Eventfully Yours is a decor rental and event design business. We offer a wide variety of inventory to make special events unforgettable. We create events to dream about from shabby chic to classic. Going beyond the expected. Our products enhance any event, elegant, casual, formal, or corporate.
BUSINESS MODEL
Eventfully Yours ("EY") mission is to bring beautiful and innovative decor solutions to customers decorating events, productions, functions and small gatherings. EY is a retail establishment focused on event rentals, event planning and design services.
VERY UNIQUE
Rental Products & Design Services and Planning
EY inventory is constantly expanding and developing with the latest trend and standards in the industry. We can create elegant centerpieces and lavish interior decor.
Our inventory consist of; Linens, Centerpieces, Tables & Chairs, Table Settings, Candle Related Items, Arches, Backdrops, Columns, Plants, Misc. *Variety of Colors Available - over 150 shades available
Wedding Planning & Design Services (includes the following, but limited to)
• Anniversary
• Birthdays
• Holiday Parties
• Social Mixers
• Networking Events
• Cocktail Parties
• Theme Parties
• Corporate
• Fundraising
• Appreciation Events & Banquets
EY specializes in making sure events are unforgettable. EY is a decor specialty shop, which offers private consultation with an experienced event planner and a professional decorator. These services as well as our teams combined experience of over 25 years makes us unique and very competitive. Our services also can include full set up and tear down. Planning the perfect celebration can be stressful. We want all of our client’s worries to fall on us and take the stress out of their planning. In an ever-changing, fast-paced world, success is determined by good choices for lasting effects. Communication is essential. EY strives to be the best choice for clients by helping to ease their event planning burden. Through consistent, predictable professionalism, EY will ensure a hassle-free event at a reasonable yet competitive price. This is what makes us profitable!
EY has preferred clients - hotels, casinos, country clubs and religious and exclusive membership organizational venues. We work a lot with caterers who rent products from our vast inventory. Currently, we have thousand of items in our inventory. We are growing and expanding every day. This is also what makes us profitable!
EY knows what the latest trends are and understands the needs of the market. EY utilizes the latest technology and styles available while ensuring their clients receive the individual attention they deserve.
BUSINESS DESCRIPTION
Our business concept is unlike other event décor shops. With EY, clients don’t feel like their renting from a warehouse or forced into a sell they are not comfortable with. Our showroom gives our guest the reassurance that EY has the abilities to make there event a success and within their budget. EY will provide modern services to all sizes of events, offering the best quality and experience for customers and their guest.
EY is positioned to become the preferred provider of special events in the central Iowa area. Our goal is to continue to expand our inventory as well as additional event services, such as catering, and transportation.
The idea for the business was the result of Ms. Boutchee’ s previous experience in trying to find a centralized location that could provide all the accommodations most people need while hosting an event. Two years ago, Ms. Boutchee realized the scantiness of finding these kinds of services. Ms. Boutchee started writing her business plan, but was put on hold due to our challenging economy. Although Ms. Boutchee DREAMS were put on hold, she recognized that the trouble times didn’t stop families, individuals and businesses from gathering and hosting events. (This is why we will always be profitable . . .) The only dilemma was financing. While saving for a down payment, Ms. Boutchee continued to learn more about her competition and learn more about what her customers are looking for when hosting an event.
KEY TO SUCCESS
Our key to success includes the commitment to quality by every team member. EY will be responsible to reach a higher level of professionalism in five areas:
1. Consistent and accurate fulfillment of services.
2. Competitive pricing for quality events.
3. Set the highest standards in the industry for excellence.
4. Offer modern and unique experiences. (This also makes us OHHHH SOOO UNIQUE!!!)
5. Make significant profit on each planned event.
Company Ownership
Ey is a women-owned business, founded originally on a part-time basis in 2013. The founder, Ms. Silicia Boutchee has been working the industry has a hobby for the past ten years. Over the past four years, Ms. Boutchee has also been working at Iowa Event Center (Des Moines largest event center) as a VIP Host and VIP Bartender. EY's team of professionals has over 25 years of industry experience.
Ms. Boutchee experience in providing event planning services to residents and businesses in the area gives her the insight to understand the needs for individuals to customize their own events. Working with the community for many years, Ms. Boutchee realizes how important it is to pay attention to detail and network with potential clients to run a successful business. Her experience, knowledge and education are key attributes that have attracted a favorable response.
Ms. Boutchee has developed strong leadership and management skills by performing many of the tasks required to run an event planning business and décor shop, including: handling all financial transactions, arranging advertising, employee or member recruitment and involvement, public relations, conducting inventory, and ordering of products and supplies. Ms. Boutchee has received many letters of recommendations and compliments from her current clientele and community, which are available upon request.
Company Location and Facilities
EY is leasing a facility conveniently located just minutes away from I-80/35, at 3929 E 14th St, Des Moines, Iowa 50313. This facility consists of 2,608sf of store, including a magnificent showroom. EY is busting at the seams and looks forward to expanding to a larger facility in the future.
PRODUCTS & SERVICES
EY offers products and services to aid our customers in planning the event themselves. The following products and services are used inside our operation for the best possible results.
• Rental of Equipment - A variety of equipment is available for rent: Linens, décor, table settings, chair covers, etc.
• Event Planner – The event planner creates programs that address the purpose, message or impression that an organization or client is trying to communicate.
• Professional Decorator – The professional decorator will help you eagerly, not only by suggesting the appropriate decor according to your desires and needs, but also by giving advice on the best colors, themes, and lighting to magnify your presentation.
• Set Up and Tear Down - Services can be provided to set up and tear down event.
