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Toying With Business

The segment offers huge scope with few players operating in the market

Tags: Toy rental services

BY Arindam Ghosh  |  Sep 29, 2010 comments ( 21 ) |

These days you can have access to almost all the things meant for day-to-day purposes-from renting furniture to home appliances to tour packages and to even renting Movies DVDs/VCDs. These new and innovate ideas for planning a business venture has been the secret of success for companies like Seventy mm, Movie mart, Yatra.com and make your trip. Still in nascent stage in India, the toy rental service is slowly catching up as a new business opportunity; the entrepreneurs can look towards foraying into this industry.

Concept-

The Toy rental service involves offering toys on kids to the interested customer on rent which is agreed upon by both the parties for a given period of time. Toy offered to children belong to various age groups. “Providing the right toys at right age plays an important role in the early childhood development as kids tend to outgrow toys”, says Mr. Manoj Kumar, co-founder Rentoys, an online toy rental company, based in Bangalore which offers toys on kids for rent.

Market potential-

Mr. Manoj Kumar, of Rentoys says the Toy rental service sector remains majorly unorganised, over 60-70 per cent forms the share of it. The estimated market size in the organised sector for the toy rental service in India stands at approximately Rs 2000 crore. “We are seeing 50-60 per cent growth in its customer base every month we are currently looking at offering franchisee”, he further adds.

Capital required

There is no fixed capital as such to start the business, but more the capital the entrepreneur has at its disposal, the more he can invest into it and expand his business further. Mr. Manoj Kumar says, “We had put in an initial capital of Rs 4 lakhs to begin the venture.”

Services offered

To make your business venture successful, customer friendly services and further offering quality products at a reasonable rate remain here a major ingredient. This will result in developing a trust of the customers and may boost the expansion of his business venture.

Mr. Kumar says, “the toys offered through Rentoys library are of internationally recognised brands like that of Fisher price, vtech, Okplay and funskool and keep the toys clean and well sanitised so that it can be recycled and we further do a free home pickup and delivery of toys at the doorstep of our members”.

 

This is one of the new emerging fields that entrepreneurs can look up to when they start their own business venture in India as the huge potential it offers can be tapped.

 

Please add your comment

rajesh

April 27, 2013 at 2:54 pm

Please send more franchise details, i am interested in it.

Reply |

JAGJEET

April 26, 2013 at 1:37 am

its seems a good idea but will it work continuosly ?? please send more details as we are interested. Thanks

Reply |

nishant pasvan

November 21, 2012 at 7:17 pm

Yes, I agree it is a new business idea but it is only papers no practical fully idea and suggest No more information in this business.

Reply |

nehal

August 31, 2011 at 10:23 am

please provide more details

Reply |

VEER

August 26, 2011 at 3:23 pm

GIVE ME PROPER DETAILS

Reply |

Ajay rathi

August 23, 2011 at 2:18 pm

Please send more franchise details, i am interested in it.

Reply |

poonam

August 20, 2011 at 3:35 pm

How to start with? Can you please suggest?

Reply |

mandharr thombaray

July 27, 2011 at 7:00 am

hi plz send me the details as I am interested in this business.

Reply |

Jayshree Sarda

July 07, 2011 at 6:35 am

i am looking further to start the toy library but i have very limited funds available. kindly suggest me what should be the minimum no of toys availability for getting good customer attraction. is it possible to start this business from home? please suggest

Reply |

mmk

June 08, 2011 at 2:25 am

I'm looking for similar kind of doing business. But, due to not having proper guidance, not able to go ahead. Would be great if advice on the same..

Reply |

jay savalia

March 21, 2011 at 11:00 pm

i'm intrested in this toy rental services,plz tell me where i have to contact for taking franchisee....

Reply |

ROHIT KOCHHAR

March 11, 2011 at 10:24 pm

I would like to know more about the concept in detail,asap,thanx.

Reply |

Monal

February 23, 2011 at 3:06 am

Can u tell me the details for taking the franchisee. contact member@franchiseindia.com

Reply |

vikas

February 22, 2011 at 11:00 pm

contact me i m interested...........on 09427164456 contact member@franchiseindia.com

Reply |

Rekha

January 07, 2011 at 8:06 am

Highly interested please revert with details .URGENTLY contact member@franchiseindia.com

Reply |

Raghavendra

December 18, 2010 at 8:14 am

hello, May i know if we can get into any dealership or franchise of this brand?? plz..reply.. contact member@franchiseindia.com

Reply |

praveena

December 13, 2010 at 3:39 am

could u pls tell whom can i contact for the franchise and what is the min investment. pls do reply. contact member@franchiseindia.com

Reply |

RAJ

December 09, 2010 at 3:49 am

HOW TO START YOUR FRANCHISE. contact member@franchiseindia.com

Reply |

jyoti agrawal

October 19, 2010 at 5:28 am

please suggest how to start a toy franchise, esp. where can i contact for franchises of fisher price or funskool.

Reply |

sachin

October 13, 2010 at 8:42 pm

its a good idea , but can you elaborate on the renting part, as to how many days are the products rented for and what should you charge etc

Reply |

haresh

October 10, 2010 at 10:29 am

Very good concept for the new business

Reply |

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