Total of 18657 firms and businesses for sale today Thursday 28th March 2024
Time to Sell or Time to Buy !

Sold. Specialist Tour Operator Wholesaler To The B2b Uk & European Travel Market

LISTING DETAILS
Firms For Sale ID:
34723
Vendor reference:
GP221
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£500,000  
Turnover / revenue:
£575,000
Net profit / cashflow:
Undisclosed
Years established:
5
Number of employees:
5
Employees / staffing:
The business employs 3 full time staff 1 x Hotel Reservation 1 x Operation Staff 1 x Sales and 2 part time staff 1 x Operation Assistant 1 x Hotel Reservation Assistant

OTHER DETAILS
Reason for selling:
The company has been running well over the last 3years with stable profit. The market outlook is good for continued growth, however the business could do with extra capital investment to make the most of the opportunities available.
Support and training:
The vendors are happy to provide support and training to the new owners to ensure a smooth transition of ownership and trading contacts.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Specialist Tour Operator
Wholesaler to the B2B UK & European Travel Market
Ref. GP221
Location : London
Asking Price : Offers in excess of £500,000
Established in 2013, the business designs and sells culture related travel products to the UK and Europe. It is a specialist wholesaler which supplies ground breaking travel products and services. The core business is to serve the fast-growing business-to-business travel markets.
Travel products include
• Series and tailor made leisure tours
• Student culture tours and summer holidays
• Fully independent travel
• All in one travel services
The business is working with large Chinese travel corporations and is the B to B (Business to Business) model. The company is acting as the land operator of UK and Europe for these large travel corporations and is signing up annual contracts and taking purchasing orders from them on a yearly basis. The purchasing order value is various and is for the groups of 20 – 40 Chinese Tourists travelling to the UK and Europe. This business looks after all aspects of the group requirements whilst in the UK/Europe.
This involves movement of the groups from the airport to pre-booked hotels, management of the daily itinerary for the duration of the stay and return travel to the airport. Also the organisation of coach travel, hotels, restaurants, tourist attractions, creation of the itinerary, and being the point of contact to resolve any issues. All international operations are dealt with highly eficiently through the in-house booking system, with fixed and low administration cost.
Currently the business is taking on average under 100 groups per year from clients who are themsleves organising thousands of groups to travel every year. Hence the business volume is guaranteed and can grow in the future with the business acceptance of more purchasing orders.
Currently, the company has over several thousand live hotel and ground supplier contacts and confirmed monthly and annual purchasing orders for 2017.
The business is very competitive in the market, and hold licences which are traceable to the Chinese Travel Administration board. The business is also registered at all European embassies and can provide the documentations to help Chinese applying for a VISA to enter the UK and Europe.

Expansion Potential
The business has grown steadily over the years and has traded consistently having found a distinct niche in the travel market. Due to Brexit leading to the weak pound, the UK inbound travel industry is expecting to grow even stronger than expected in 2017.

So the timing is perfect for the business to grow, however, the business needs extra working capital investment to achieve this.

Currently only operating with one operator in Beijing there is the very real potential to expand to other large cities in China where there are more big travel companies and the guarantee of additional revenue.

There is also the potential to expand out of China and reach out to companies in South East Asia, like Singapore, Malaysia, Thailand, Taiwan and so on.

The travel products on offer can also be extended to include more European Countries than the five that are currently offered the tour products.

Additional investment in developing a customised online platform would lead to business with small family and business groups.

The owner believes that all of the above are an excellent opportunity to take the business forward due to the constant demand for travelling to the UK and Europe from Asia. The business is ripe for further expansion.

Market / Competition / Non-Competition Agreements
The company has not felt the need to advertise. Sales are made direct to travel companies, saving time and cost. The business has an excellent reputation and attracts trade through word of mouth recommendation and referrals. There is also an excellent website to showcase the company and the products on offer.