Asking price: £59,000

Sales revenue: £960,000

Net profit: < £100k

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
We are delighted to offer for sale this highly regarded travel agency holding a prime street front location in one of the busiest shopping and leisure areas within Manchester. Established in 1973, the business has built up a regular loyal client base and a reputation for friendly, competitive and reliable service. With the addition of ABTA bonding, the agency holds the facilities expertise to provide a comprehensive professional travel services to both business and leisure clientele.

This is a strong and healthy business generating sustained and continued growth in both sales and profitability.

The price also includes all fixtures and fittings, bookable website, computer software, hardware and database. The agency has also been recently updated to a high standard.

Located on the ground floor with highly visible street frontage, retail sales area, and 2 rear office suites with separate access, staff dining area, W/C. There are also large dry cellars with heating, power and telephone points.

Years established: 36 years

Employees: 2 Full Time and 1 Part Time Staff. We also have two fully trained occasional staff members who can cover busy periods and holidays.

Trading hours: Mon - Fri: 10.00am – 6.00pm Sat: 10.00am - 2.00pm

Property: Leasehold

Lease terms
Length: 10 or 25 Years Rent: £16,000 P/A

Location
Located on Wilmslow Road, one of the main roads leading to the city centre, Close to saint Mary's hospital and
Manchester University.

Expansion potential
This is an excellent time and opertunity to invest to invest in an established, growing and profitable business with huge potential for development and expansion. A new owner with drive and enthusiasm will have every advantage by building on this excellent platform for success. All sales are generated from the high local footfall, repeat custom and personal ‘word of mouth’ recommendations. To date, little advertising has been required beyond email newsletters to existing clients. The business could easily be expanded with additional marketing. Extra staff or extended opening times can increase sales simply by converting more existing enquiries. The management own some excellent domain names presenting a good opportunity for expansion of sales via the web.

Competition / Market
The nearest ABTA travel agent 1 mile away.

Support & training
Support and Training will be available to ensure a full and seamless handover. We also have the majority of requirements for IATA licensing and could assist with or obtain IATA/ATOL accreditation if required.

Reasons for selling
Genuine reason for sale. There are two partners in this business; one currently managing the business is emigrating from the UK.

Related website: www.skynet-uk.com

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