You HAVE to read this before starting your Mechanical Bull Rental Business. In this blog, we'll cover ALL the different ways to make money with your mechanical bull business and why it could be the dream business opportunity you've been searching for!
How Much Do Other Bull Rental Businesses Charge?
The majority of mechanical bull business owners charge either per ride or by the hour. Below is a quick breakdown of all the potential earning possibilities.
CHARGING PER RIDE
Here are the most common places where you can charge per ride:
- Fairs
- Festivals
- Rodeos
- Malls
- Bars
- Concerts
Scenario 1 - Fairs
- Cost Per Ride: $5 to $10
- Riders Per Event: 900
- Events Per Year: 6 (somewhat seasonal, usually not a lot every year)
- Total Annual Revenue: $27,000 to $54,000
Scenario 2 - Festivals/Rodeos/Concerts
- Cost Per Ride: $5 to $10
- Riders Per Event: 500
- Events Per Year: 12 (one per month)
- Total Annual Revenue: $30,000 to $60,000
Scenario 3 - Malls/Bars
- Cost Per Ride: $5 to $10
- Riders Per Event: 100
- Events Per Year: 52 (one per week)
- Total Annual Revenue: $26,000 to $52,000
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CHARGING PER HOUR
Here are the most common places where you can charge per hour:
- Birthday Parties
- Graduation Parties
- Holiday Parties
- Corporate Events
- Block Parties
- Church Events
Scenario 1 - Two Events Per Week
- Cost Per Hour: $200 to $300
- Hours Per Event: 4 (minimum)
- Events Per Year: 104
- Total Annual Revenue: $83,200 to $124,800
Scenario 2 - One Event Per Week
- Cost Per Hour: $200 to $300
- Hours Per Event: 4 (minimum)
- Events Per Year: 52
- Total Annual Revenue: $41,600 to $62,400
Scenario 3 - Two Events Per Month
- Cost Per Hour: $200 to $300
- Hours Per Event: 4 (minimum)
- Events Per Year: 24
- Total Annual Revenue: $19,200 to $28,800
Is It Worth Getting Into This Business?
The profitability of the mechanical bull rental business can only be determined by you, based on your financial situation and goals. For most people living in the US, the numbers above would increase their total income by 20% to 50%.
One of the best aspects of this business is its flexibility. You can operate it without leaving your full-time job, which means you can enjoy your regular income plus the additional earnings from your mechanical bull rental business. For some, the income from the bull rental might even surpass their job income.
What’s The Downside?
The main downside is the potential impact on your weekends. As your business grows, most of your events will likely be booked for weekends. This means you may need to work on Saturdays and Sundays. If you value your weekends for friends and family time, this could be a significant consideration.
What If I Get Stuck?
Starting any business can be daunting, especially without direction or guidance. That's where we come in. Our company is here to support you every step of the way. We're just a phone call or email away from answering your questions and providing assistance.
Additionally, we've put together a complete guide on how to get started with your mechanical bull rental business. You can check it out here:Â https://www.usamechanicalbulls.com/blogs/news/the-complete-5-step-guide-to-starting-your-mechanical-bull-rental-business