Oliver’s Travels: Why starting a business with a buddy is a good idea
After finishing university it’s pretty standard for young Brits to go on a blowout vacation before settling down into corporate culture. However, these two school friends were that inspired by their 32-person trip to a French chateau that they went home and started their own property rental business.
With over 14 years of experience, Oliver’s Travels, run byoliverbell and RavI Sabharwal, is now the perfect choice when it comes to pairing customers with quirky and unique holiday homes.
Business Advice caught up with Sabharwal to discover how far and wide their properties span and what’s next for the duo.
Who are you and what is your business?
Oliver and I are old school friends, and ever since I can remember, the plan was always to start a business together. Once our respective gap years and degrees were secured, that’s exactly what we did.
As the years have passed, the brand has aesthetically and technically had ongoing changes, but what remains the same is that we continue to rent the coolest, most diverse, quirky and exciting collection of luxury villas and castles ever assembled throughout Europe and the Caribbean with more destinations launching very soon.
Where did the concept come from?
Oliver and I went on a chateau holiday with university buddies to the Dordogne in southwest France. The intention was to book a cheap but a rather large property. However, what was booked was a great deal more exciting than that (with bells on).
Convinced of the ensuing idea to rent castles, I was persuaded to jump ship from Quintessentially, and we launched Simply Chateau where we sold beautiful chateaus and manors for vacancies to families and students alike!
How did you fund your business?
Olly and I are immensely proud that we have retained full ownership of the company. In fact, we started the company in a negative position with the bank as we were laden with debt (what student isnt?).
Still, to this day, we have no overdrafts and no loans, the company has successfully been built organically.
What were some of the biggest challenges you faced when launching?
The biggest challenge was building enough product to be able to launch. Once we had around 50 properties, we self-taught ourselves to build a website from scratch (as we hadnt the funds to seek expertise!) and waited anxiously for our first transaction. This followed 6 months later after we first shook hands to kick off Simply Chateau.
What’s your biggest achievement to date?
The staff that make Oliver’s Travels what it is today. We’ve been incredibly lucky in recruiting some very clever and wonderfully talented individuals. Olly and I couldnt be prouder of team OT.
What marketing strategies have you used?
In the old days, it was merely word of mouth and leafleting! Today we use several strategies and rely on Google, SEO, PR, content & social media and of course, our loyal and increasing gang of repeat bookers.
In five years? time, Ill be?
Oliver and I will be running the biggest villa company on the planet. We had a slow start, but my word are we catching up. You heard it here first!
Who are your business heroes and why?
It would have to be Del and Rodney Trotter. Never stop believing and this time next year you really might be that millionaire.
What advice would you give to aspiring entrepreneurs?