Asking price: £595,000

Sales revenue: £9,000,000

Net profit: £170,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Travel Company – Four Retail Branches plus Home Workers – Specialists in Long Haul Tailor Made Holidays

The business was established in 1983 and has been under the current owners stewardship since 2005. The company specialises in long haul tailor made holidays to destinations such as Australia, New Zealand and Africa, to name just a few, whilst also providing an excellent service to clients who wish to spend their holidays nearer to the UK including European destinations.

The company operates on two fronts. There are four, excellent high street retail sites with permanent staff, which are open six days a week, plus there are circa 32 self employed home workers who build up their own client base, working on a commission only basis on behalf of the company.

The business is well established with retail sites in good locations This business has a solid turnover with a loyal clientele and with good opportunities to grow the client base by taking on further home workers around the UK.

This is a company that has a sound turnover and profit. It has good cash flow and runs smoothly with an expertise in their field which is second to none. They have a team of experienced agents who run the travel agencies and all of the home workers are given thorough training on a regular basis.

Customer Service:

Customer service is paramount to the success of this business. Reputations are built and lost on how good the team are at customer care and all the staff pride themselves on making life as trouble free and simple as possible for their clients. The company and their staff are experienced specialists in long haul tailor made travel and give their customers a truly professional service

Key Strengths:

The business has been developed in such a way so that it can cater for the most demanding of clients. The experience that has been gained over the years gives the company the flexibility to organise and plan the most difficult of holidays.

The bedrock of this agency’s success has been the outstanding reputation it has earned with both clients and the travel industry. Outstanding relationships exist with airlines, consolidators and tour operators. This ensures that the most complex arrangements can be readily provided to the discerning clientele as well as more simple requirements.

With the mix of business coming from both high street retail sites and home workers, who on the whole are responsible for their own leads, it gives the company a distinct advantage on the general run of the mill travel company.

The company are registered and members of the main travel bodies, including; ABTA, IATA, ATOL, ATOC, AITO, ACE, LCA, and are members of ITT

The company runs an excellent website and produces a twice yearly newsletter that is totally funded by their tour partners and can be sent by either hard copy or by e.mail. They also frequently advertise in high end magazines.

The business is well run with good cash flow and no bad debt. They have an expertise and knowledge second to none in all forms of holiday travel. There is excellent scope for growth within the company.

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.

Sales Turnover £9,000,000, commissions gross £1,000,000 per annum with Adjusted Net Profits of circa £172,000.

Years established: 1983

Employees: There are three directors within the business who look after the major decisions within the business. There are four managers who look after the running of the branches plus 20 other sales travel advisors 12 of which are part time. At present there are 32 self employed home workers who are daily increasing the turnover of the business.

Location
There are four high street locations, one of which acts as the head office. The locations are split with two in the North of England, one in the Midlands and one in the South East. Home workers are based throughout the UK.

Expansion potential
The company has grown steadily over the years and the owners believe that there are excellent opportunities to take the business forward over the coming years. The company were the pioneers of the home workers in the travel industry and they are the only travel agent in the UK that can take on home workers with no previous experience and allow them ABTA accreditation. This benefit could lead to an extension of home workers across the UK bringing in further revenue to the business. There are a number of other opportunities for the business to grow which include, the instigation of a foreign exchange facility within the company and to actively pursue with group travel bookings. They have been trading consistently over the past twenty six years built upon the company reputation and through word of mouth recommendations. The company is a AITO special travel agent, one of only 150 in the UK that can deal with smaller and more specialist companies. The owner believes that with further investment from a new owner, and with fresh ideas and enthusiasm, the business can grow to a new level.

Support & training
The owners would be happy to help out with a smooth transition of the business and help in anyway possible. They are prepared to help for a period of time to introduce the new owner to all of the major connections that the company deal with on a regular basis.

Reasons for selling
The owners have been working tirelessly to build the business up. They believe that the business needs further investment to take it forward to the next level and this would be a perfect time for someone to take the company forward.