Family AsSets Travel

Family AsSets Property is an accommodations and amenities on-line concierge subscription base vacation rental business. Despite the sharp increase, the market size of tourism worldwide remained below pre-pandemic levels, totaling around two trillion U.S. dollars in 2022.1 As forecast, this figure is expected to rise to nearly 2.29 trillion U.S. dollars in 2023.1 Currently the on-line travel industry is estimated to be 543billion in 2023, and 1.8 Trillion by 2030. Family As Sets Travel will serve as the Amazon and Netflix of travel, and capture a significant market share of this market. 

What is going to set Family AsSets Travel and Jante’ Travel Lux set itself apart from every other online vacationing sites and apps, is it’s contribution to the mission. A portion of the net proceeds of the properties revenues will purchase housing for underrepresented communities in the areas that the vacationing dollars are being generated. Family As Sets Tenet, a non-profit will lease the properties at a discount rate to provide low-income or underserved target groups housing and services.

 

For example, a 6-bedroom mansion in the Hampton’s will provide for the purchase of a 10-apartment complex to house 10-homeless shelter families in Brooklyn, and eventually mentor each 10 of those families into their career and life goals, and then to home/condo ownership. The alleviation of the day-to-day barriers of success( i.e., childcare, medical, education, etc.) will help propel people into their full life’s potential for generations to come. It is estimated that each property will provide housing for 8-12 families per year, and 9 properties will have rehoused 540 families (more in less industrialized communities) in a 5-year period. This mission will resonate with potential clients and partners, and create brand loyalty. 
 

Family AsSets Travel is in the seed round and seeking $50,000,000 for 10% of common stock to purchase properties through off-market sources for 50% of their market value, build infrastructure for marketing and sales, and pre-pay amenities service.

 

In the first year rental performance on owned assets at 50% capacity is $12,813,000. Leasing and partnering with resorts, hotels, home owners and others for additional units will generate $7,800,000. Subscription income with 260 subscriptions per year at $24,000 on average is estimated at $4,043,000, and amenities assuming three vacations per member and $5000.00 (Jet, Yacht trip, groceries, chef) is estimated at $1,080,000. First year pre-tax net revenue of $25,736,000.  With depreciation of $11,000,000, donations to the housing program, and expenses makes most of that tax-free. 

 

If your next vacation was tax deductible and helping the less fortunate of the world, wouldn’t you do it more often?