Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Travel Agency:specialising In Tailor Made World Wide Itineraries
LISTING DETAILS
Firms For Sale ID:
24819
Vendor reference:
GP068
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£165,000
Turnover / revenue:
£1,700,000
Net profit / cashflow:
Undisclosed
Years established:
32
Trading hours:
Business hours are currently as follows:
Monday to Friday 9.30am to 7.00pm
Saturday 10.00am to 4.00pm
Number of employees:
4
OTHER DETAILS
Reason for selling:
This is a genuine retirement sale. A stage has been reached where the owner wishes to retire and is 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
Lease terms:
The agency occupies circa 750 square feet premises. The current owner will be happy to grant a new lease at a very competitive rent of approximately £5,500 per annum. Business rates are currently £2,200 per annum.
BUSINESS DESCRIPTION
Travel Agency:Specialising in Tailor Made World Wide Itineraries
Ref.GP068
Location North London
Asking Price £ 165,000
This highly successful travel agency was established by the current owner in 1979. Since that time it has grown steadily and is now regarded as the agency of choice in its locale – a busy area of North London, close to main line train services and bus routes.
The business operates as a traditional high street travel agency yet has developed a niche market as a specialist in the arrangment of tailor made itineraries. Many trips are organised to Greece and Cyprus, reflecting the significant number of people from these destinations living locally. However, there is a large volume of business to all destinations, both long and short haul.
The agency specialises in providing flights, hotels, car hire, insurance and packages to all destinations. As such it is able to offer airline fares direct to the public at a level at which other travel agents find difficult to match. As well as extremely competitive fares, the cornerstone of the success of this business has been its commitment to customer service. This commitment to high quality and personal customer care has earned it a deservedly strong reputation amongst customers and suppliers alike.
Expansion Potential
At the busiest times of the year, especially in the New Year period when most people are thinking about and planning their summer vacation arrangements, the agency often struggles to cope with transaction volumes. This is largely due to the bespoke nature of much of the business sold. With additional staff, who must be experts in their field, even more sales could be generated.
A new owner with additional investment funds available would be able to arrange even more tailor made packages. This would necessitate trips to the most popular destinations to make arrangements directly with hotel owners. This could be an almost full time commitment for a period of the year yet would bring significant benefit and additional sales.