back and offer them for around $500 each. In all the time I’ve been doing this the same competition I started with is the only other business in the city even though there have been a good 30 other businesses come and go, at least two of them invested over 100k in start up. Also demand has not returned post Covid lockdown.