Turning a property that you do not use into a wedding venue is a lucrative idea. This is something that you can do on your own, and then slowly build a full-time job out of it. This all sounds great, but not only does this type of business require a significant investment, but also a lot of time and effort.
In this article, we are going to give you some tips on how to do this. Like with any business, there are numerous things that you have to consider and plan, maybe even more since you have to create a venue that different types of people will enjoy. In addition, you have to ensure that you can provide them with top-notch service. So, let’s begin.
1. Assess your finances
The very first thing that you have to do is to think about finances. As you can assume, starting this business requires a lot of money, and there are some things that you have to ask yourself. Do you want to build an entire venue or remodel the already existing one? Do you have to do a complete remodeling job or simply improve the aesthetics of the structure? How much money can you invest?
When it comes to starting any kind of business, you have to have a realistic picture of the future. You will probably have to apply for a loan or maybe you should consider getting a partner. Try to make a plan and see what course of action works the best for you.
2. Consider the location
This is a thing that most people forget to seriously think about. Where is your property located? Is it somewhere near the center of the city and in close vicinity to other buildings? On the other hand, is it located in a remote area? Is it easily accessible? Are there enough parking spots for everyone?
You would be surprised how many breath-taking buildings and venues there are, but if they are in any way inaccessible, people are probably not going to choose them. This is especially true if a couple is planning a big reception, with hundreds of guests. Simply put, everyone wants their guests to feel comfortable, and small things like having difficulty finding parking can ruin one’s mood.
3. Think about remodeling
There is absolutely no way you can make a business plan and have a close estimation of how much money you will need if you do not plan the remodeling up to the last detail. Naturally, you should first deal with some large problems that have to be solved, and you can leave some smaller details for later.
Our advice is to always collaborate with professionals like 800remodeling. Not only will they be able to make a list of things that have to be redone after investigating the property, but they will also provide you with an estimate. Plus, if you already have some remodeling ideas, you should run them by them because some of them might not even be an option, and they will provide you with some similar designs that can be created on your property.
4. Plan the design
Yes, a contractor can help you, but after all, this is your property, your business, so you should be as involved as possible, don’t you think? However, designing a wedding venue is much trickier than it seems. This is not only something that should be appealing to you, but you also have to think about dozens of couples that are going to choose your property for their special day.
First of all, you have to investigate current trends if you want to create something modern. Go online and look at some photos, or even talk with people around you and learn their opinions. Naturally, our advice is go leave room for details that can be added by the happy couple. Trust us, each person has a clear vision of how their wedding venue should look like, so it is always a good thing if you provide your clients with the opportunity to add some personal touch.
5. What’s the capacity?
Before you make any investments, you have to inquire about the capacity of the venue. Clearly, this is something that depends on the size of the property and something that is going to affect the price. The higher the number of guests is, the higher the cost of the venue will be.
You can use different methods to be able to always meet the clients’ requirements. If they are planning a smaller wedding, you can offer them one room or even use dividers to make the space smaller and more intimate. On the other note, if the couple is looking for a large venue, you can always add some extra space, or ask them to consider using the garden, if the weather conditions allow it.
6. Is accommodation available?
Being able to offer accommodation is an important feature that many couples look for. Why? They might have fallen in love with your property, but they don’t live in close vicinity, and returning home after a long and tiring day like a wedding day, is always inconvenient.
Similarly, maybe some close relatives of theirs are coming to the wedding from another city or even country. Most couples do not feel comfortable asking their important guests to pay for accommodation, which is why venues with lodging are always at the top of their list.
Naturally, you cannot fit 50 or 100 people, and no one expects you to, but if there are a few rooms on your property, you should think about remodeling them and offering them to potential clients.
7. Always make improvements
In this text, we have discussed some important aspects that you have to take care of when turning your property into a wedding venue. Nevertheless, there is one thing that you have to understand before you embark on this adventure. No matter what happens and how successful your business becomes, it is of crucial importance to always work on improving it.
You need to have a budget for small repairs because things will inevitably get broken or destroyed. In addition, it is your job to ensure that clients are completely satisfied with the venue and the service, meaning that you have to meet all their requirements. Sometimes, some changes might seem insignificant to you, but still, you have to make them, if that’s what the happy couple wants.