Tips for Venue Owners

6 Steps to Open Your Own Event Venue!

how to event hall

The party business is a really fun and passionate one. Those who have opened an event space know that it’s an industry based on helping people have a good time, and creating perfect experiences.

If you’re a people person eager to please, eager to meet new people, to help create the bonds that often arise from sharing good food, drinks, and ambiance and you’re interested in turning that passion into a business, you might want to consider starting up a venue of some kind! Here are 6 steps to open an event venue in the United States:

  1. Find a Place:

    Maybe you already have a space in mind, but if you don’t you are going to have to start by looking for the perfect place. Lean on the experts if needed! Look for big spaces with large parking capacity. After finding a place obtain a business license and needed permits at your city or county clerk’s office. Schedule a pre-opening health department inspection. Contact your state Department of Revenue about a sales tax license. This is probably the hardest part of the process, but it gets lighter form here!

  2. Analyze Competitors:

    Look for the event venues near you –anything within a one-hour drive– as some of your clients may come from nearby towns. Notice the advantages and disadvantages of every business and see what you can do differently from them. Improve on any flaws and remember: imitation is the sincerest form of flattery! 

  3. Purchase your Banquet Equipment:

    After making a diagram of your event hall, it’s time to buy the furniture and the equipment. Remember that you have to choose the best furniture for your customers! Consider that the longer your furniture lasts, the less investment you are going to have to make in the future. Equipment is a big investment and it might take some time to make the right decision, don’t rush, here are some pieces of advice on how to purchase event chairs wholesale. d91f98745f3d46ecae2e6e8802c30e81 - 6 Steps to Open Your Own Event Venue!

  4. Make a Plan

    List the type of events you can host in your venue. Plan a menu: is it gonna be just dinners? are you going to be able to host brunches? what extra services can you offer? List all of this details in a catalog so you can show them to your customers.

  5. Hire Staff

    Find people who share your passion! It’s really important to form a good work team so your customers and all of their guests feel welcomed and well treated. Some cheap advice for finding staff is to use social media to let people know that you are hiring.

  6. Market your Place

    It’s time to promote your business! Use social media, e-mail marketing, phone calls, billboards, etc. to start promoting your venue. Also, consider going to wedding and event expos near your area and start spreading the word that your event venue is now open. You can also make relationships with vendors in your area so that they can recomend you to possible clients! 

Now you’re ready to cater to your customers and enjoy your banquet hall’s success!

Here’s a handy-dandy checklist of all the things you need to do so that you don’t get stuck in the process.

If you would like to stay up to date with all the latest news about the events industry we would love to have you visit our special venue-owner blog section! Just click here. 

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