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Real estate and property · Service

Short-let apartment business

Lease and furnish apartments, then rent them nightly to travellers and visitors

Money to start
₦12m – ₦30m
Profit a month (estimate)
₦500k – ₦1.8m
Money back in
14–30 months
Today2 years
Your time
Part-time with a caretaker, about 2–3 hours a day

Figures checked: not set yet

Overview

A short-let business leases apartments with the landlord's written permission, furnishes them and rents them by the night to travellers, business visitors, diaspora families home for the holidays and people in town for events. A second route is managing other owners' units for a commission. Hotels in Lagos, Abuja and Port Harcourt are expensive, and many guests prefer an apartment with a kitchen and more space.

You make money when nightly bookings cover rent, power, cleaning and service charges with something left over. Occupancy decides everything: a well-placed unit that stays booked can pay its way, while one that sits empty loses money fast. Many people underestimate power costs, estate rules against short-lets and the work of turning a unit around between guests. It suits someone with serious capital, an eye for detail and a reliable caretaker.

Works well in Lagos, Abuja (FCT), Port Harcourt, Ibadan, Enugu

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Costs line by line, suppliers, permits and every step to start.

One-off ₦30,000 to plan a ₦12m – ₦30m start-up.

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Inside the full plan

  • Type and scaleProduct, service or skill; small, medium or large
  • Start-up costMinimum, average and ideal capital, and what the money is spent on
  • Expected earningsTypical revenue, profit margin and time to break even
  • RequirementsEquipment, space, staff, skills and licences
  • Legal sideRegistration, permits, taxes and basic compliance
  • MarketingFinding customers, pricing and promotion channels
  • Suppliers and sourcingWhere to buy stock or tools at good rates
  • Location fitWhere this idea performs best
  • Alternative routesOther ways to start or grow it if the first plan does not work
  • Funding optionsSelf-funding, partnerships, loans, grants, starting small
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Figures are estimates based on current market prices and typical results. They are not guarantees. Your costs and earnings will depend on your location, prices on the day and how you run the business.

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