Gp077-asking price £350,000-central london-travel agency & air freight company

Asking Price: 350,000 £ Real Estate: Lease
Sales Revenue: 1,500,000 £
Net Profit: 1 £
Year Established: 1994
Employees: Not Disclosed
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/City of London/London

Business types:

Services

Business categories:

Travel Agencies

Business description

Travel Agency & Air Freight Company: Superb development potential Confidentially offered for sale Ref No: GP077 Location: Central London Asking price £350,000 Asking price includes: Turnover circa £1,500,000 per annum High gross margins Excellent reputation for customer service Circa 3,500 customers per annum 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. The agency is fully bonded with both ATOL and IATA.

Additional information

Additional information: Not Disclosed
Support & training: Not Disclosed
Reasons for selling: retirement
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: Not Disclosed
Location: Not Disclosed

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