Pass The Keys
- Investment sought:
- Equity offered:
for 7.04% equity
Pass the Keys is a leading tech-enabled short let management platform. To date, we have hosted +30,000 guests and earned £15M for our hosts.
Our vision is to become the biggest short let management company in the world by creating unparalleled opportunities for entrepreneurs, hosts and guests.
Managing a short let property on Airbnb/Booking.com is very lucrative but involves a lot of work:
Pass the Keys delivers all the requirements for property owners looking to take advantage of the short-term letting market. We do this through a scalable technology solution backed up by a 24x7 Guest Support helpline. Here is what we offer:
The market is massive: more than 7 million homes on Airbnb and 6 million on Booking.com.
However it is also very fragmented: short let homes are spread across more than 100,000 cities globally.
To solve this challenge we have built a platform for entrepreneurs who in turn manage all the physical activities of this service.
A franchisee makes money by charging the host the management fee (18-20% of booking value) and the cleaning fee for each booking.
The interests of our franchisees are 100% aligned with those of the hosts. They only make money if the hosts make money.
As a platform we generate revenue through an upfront franchise joining fee (£12.5k) and an ongoing revenue share with franchisees (4.5% of booking value).
Our interests are also 100% aligned with franchisees and hosts. We make money when our partners and hosts make money.
This is the team that makes magic happen!