Service Apartments with a Twist (Income generation model turned on its head)

Most business ideas suffer from an income generation perspecvtive. The idea might be sound but the issue of income genration always seems to dodge the idea and this is why a majority of ideas are tossed out of the window from the onset.

The ideas found on this pages always appraoch from an income generation prespective and seek to create MULTIPLE income streams.

For instance - if you would consider the property market in Nigeria and you will agree on two major premises:

• Properties costs are normally exorbitant because owners are trying to earn back the capital and return on investment at the same time in the shortest time possible.
• The earning power of most persons and cost of living are fairly high in lagos and this impacts the choice of location.

Typically the avreage worker may live distances that are far removed from his working environment.
It may require that he wakes up at very odd hours (4 am - 5 am) and start the rigors of preparation. They would have to make seperate arrangements for such things as laundry services, feeding etc while paying a significant portion of his income as rent proceeds.

In comes my model of service apartments.

My model calls for a slightly different approach from the traditional estate model - without the large number of houses. Instead High rise apartments (maximum of three to four of such) -all  to a maximum of five/six floors.
Each  consists of a service flat (which may come in on or two bedroom configurations) with a dinning area, sitting room and toilet and bathroom.

The real ploy is not actually the property but the services that can be sold to the occupants.
The aim is to ensure that every service requirements of the occupants is met WITHIN the service complex - they will spend a good portion of their income WITHIN the service complex and thereby generate a significant amount of income for the service complex owners.

Services include but are not limited to:
Salons (men and women)
Social hangouts within the service complex
Gymnasium
Drycleaning services
Car rental services and pickup services
Kitchens (for breakfast, lunch and dinner)
Fastfood joints etc
Cinema
etc.

Thus a significant service will generate consistent income streams outside the typical rent bracket.
Services are metered out and occupants pay for only the services they require.

Based on the pace of life - it would be a welcome convinience to have all the chores taken away from your hands, while you focus on the immediate comforts andd requirements that make life easier for you. If you so wish - you can join a drop-off service (another extra amenity) to a location that is close to your office or working place.