Guest House Business Plan in Nigeria
Guest House Business Plan in Nigeria
This sample Guesthouse Business Plan in Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Notes, Competitions, etc. Guest House Business Plan is a lucrative business that needs a lot of strategic Planning to start and a business coach like Dayo Adetiloye to help you start the Implementation.
Business Description of Guest House Business Plan in Nigeria
Business: GUEST HOUSE
Industry: HOSPITABILITY (Guest House Business plan in Nigeria)
Patilad Guest House is a standard guest house with adequate facilities that include various rooms, bar/restaurant, pool, gym, and relaxation center located in Lagos State, Nigeria.
Our guest house is made available for anyone that needs our services, tourist, travelers, families, couples, and individuals.
Guesthouses are perhaps the backbone of the travel and tourism industry. After all, when people travel somewhere away from home, they need somewhere to sleep. And if that place isn’t a friend or relative’s home, or a campsite, it’s a guest house.
People are not just interested in staying in the guest house alone, but they want to have an experience they will never forget; they want to have fun and enjoy themselves. The global hotel market was projected to exceed $500 billion by the end of 2014, growing to more than $550 billion by 2016.
Patilad Guest House is a world-class guesthouse with thrilling, exciting indoor facilities for all our visitors to have a full-filled experience. Our parking space is spacious and contains at least 50 cars, making it convenient for our customers to park their vehicles. We have asun joint. barbeque, sharwama and suya arena, and many more
We will ensure that we work hard to meet and surpass our clients’ expectations whenever they come around to our Guesthouse; we will establish long-lasting relationships with satisfied customers. Our strong management team and our aggressive marketing plan project a consistent and minimum annual growth of five percent.
Market Research:
The Nigeria hospitality industry is a thriving sector because more tourists are traveling around the world to see and experience new things, therefore contributing immensely to the economy of Nigeria.
The hospitality industry accounted for 4.0% of global GDP in 2018 compared to 3.2% in 2017 and is expected to rise by 3.8% year on year from 2018 to 2028. Total employment accounted for 4.2% for the hospitality industry in 2018 against 3.8% in 2017.
Benefits of our product and services:
Our products and services:
Patilad Guesthouse provides customers with a conducive environment that provides excitement, relaxation, entertainment, and great food at affordable prices. Our products and services include;
Keys to Success:
The keys to success for Guest House business include:
- Excellent Customer Services: Providing exceptional customer service is crucial for the success of a guest house business. This involves offering friendly, efficient, and personalized service to guests, addressing their needs promptly, and ensuring their overall satisfaction throughout their stay.
- Strong Customer Base: Building and maintaining a loyal customer base is essential. This can be achieved by consistently delivering quality service, fostering positive relationships with guests, and implementing effective marketing strategies to attract repeat business.
- Highly Convenient Rooms: Ensuring that guest rooms are comfortable, well-equipped, and conveniently laid out is vital. Guests should have access to amenities such as comfortable beds, modern furnishings, and essential facilities to meet their needs and enhance their overall experience.
- Online Presence for Easy Access to Customers: Having a strong online presence through a user-friendly website and active social media platforms is essential for reaching potential customers, making reservations easy, and providing relevant information about the guest house’s offerings and services.
- Attractive and Well-Designed Environment: Creating an inviting and aesthetically pleasing environment is key to attracting guests. This involves attention to detail in the design and decor of the guest house, creating a welcoming atmosphere that enhances the overall experience for visitors.
- Ample and Secure Parking Space: Providing sufficient and secure parking facilities for guests is important, as it ensures convenience and peace of mind for those traveling by car. A well-lit and monitored parking area adds to the safety and comfort of guests during their stay.
- Seasoned Management Team: Having a skilled and experienced management team is crucial for the effective operation of the guest house. This team should possess strong leadership, organizational, and interpersonal skills to oversee daily operations, handle guest inquiries and concerns, and drive the business towards success.
Objective for Guest House Business Plan in Nigeria:
- To offer high-quality and convenient services
- To create a Guesthouse whose primary goal is to exceed customer’s expectations.
