Total of 18656 firms and businesses for sale today Sunday 28th April 2024
Sold. Travel Agency & Air Freight Agency Middle East & Brazil Specialists
LISTING DETAILS
Firms For Sale ID:
24824
Vendor reference:
GP077
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£79,000
Turnover / revenue:
£1,000,000
Net profit / cashflow:
Undisclosed
Years established:
17
Trading hours:
The business is open during the following hours:
Monday to Friday 10.00am to 6.00pm
Saturday 10.00am to 1.30pm
Number of employees:
4
OTHER DETAILS
Reason for selling:
This is a genuine retirement sale. A stage has been reached where the owners wish to retire and are offering the business for sale not only as an organically expanding going concern but with further significant growth potential
Support and training:
A period of training, familiarisation and handover will be provided to ensure a smooth transition to new ownership
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Travel Agency &
Air Freight Agency
Middle East & Brazil Specialists
Ref.GP077
Location Central London
Asking Price £ 79,000
This highly successful travel agency and air freight business was established by the current owners in 1994. Since that time it has developed to the point where it is the agency of choice in its locale, a busy, very cosmopolitan, multi cultural area of Central London. Being close to many apartment blocks and other residential locations, much of the business is generated from local people. They have proved to be loyal clientele: many clients purchase travel arrangements a number of times each year.
Reflecting the number of local residents with family connections in the Middle East, many flight bookings are made to the region. Specific relationships exist with the following airlines:
• British Airways
• Egyptair
• Qatar Airways
• Syrian Arab Airlines
• Royal Jordanian
• Sudanese Airlines
Destinations in South America, with an emphasis on Brazil are also popular, where a relationship with TAM is in operation.
The business operates as a traditional high street travel agency yet has developed a niche market as a specialist in the arrangment of air travel and tailor made itineraries. Many trips are organised to the Middle East and South America. However, there is a large volume of business to all destinations, both long and short haul. Eurostar ticketing is also popular.
The company also operates an air freight service, with daily deliveries to Heathrow Airport, for onward transfer to all worldwide destinations.
Expansion Potential
Areas for consideration which will drive growth in the business in the future include:
• Sales of a greater number of package holidays.
• Sale of travel insurance (special FSA regulations apply).
• More sales of car hire packages.
• Develop corporate market. Less than 5% of annual sales are from this important area which can be developed with additional effort and focus.