• Resource Manual – This valuable guide acts as a review of all the resources located in the surrounding area. A ranking is given to various services, such a caterers, disc jockeys, bands, and facilities. This manual gives the client the freedom to make a choice based on experience.
Competitive Comparison
EY, although young, draws from the age-old tradition of going above and beyond what is expected, every time. Our store has the latest trends while still providing traditional appeal. Our system for event planning has been drawn up, evaluated, practiced, worked, and reworked to ensure the maximum efficiency while minimizing the possibility of error. We contract local vendors who have the same desire to be the best at what they do, while providing unmatched services, thus giving back to the community by providing jobs outside of our organization. We encourage new and upcoming small businesses that provide a service within our need base to step up to the challenge of being the best through their contract with EY. (THIS TOO... IS WHAT MAKES US UNIQUE)
Competitive Analysis
EY has a few competitors in the area, but none of them provide the level of services and modern amenities. EY is known as the first to offer these unique and progressive services locally.
Service Business Analysis
EY is in a unique position of competition. We compete against hotels with conference facilities, conference centers, other décor shops, both on the large and small scale, persons with an organization who are assigned event organization, and people who wish to organize their own events without the benefit of assistance. The benefits and drawbacks of each of our competitors as compared with the service we offer are hardly matched in quality and price.
Competition
• Bella Flora
• I E Innovative Events
• Betts Bridal Accessories
• A to Z Rental
• Beyond Elegance
• Des Moines Rental
• Classic Events & Parties (partner)
• Event Decorators of Iowa (partner)
• Celebrations Party & rental Store (partner)
EY is the preferred vendor in all area of needs. If we don’t have it, we will find it and assure a hassle free process.
MARKET ANAYSIS SUMMARY (SIZE)
The breakdown of the market for event planning falls in a wide, very diverse grouping. Individuals and organizations demand the services we provide. In order to provide the greatest depth of information, the market segments have been broken down into private and public organizations and age groups.
1. Private Organizations and Businesses
Private organizations make up the single largest portion of the EY's clients base. Private organizations such as businesses, corporations, and political parties host the most events on the largest scales; therefore, these events generate larger revenues per event. The majority of large-scale holiday functions will fall under this segment.
2. Public Organizations
Government agencies host many events every year. EY hopes to alleviate the pressure of event planning for public employees. The second single largest segment, the public sector, can save money and give back to it community at the same time. These events are moderate in scale with middle to low revenues generated. Emphasis is placed on the visibility of the event for public viewing. The majority of organizational family functions fall under this segment.
3. Individual / Family
Under 24: Persons under the age of twenty–four (24). We hope to tap the early college graduates who have begun their professional careers, but have not yet started families. These events will focus mainly on themes with moderate, to high-energy appeal. The revenues generated will range from moderate to high, depending on the event. The majority of weddings fall into this segment.
Age 25-55: The persons that fall into this age group are employees, middle to upper-middle class families. They choose event planners because they are too busy to do it themselves. Therefore, EY will be on hand for questions and contact will be moderate in length, but occur regularly so as not to disturb the daily life of the families. These events will generate moderate revenues, with a few generating low revenues. The majority of special occasion planning will occur in this market segment.
Age 56 and above: Persons over the age of 55 have reached a turning point of life. Many are retiring, others are celebrating anniversaries of significant years, and still others are taking care of their children’s special events. These events will generate moderate to high revenues depending upon the income level of the family (direct correlation to social status). Most holiday parties and other special occasions, such as anniversaries and reunions, will occur in this market segment.
Target Market Segment Strategy
Our target markets are middle to upper class families, couples, individuals or private and public organizations. Concentration will be placed on women between the age of 25-55 that live in Polk and Dallas County. We chose these groups because they are most able to afford event planners, and have the least amount of time to spare for event planning. Families demand attention, employees are overburdened, and the overwhelming details needed to plan large events are too large of a constraint to place on people not trained in the area of event planning.
The fast pace world we live in leaves little time for extra things we would like to do, like plan events, parties, and social get-togethers. EY fills the need by being available to take the burden of planning, decorating, and clean up, so people can spend time on more important things like family and friends. The demand for this service is expected to increase considering the rise in incomes, populations, and need for interpersonal relations in the workplace.
Wedding Statistics
June is the most popular month for weddings, then August, followed by September October and May
• Every year an average of 2.4 million weddings are performed in the U.S.
• The Wedding Industry is a 50 billion dollar a year industry
• Average age for first-time brides is 25 years, for grooms it's 27.5
• 175 guests are invited to an average wedding
• One third of engaged couples retain a Wedding Consultant
• The average household income of a newly married couple is $60,000/year
• Average size of wedding party: 12
• Most brides (30%) plan their weddings for 7 to 12 months
• 30% of receptions are held in churches; 20% in hotels; 20% in country clubs; and 10% each in fraternal halls, private homes, and other locations.
Cost Statics
• $22,000 is the average amount spent on a traditional American wedding
• A total of $72 billion is spent on weddings annually in the U.S.
• Reception 28.3%
• Consultant 15.0% (if hired)
***Source: Association of Bridal Consultants* Greeting Card Association *National Association of Wedding Ministers
EY is working diligently on becoming Iowa peferred decor rental shop. EY plans on using the funds from DreamBigGrowHere on the following:
1. Inventory – (Linens, table décor, and drapery)
2. Equipment - (Steamer & Presser)
2. Vehicle - (Repairs Needed)
3. Marketing - (Signage, Branding & Targeted Marketing)
Thank you for believing in EY, let us make your event unforgettable!!!!