Asking price: £450,000

Sales revenue: £7,000,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
This is a highly successful independent travel agency which was established in 1977. The business specialises in tailor made holidays, short breaks, package deals, weekend breaks, business travel or scheduled air travel. There are eight excellent prominent retail outlets with permanent staff, which are open six days a week. The business offers its own tailor made quality holiday packages, which have all proved to be excellent revenue generators and is recognised for its excellent service and value for money.

This successful business is the primary destination for customers who are looking for fun and exciting vacation getaways. Agency locates affordable vacation packages for its large list of loyal repeat customers who return for the exemplary service. Business has great growth potential for an owner who is highly motivated. This business does little advertising, what it does is limited to local papers and their website, but revenues could increase with a proper advertising and marketing plan.

The business is registered and members of the main travel bodies including IATA (International Air Transport Association) and ABTA (Association of British Travel Agents). This travel agency offers a friendly Foreign Exchange service to their customers with the best rates and commissions. The company has a Rail Operator licence and can offer tailor made, rail travel based holiday’s throughout the UK and the Continent and to all major European Cities.

The business has strived to build and maintain long-term professional relationships with its customers that endure because they are based on mutual benefit. Providing high-quality service to all customers at all times. This travel agency enjoys a large repeat customer base as a result of more than 35 years of excellent service.

This is an excellent opportunity to enter the travel sector with an established, well-respected, brand name, popular location, highly reputable business providing good net profits and at the same time giving excellent potential for further growth. The well-trained staff and loyal customer base all combine to form an excellent opportunity for ongoing growth in this highly profitable market.

Equipment:

The business is fully equipped and new computer systems have recently been installed ensuring that the business keeps abreast with the latest technology with Sage Accounting and Payroll Software and MICROS Traveller front office software.

Customer Service:

The business has a large database of 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. The company are proud of the service that is offered to customers. These services are broad and represent the company focus on responding to customer needs.

Key Strengths:

This very personal and efficient service ensures high levels of customer satisfaction, generates significant repeat business and continuous customer referrals. Not surprisingly a large volume of customers return time and time again to take advantage of the high levels of service and excellent prices available when booking their travel with this business. The Rail Operator Licence is an additional advantage which is rare in this business sector.

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.

The business is financially stable with low overheads, positive cash flow, high gross and high net profit and has shown consistent growth over the years. The aggregated turnover of the business is circa £7,000,000, with an adjusted EBITDA circa £200,000 and net assets value circa £80,000.

Years established: 1977

Employees: The owner is responsible for the day-to-day management of the business, supported by twelve full time employees and three part time employees

Trading hours: Monday to Friday 9.00am to 5.00pm Saturday 9.00am to 4.00pm

Property: Leasehold

Location
The business operates from 8 separate locations situated in prime locations and are leasehold, details available as required.

South Eastern Home Counties

Expansion potential
The company has one of the few Rail Operator Licences in the UK and can offer tailor made, rail travel based holiday’s, to major European Cities, offering an ideal area in which to expand. Currently the business does not advertise or optimise this lucrative opportunity. Opening on Sundays will also bring more customers and increase revenue to the business.

Competition / Market
The business has an informative website which allows the user to easily access the large range of products on offer. The business has found that the site has performed well and consistent growth will be achieved by building on this success. A large percentage of new clients derive from referrals and the business regards existing clients as their best advertisers. Effective marketing for this business comes from its prime locations and the strong word of mouth recommendation this business enjoys is testimony to the excellent reputation this business has, particularly amongst its regular Clientele.

Support & training
The owners would be happy to help out with a smooth transition of the business and help in any way possible.

Reasons for selling
This is a genuine retirement sale.