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Lettings & Property
About Approved Serviced Apartments
Approved Serviced Apartments was established in the UK in 2016 and has its headquarters in Manchester. The company selects suitable properties and then carries out any necessary renovations or refurbishments and provides serviced accommodation for business and leisure travellers on both short- and long-term stays.
Their portfolio of accommodation has grown very rapidly and includes a very wide range of property types from modern one-bedroom apartments to mansions. Some properties are very luxurious and offer facilities such as gyms, swimming pools, or panoramic city views. Regardless of size and amenities, all properties are immaculate and well-appointed.
The properties are fully serviced and equipped, and the company places an emphasis on comfort, style, and convenience. These properties are aimed at the increasing self-catering market with both leisure and business travellers moving away from traditional hotels. The company uses the latest technology including self-check-in systems for added convenience and a website that offers booking facilities. In addition, service staff are always available if a guest requires assistance or information.
Further corporate growth has resulted from Approved Serviced Apartments recruiting partners or franchisees who can add further properties to the portfolio and market and sell accommodation to customers.
How does an Approved Serviced Apartments franchise work?
The company not only owns some properties it also makes use of online agents and networks such as AirBnB. As a partner or a franchisee, you don’t even have to own a property. You would use the Approved Serviced Apartments bespoke marketing systems to generate a steady flow of bookings at the various properties within the network. The company claims that this allows franchisees to earn income 24 hours a day and year-round.
Since its launch, Approved Serviced Apartments has developed an eight-step system which they claim allows their partners/franchisees to build a successful, expanding business that generates a good return on investment quickly. This is the same system they credit with allowing the company to develop a property portfolio worth £10.5 million.
How to become a franchisee
In order to obtain more information or commence the process of applying to become an Approved Serviced Apartments franchisee, you must enter your details into the enquiry facility of the company website.
A team member will then contact you to schedule an initial telephone discussion so that you can ask questions and both parties can learn a little about each other. If, at this point, you still feel that this is the opportunity for you, you will be invited to attend a discovery day at the company’s head office in Manchester. These days give you a chance to find out more and, if you and the franchisor are ready, to get the formal application process underway.
How much will I need to invest?
There are a couple of options available with franchise fees of £25,000 + VAT to £40,000 +VAT. The details will be discussed with interested and suitable applicants.
What will I get from Approved Serviced Apartments for my investment?
In exchange for your franchise fee or investment as an Approved Serviced Apartments partner, you will be provided with:
Training: You will be put through the eight-step partnership program that will teach you the business formula and operating procedures you will use. You will also be trained on the company’s online systems for bookings and financial management.
Support: The company will, based on its strict criteria, guide you in terms of selecting and investing in properties and building a stream of bookings through you own online system.
Furthermore, the franchisor undertakes to offer all their partners ongoing support in order to help them to achieve success.
Do I need experience in the property sector?
No, you do not need property or hospitality industry experience.
What qualities does Approved Service Apartments look for in their franchisees?
As a partner or franchisee, you need to be honest, hardworking, ambitious, dedicated and committed to making a success of your franchise business, have access to the necessary capital/funds, possess initiative, and prepared to accept full responsibility for your business and actions.
Do I have to pay anything monthly?
Yes. Fifty per cent of all your booking fees are paid over to the franchisor. These are deducted before you are paid so the money that is deposited into your account is yours to keep. Depending on where you chose to operate (home versus small office) you will also have some monthly overheads.
Where does Approved Serviced Apartments operate?
There are currently multiple locations of various types concentrated in Manchester and Chester and their surrounds. Many of these are owned by Approved Serviced Apartments. However, the company is always interested in expanding its ‘online hotel empire’ and has numerous properties elsewhere.
Will I be able to get the location of my choice?
You would have to enquire directly with Approved Serviced Apartments in this regard.
What are the average earnings from a franchise?
The company claims that its partners can generate six figures monthly within the first six months of operation. On their website they provide several case studies involving current partners and their earnings net of the fifty per cent booking fee that Approved Serviced Apartments charges.
Is income guaranteed?
As with any business venture, income is not guaranteed as it depends on several factors including the amount and quality of work done by you as the franchisee. The level of earnings is affected by the number of properties you look after and their location as the latter can affect how popular the accommodation is.
How soon will I start making money?
According to the company, you should start to generate income within the first few weeks.
Do I need to do my own marketing?
Marketing and sales issues are discussed with franchisees during initial discussions and training.
What isn’t included when I purchase an Approved Serviced Apartments franchise?
You will be responsible for any monthly expenses you may have such as your telephone account, a computer, and access to internet.
Is this the best franchise of its kind in the UK?
Approved Serviced Apartments states that the greatest advantages of a franchise or partnership with them is the ability to benefit from the rapidly growing demand for serviced and self-catering accommodation and, secondly, earning income in exchange for a reasonable franchise fee and without needing to invest in property or other infrastructure.
For more information on Approved Serviced Apartments, use the Enquire Now form on this page.