Loohoo, a charming retail shop, aims to expand its business by offering rental services for workshops, private events, and photo shoots. The project involves developing a comprehensive rental management system for various spaces within the shop, including a newly available basement and a cubby section for counter rentals. The goal is to research best practices and competitive rates for these spaces, identify suitable platforms for managing bookings, and determine the most effective networks for advertising these rental opportunities. The project will also involve creating detailed contracts for different types of events and developing an informative rental package to attract potential clients. By establishing a strong revenue stream through rentals, Loohoo seeks to enhance its financial stability and market presence.

The project will deliver a detailed report on best practices and competitive pricing for space rentals, a list of recommended free platforms for booking management, and a strategy for advertising on networks like Peerspace. Additionally, students will create comprehensive contracts for various rental scenarios and develop an event rental information package. These deliverables will be showcased on appropriate platforms to maximize rental opportunities for Loohoo.