- To impact our community where we do business through CSR.
- To increase the number of customers by at least 30% each year
Goal for the Guest House Business Plan in Nigeria:
To provide the best and high standard guest house compared to none in our locations.
Vision for the Guest House Business Plan in Nigeria:
Our vision is to build a standard guest house with all adequate facilities in Nigeria and to be among the top 10 Guesthouses in Nigeria by 2025.
Mission for the Guest House Business Plan in Nigeria:
Our mission is to be the number one provider of guest house services and create an atmosphere of fun and excitement for our customers.
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Guest House Business Plan in Nigeria
Management Team of the Guest house Business Plan in Nigeria:
Afolayan Oluwabenga: He is a graduate of the Lagos State University (LASU). He has over five experience in the hospitality industry, having worked for several hotels in different states. He is also a consultant in the hospitality industry, consulting for five stars hotels in Nigeria. Oluwagbenga is the genral manager of Patilad Guest house.
Mr. Dayo Adetiloye – (B. Agric., MBA, and PMP): He has over 15 years of experience in business management, business start-up dynamics, financial management of business, and overall business growth and development. He is an alumnus of Enterprise Development Centre (EDC) of the Lagos Business School (LBS), Pan African University (PAU). He is our business development strategist and a strategic partner.
We brought to the business:
- Academic intelligence
- Practical experience in the industry
- Capacity to consistently provide outstanding service.
- Quality service and a good understanding of the market trend.
- Our staff brings operational, marketing, and promotional skills to the business.
- Unique interior designs with comfortable ambiance
Management experience gained for the Guest House Business Plan in Nigeria:
With over ten years of experience in the hospitality industry, I have had numerous exposure to the practical aspects of guesthouse services. I’ve been able to master the technical requirements, financial management, staff recruitment, and organization skills, among other things necessary to give the industry good commendation from our clients.
My managerial skill has also helped put together a workforce for over five years, which will also help me coordinate the teamwork in most aspects of the company.
I am the CEO of the company overseeing the day-to-day activities of the business.
Materials and Machine for Guest House Business Plan in Nigeria:
Land, building materials, chairs and tables, air conditioner, staff, kitchen utensils, generator, gates, doors, cooks and chefs, relaxation center facilities, etc.
Competitor Analysis for Guest House Plan in Nigeria:
People buy from us because of the following reasons:
- Consistent Quality Service: Guests choose us because we consistently deliver top-notch service, ensuring that every aspect of their experience meets or exceeds their expectations. From the moment they arrive until they depart, we prioritize excellence in every detail, ensuring that their stay is comfortable, enjoyable, and memorable.
- Outstanding Customer Care Service: Our commitment to providing exceptional customer care sets us apart. We go above and beyond to anticipate and fulfill the needs of our guests, ensuring that they feel valued and well taken care of throughout their stay. Whether it’s addressing special requests, resolving issues promptly, or simply providing a friendly and welcoming atmosphere, our dedication to outstanding customer service is evident in every interaction.
- Professional and Highly Qualified Staff: Guests trust us because of our team of professional and highly qualified staff. From our front desk personnel to housekeeping and maintenance staff, each member of our team is trained to deliver excellence in their role. Their expertise, professionalism, and dedication ensure that guests receive the highest level of service and attention to detail throughout their stay.
- Reasonable Prices and Discount Offers: We attract guests with our competitive pricing and discount offers. While we maintain a commitment to quality and excellence, we also strive to offer value for money. Our reasonable prices and occasional discount offers make us an attractive choice for guests seeking affordability without compromising on the quality of their accommodation or service experience.
Contact Us:
To buy the remaining part of this business plan, including the detailed financial analysis, call any of our business plan consultants on 08105636015, 08076359735, and 08113205312. You can send a WhatsApp message or email us at dayohub@gmail.com or info@dayoadetiloye.com.
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Call any of our business plan consultants on 08105636015, 08076359735 and 08113205312
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