This is a Sample Universal Hotel Business Plan for Nigerians. In fact, its a Sample Hotel Business Plan that meets your type of hotel business. Have you come to realize that Hotel Business in Nigeria is one of the rare businesses that is relevant at all seasons. That is why any smart investor who ventures into it smile in less than no time. Just watch how hotels spring up everywhere in the country nowadays. Then, can the owners say they are not attracted into the business by its profit making nature. In fact, investing in hotel business in Nigeria is one smart move any Nigerian Entrepreneur can make right now. That’s why we present this business plan to aid you invest in the business.
Is hotel business profitable?
Table of Contents
For those who ask if hotel business is profitable in Nigeria and how much does it cost to build a hotel in Nigeria, this business plan is what you need. If you are also asking how I can get involved in the business even as a freelance hotel owner, here is your opportunity. As a matter of fact, Nigerians are known all over the world as travelers and merriment people – that’s what hotel business is all about globally. In fact, you need to know that our country is becoming one of the Tourists choice destination in Africa.
Downloading a hotel business plan!
Furthermore, are you looking to download a hotel business plan with current financial data analysis? Ok, then, get in touch with us for this hotel business plan template in Nigeria to secure a loan for NIRSAL MFB, BOA, BOI, Common Wealth grant. You can also have it for your future forecast figures.
EXECUTIVE SUMMARY – This is a Sample Universal Hotel Business Plan for Nigerians?
The long-term goal of Complete Hotels Ltd is to provide for temporary lodging, restaurant, bar and RV Park by creating a differentiated experience capitalizing on personal VIP services, the historical nature of the location, and its nearness to the most attractive parts of Central Abuja city. In fact, our plan is to be more than a great lodging, restaurant, bar and RV Park in the city. Therefore, we plan to create an environment of pampered luxury that surpasses the standard fare for Shoprite Spars. Expanding our exposure via the Internet and introducing this evergreen valley to people that have not yet discovered this year-round paradise will position us to maintain a higher than average occupancy rate and then above average turnover.
Complete Hotels Ltd is an established Motel and RV Park. In fact, it has been in operation for the last forty-six years. After taking over from the previous managers after a brief period of becoming established, we added a restaurant to ensure a steady flow of patrons (hunters, tourists and locals) through its doors. We have it in record that the past five owners had only owned the property for two to three years each. This was because the business has not been operated to its fullest capacity and was therefore run down. For us, next spring we plan on adding a full service coin-operated laundry facility. This will comprehensively comprise washing, drying, and optional folding along with a four bay self-serve car wash.
Complete Hotels Ltd plan to operate the hotel as a holiday resort during the months of September to December. During the rest of the year it will operate as a normal resort (January to August). By this plan, therefore, the lodge will be opened year round 24 hours a day, 7 days a week.
Complete Hotels Ltd was originally built in 1990. Each of our rooms is equipped with two double beds. And, a queen bed, and rooms with a second bedroom or kitchenette are available. We have a full-service restaurant. In addition is a bar with a dance floor that provides live entertainment. There is also an eight RV sites with hook-ups. As indicated above, next spring we will be putting in full-service coin-operated laundry facilities – washing, drying, and optional folding – along with a four-bay self-serve car wash. We also have a full on-site front desk service. The buildings have undergone a number of restructurings previously. However, we plan more, possibly adding 10 more motel units next spring.
As Complete Hotels Ltd becomes established through the peak season, we plan to expand our services to the residents of Wuse, Garki and surrounding satellite towns in time for the off-season. As a matter of fact, our large dance floor area is ideal for formal or informal gatherings. Therefore, there are rooms for wedding receptions, club meetings, Christmas parties, family reunions, etc.
Objectives and Goals: This is a Sample Universal Hotel Business Plan for Nigerians?
- To maintain a constant increase in the level of patronage monthly
- To ensure the hotel is 90% plus occupied every monthly
- And to always hire hard working and experienced staff
- To sustain a 15% increase in clientele acquisition yearly
- Leveraging on the use of internet and social media for marketing
- Promotions that enable increase off-season occupancy by attracting people and increasing activities on social media.
Keys to Success:
In fact, these are the reasons why people and organizations will patronize us. So, the primary success key factors for Complete Hotels Ltd will be based on the following factors:
- Provision of a facility that is first class with attention to detail.
- Non-discriminatory services. Therefore, giving each guest a sense that he or she is our top priority.
- Provision of quality continental and non-continental meals.
- Friendly relations with our guests to ensure repeat bookings and referrals.
The mission of Complete Hotels Ltd is to become the best choice in FCT and its environs for temporary lodging by expanding our exposure via the Internet. This we will do with multiple networks and links. Therefrom introducing the area to market segments that have not yet discovered this year-round hunter’s dream. In fact, we plan to be more than a great hotel. Therefore, we plan to create an environment of conveniences that surpasses the standard fare for any competitor.
Complete Hotels Ltd will have every need met to ensure his/her comfort. For special occasions, catered meals, chilled wine, etc. can be provided for an additional fee. As a matter of fact, during the weekends, guests will like to return to the hotel in the evening and find a fine restaurant to dine at before turning in.
This is a Sample Universal Hotel Business Plan for Nigerians
As Complete Hotels Ltd becomes established through the peak season, we plan to expand our services to the residents of Wuse and Gargi which are neighboring cities in time for the off-season. The large dining area can convert into a large area, ideal for formal or informal gatherings. This can go for wedding receptions, family reunions, Christmas parties, etc. The outdoors, with its access to the mountains, opens several additional opportunities. With the capability for a catered reception inside, Complete Hotels Ltd, will make events smooth and easy for the guests. As owners we are doing our best to see that attention to detail and service and good food and drink will be followed by a staff dedicated to each guest.
Components of the business plan:
We have taken time to list under the components of this business plan. Yes, if you want to try it by yourself, follow this outline. On the other hand, our hotel, recreational centres, restaurant, and others in the hospitality and entertainment industry business plan follow this model.
- Executive summary
- Business Description
- Objective and Goals
- Mission and Vision Statement
- Management Team
- Material and Equipment
- Competitor analysis
- Market analysis composed of target market, competitive advantage
- Market trends/ Industry Analysis
- Sales and marketing strategy followed by Sales, Payment options
- Financial analysis made up of all the Business Plan assumptions including Sources of startup capital.
Now, What Next? This is a Sample Universal Hotel Business Plan for Nigerians
Do you know that a lot of people are trying to write their own business plan? You can do so too. It’s amusing when we notice that what people call business plan is the good grammar on the pages of the plan. Go and ask your banker what he wants to see. He will tell you that it’s the financials he wants to see. In fact, he wants to see how the fund you want from him will be multiplied so that you will be able to pay back both the loan principal and the interest at the scheduled time.
Yes, that is our findings. The common problem is on how to generate the financial analysis. You can contact us for this. In fact, this is a service we now render to people even including fellow consultants. So, please, after all of those your good grammar try to get the financials from us.
Our contacts are here.
In fact, for this business plan, you can contact us on +234 8034347851 or firstname.lastname@example.org.
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This is a Sample Universal Hotel Business Plan for Nigerians
Finally, did you click on any of the links above? We deliberately present this comprehensive list of links to help you start off well. In fact, these will help you start and organize yourself and team work.
Founder/Managing Partner of Complete Full Marks Consultants Ltd. An Economist turned Chattered Accountant and Tax Practitioner with over 37 years of industrial experience.