GP042-Well-established profitable chain of niche travel agencies specialising in tailor-made itineraries and family holidays
Business for sale
Asking Price:
£2,350,000
Turnover:
£8,700,000
Annual profit:
£505,000
Audited accounts:
Yes
Management accounts:
Yes
Years trading:
8
Employees:
No
Photos:
No
Ownership:
Sole trader
Business description
Started from just one Central London location approximately twelve years ago, and now with three outlets, all in prominent retail locations in some of the most up-market areas of Surrey, this family owned business is perhaps one of the most successful, independent, privately owned travel companies in the South East.ABTA, IATA and ATOL registered, this business is also a member of Triton Consortium and deals with Clients at all levels - from ordinary holidaymakers through to a large hospital account and various corporate accounts in oil, computers and education on to many local businesses including a mining company, publishers, jewellers, solicitors etc. As well as specialising in Holiday and Resort bookings, dealing with corporate and individual requirements, this business has also established an excellent presence in the music and dance as well as sports industries.
Although with many of its Clients, price is not necessarily the determining factor, this business is able to offer excellent value for money on flights, hotels, car hire, insurance and packages from the complete range of travel service providers, negotiating on behalf of its customers with tour operators large and small to secure the holiday that most suits a Client’s needs.
As well as finding the best value for Clients, the foundation of the success of this business has been its commitment to customer service. This business prides itself on the high levels of knowledge and expertise available from its well travelled and highly trained staff, offering a thorough, unbiased service, together with the personal, friendly touch expected from a truly local travel agent. Careful attention is given to every detail to ensure bookings meet every aspect of a Client's travel plans. This business responds promptly to customer's queries, requests for itineraries and availability checks and to assist in as many other ways as possible to ensure booking with this organisation is a pleasure.
This commitment to high quality, personal and friendly service has earned it a deservedly strong reputation amongst customers and suppliers alike, ensuring that every booking is exactly to customer requirements and represents excellent value for money. 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. Whilst average booking values are in the region of £4,000 it is not unusual for this business to arrange a £25,000 travel itinerary.
With a turnover for the 2004/5 financial year in excess of £8.7m generating net operating profits of £505,800, this business represents an excellent opportunity to acquire three very well-established travel outlets and a major foothold in a highly travel-minded, very affluent area of the South East
