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Specialist Travel Agency
(ABTA, IATA & ATOL Certified)

Ref. GP203

Location : Kent

Asking Price : £130,000

Turnover : £1,200,000

Net Profit : Undeclared

Gross Profit : Undeclared

EBITDA : £35,000

Net Asset : Undeclared

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

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Asking price includes:

Turnover of c. £1,200,000 per annum
Net Assets c.£TBC,000 (from 2017 accounts)
Adjusted EBIT £35,000 (before Directors’ drawings)
Main Road Leasehold
Genuine Retirement Sale

26 years of successful trading
Excellent repeat customer base
Well fitted premises with full facilities
Knowledgeable, experienced and motivated employees
All assets including fixtures & fittings
Prominently situated Village Retail Parade site
Goodwill

Business Profile

This fully regulated business was set up by the vendor in 1993 and as an Independent Travel Agent and a member of the Advantage Travel Partnership, provides a comprehensive travel agency service for customers from the standard package to those with more complex holiday & travel plans that usually include multiple destinations and travel modes, within the busy region it is located within. The business has gone on to build a sterling reputation in the area during this time and provides advice, booking and research services to the local community and beyond.

The business holds the usual licenses and accreditations required for a busy and successful travel agency including ABTA, IATA and ATOL.

The business caters for all kinds of holidays, not just regular flights, but holidays and trips with complicated itineraries and also honeymoons and tailor made package holidays, Tours and Excursions across the world.

Through its various contacts the business sources all of the hotels through its suppliers and finds the best possible price, as rates can vary from one supplier to another. As part of its activities, ancillary services are also offered such as travel Insurance, theme park tickets and airport parking.

The business enjoys very high levels of referrals and repeat business from a loyal following of customers. So much so that the business can boast significant and active client base of regulars, many of whom span generations of the same family. The majority of clients are leisure but the business could manage business clients also.

The agency is very sucessful and highlights include:

• Loyal long term customers
• Competitive cost-negotiatons for customers
• Solutions to complex travel requirements
• Very strong referral rates among customers
• ATOL and ABTA registered

The vendors have an excellent, small team of staff including two full-time consultants and a part-time IT manager and part-time cleaner. Staff are fully conversant with the latest techniques and process and the business is compliant with all necessary regulations and codes of practice.

Equipment:

The business has a comprehensive range of equipment as you would expect from a very well established travel agency. All equipment is included within the sales price.

Customer Service:

The business offers an excellent standard of service and is proud of their attention to customer care offering professional advice and highest quality problem solving. This is evident in the very high levels of repeat business the agency enjoys.

Key Strengths:

The business has many strengths including

• Enviable reputation in the region it serves
• Large customer base
• Exceptional levels of service
• Repeat business levels and referrals
• Significant investment in infrastructure
• Highly knowledgeable employees
• Profitability
• Location

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.

Turnover of c. £1,200,000 per annum
Net Assets c.£TBC,000 (from 2017 accounts)
Adjusted EBIT £35,000 (before Directors’ drawings)
Main Road Freehold

Asking Price:

The Asking Price of £130,000 is for 100% of the issued capital of the company, assuming Net Assets of circa £TBC,000 on completion (calculated on a zero cash-zero debt basis). The final selling price will have a £1 for £1 adjustment for any rise or fall in this benchmark Net Asset figure of £TBC,000 at completion.

Advertising and Marketing:

The business participates in the Advantage Travel Partnerships Direct Marketing Programme. In addition, the business supports community project wherever possible with advertising.

The Company has a comprehensive and informative ‘white label’ website detailing the services and packages offered.

Growth and Expansion:

The business has enjoyed steady trading over its lifetime and this is expected to continue in light of its growing and loyal customer base. In addition, the Company participates fully in the Advantage Travel Partnership Direct Marketing programme. The DM includes regular drop leaflets to the immediate vicinity, monthly marketing material posted and emailed to both past and existing customers from the Company’s extensive database of past customers.

The business is well positioned to take maximum advantage of this growth as it occurs as it has the necessary infrastructure in place.

Premises:

1,400 sq ft shop front and office.

Premises are leasehold for 5 years.

Business Hours:

Monday – Friday: 09:00-17:30
Saturday: 09:00-17:00
Online: 24/7

Employees:

The vendors work within the business on a day to day basis and employ two full-time consultants and a part time cleaner. All staff are highly experienced and real assets of the business.

Support and Training:

The current owners would be happy to provide full training and support at handover.

Reason for Sale:

The vendors are retiring.

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

All enquiries or requests for additional information should be submitted or directed to Turner Butler (e-mail:sales@turnerbutler.co.uk), telephone Head Office: 01895 256000.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

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This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

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Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk