| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 107,858 TIME(S)
BUSINESS REFERENCE : GP092 / RightBiz TRAVEL AGENCY | | | | | | Travel Agency Confidentially offered for sale Ref No:GP092 Location: South Wales Asking price: £125,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Travel Agencies | | SALE: | Agent Sale | LEASEHOLD: | £125000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This company was established in 1981 and bought by its present owner in 1993. It specialises in providing bespoke holidays to a wealthy client base that has been built up over many years of successful trading. In particular it has captalised on the growing demand for cruise holidays and generates strong repeat business in this sector. It also has established a number of corporate accounts satsifying the diverse and complex travel needs of a growing number of locally based businessmen.
Technology:
The company has invested in two software packages, Easysell /Triton search / sell facility and Sapphire back office suite.
Customer Service:
The business has a database of circa three and a half thousand customers many of whom have been booking through this business for a number of years. They enjoy an excellent level of personal service from seasoned professionals who know their clients and are therefore able to find locations or activities that specifically suite that individuals aspirations. This is the sort of customer care that normal tour operators and web-based companies could not provide.
Key Strengths:
Well located in an area of significant up market residential development.
Well established with an excellent reputation.
Strong client database
Good profits
Growth and Expansion:
Because of the location of this business there is a real opportunity to attack the corporate travel sector in a more defined and structured manner. In addition the demand for cruise holidays is one of the largest growth sectors in the travel industry and as the company already has a wealth of experience in this area it is ideally positioned to make further inroads in this profitable arena.
The company owns some excellent domain names presenting a good opportunity for expansion of sales via the web.
Employees:
5 Staff ( inc, 1 Part time), Managing Director – Finance/Marketing, Corporate Business Manager – Flights/Luxury Tailor Made, Senior Travel Consultant – Team leader/Cruise Expert (ACE Qualified), Senior Travel Consultant – Administration, Senior Travel Consultant – Ski/Weddings
Advertising and Marketing:
The business has a well-optimised web site, carries high quality point of sales material and carries out direct mailing activities. This is backed up by holiday open days at the shop.
The company has recently commenced working with local schools on a new initiative.
Premises:
The premises are leasehold at an annual premium of £12,400. The double fronted shop occupies a high profile corner site on one of the key trunk roads into the city centre.
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. Turnover is in the region of £1.35 million with gross profits being circa £165,000. Adjusted net profits are around £50,000.
Reason for Sale:
The managing director has a developed a property portfolio which they would like to develop further over the next few years.
Support and Training
A full and seamless handover will be available for a period to be agreed as part of the overall negotiations | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | GP092 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
