Event Venue Sharing Business

Event Venue Sharing Business Success Stories [2024]

Pat Walls

•

Updated: October 8th, 2024

Struggling to find a unique and profitable business idea? Consider an event venue sharing business. This concept is straightforward: provide a platform where owners of various event spaces—from lofts to vineyards—can list and rent out their venues to those planning events.

Unlike buying or long-term leasing, this model offers flexibility for both venue owners and event planners. Venue owners can earn extra income during idle times, while planners get access to diverse locations. It’s about connecting the right people at the right time.

If you're intrigued by real estate or enjoy making connections, this might be the perfect venture. Not only do you help create memorable experiences by providing the ideal spaces, but you also leverage your skills in managing logistics and relationships. This avenue offers a scalable and versatile way to start a business with relatively low initial investment.

In this list, you'll find real-world event venue sharing business success stories and very profitable examples of starting a event venue sharing business that makes money.

1. EMS Events ($600K/year)

Amana Feline's "aha" moment came when she saw event organizers struggling with equipment rentals, prompting her to start EMS Events in 1997. Today, her company generates $50K monthly, serving 500-600 events annually in London.

How much money it makes: $600K/year
How much did it cost to start: $1K
How many people on the team: 25

My Event Production Company Brings In $50K/Mo

Case study about the growth of an event production company in London that started in 1997, now making $50K monthly and aiming to reach $90K by offering event equipment and services such as LED video walls, sound systems, and lighting hire, serving corporate events and focusing on exhibitions for revenue growth.

Read this case study

Read by 648 founders

2. Spacehuntr ($600K/year)

Dietrich, a retired investment manager, came up with the idea for Spacehuntr after experiencing the dread of traditional corporate meetings. Initially focused on coworking spaces, a pivotal moment came when they helped a lost client find a unique venue in Brussels. They realized they could specialize in helping foreign clients find unique spaces for international events, leading to a spike in demand and steady growth.

How much money it makes: $600K/year
How much did it cost to start: $10K
How many people on the team: 10

How We Successfully Pivoted Our App For Coworking Spaces To A $50K/Month Platform To Book Event Venues

Spacehuntr achieved a +700% growth in 2019 with revenues, despite the global pandemic, on track to match that growth in 2020, by launching a 360° platform for businesses to book and manage unique Work, Play & Stay spaces, catering to international corporations such as Airbnb, Netflix, and Uber.

Read this case study

Read by 9,187 founders