OVERVIEW
Available for sale is a serviced accommodation management agency that has been set up by experienced property professionals with the aim of offering fully managed short-term rental and holiday let services to property owners throughout the South Wales with managed properties bordering a highly visited national park.
Name: Undisclosed.
Website: Undisclosed.
THE OPPORTUNITY
The business is available by way of a share sale to facilitate the transfer of the business to a new owner and allow the current vendor to pursue other business interests. The business has developed a tactile and user-friendly website which has been optimized for SEO functionality, along with industry specific software for ease of management.
Current offerings are for a fully managed letting service offered to landlords with a share of the rental income being attracted by the business, and a completely hands off approach whereby the business becomes the tenant, furnishes the property and offers to the market as a short term let.
The business is free of tie from premises and is easily relocatable.
INDUSTRY OVERVIEW
The short-term let (STL) industry in the UK has experienced significant growth, largely driven by the rise of platforms like Airbnb. This sector has become a crucial part of the UK’s tourism economy, providing flexible accommodation options and contributing substantially to local economies.
The STL industry significantly impacts the UK economy, contributing £14.1 billion directly to GDP in 2021, with additional indirect impacts amounting to billions more. The demand for short-term rentals surged post-pandemic due to increased domestic tourism, often referred to as the "staycation boom" (Sykes Cottages).
SERVICES
Fully Managed Letting: Taking the hassle out of short term and holiday letting, the business manages the entire process including the marketing, guest liaison, check-in/check-out management, inhouse cleaning, maintenance services, linen hire, photography services and the option to have a property furnished/dressed for short term stays.
Hands Off Let: The business offers the option of Rent to Rent between one and five years, offering landlords a completely hands off approach with no void periods. The company let the property, furnish, dress and manage the short term lets as per the fully managed service but with the benefit of having zero involvement and a guaranteed income.
MARKETING
The business actively markets itself through their fully optimized website and through the extensive reputation they have built locally and industry contacts. The business markets the rental listings on multiple travel platforms including Airbnb, Booking.com, VRBO, Tripadvisor, Google Hotels and their own website which are monitored with software to ensure optimal pricing in line with competition and demand, maximising opportunity vs profitability.
GROWTH OPPORTUNITIES
The business is well-positioned to launch and capitalize on several growth opportunities in the service industry, including:
- Expanding into new geographic markets and to broaden the client base and location offerings.
- Enhancing technology platform to further automate and optimize check-in/check-out processes.
- Developing strategic partnerships and collaborations to access new business opportunities to include commercial property.
- Offering additional value-added services such as tours/events ticket sales etc…
FURTHER INFORMATION
The business name and logo are trademarked, and further information is available by speaking with us and viewings are strictly by appointment only as the sale of this business is strictly confidential.
For more information please contact us.
