Broker Name:Stephen Lee
Broker Email:info01@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Prime Area High Volume World Travel
(Travel Related)
Tarrant, Texas
Listed Price: $ 725,000
Listing ID: 000854

Listing DetailsDown Payment: $ 362,500
Gross Revenue: $ 859,439
Cash Flow: $ 369,599
FFE: $ 20,000 (Included in Price)
Reason for Sale:

Other Opportunities


Training & Support:

The owner of the business will provide the necessary training needed to smoothly transition into the business operation.


Listing SummaryBusiness Description:

Prime location high-end travel agency with full service premium and luxury travel plans is available for acquisition. This business was originally established over a decade ago in 2006 by the current owner of the business. Competition can be expected for any type of business industry, but this business has no true competitor within the immediate market area and this industry isn't cluttered with many competitors as each travel agency spread wide apart. Most of the customers are adults that are retired or families from the surrounding densely populated residential neighborhoods as well as the nearby adjacent cities populated with upper-class individuals. Net sales average was $500,000/year that has been steadily growing each year as the population grows within the local area as well as many of the families in this city having large amounts of disposable income. Online marketing and local marketing is currently utilized to generate more cash flow, but other local proactive marketing is needed to acquire new untapped customers and generate more cash flow. There are many ways to proactively market this business within the local area such as direct mailing, door hangers, social media outlets, senior discounts, family bundles, magazines and hiring more sales people. Hiring additional sales people will increase the fluidity of transactions between the business and customers while allowing the owner time to focus on active marketing within the area to bring in new customers. The online marketing done through their website and phone application had brought immense traffic to their business which can still be improved upon. New technology was also implemented at this business called VR (Virtual Reality) that allows the customers to have a look at their travel destinations directly in front of their eyes and allows them to feel assured on their travel services that also has full insurance coverage if needed. This travel agency has everything in place for a potential buyer to come proactively market in the local area as well as being fully involved in the day-to-day business operations.


Competition:

There are no direct competitors to this business within the immediate market area.


Potential Growth:

Lots of marketing is done at this business, but this business has much more potential to grow if proactive marketing is done to the untapped areas of the area.


Financing/Terms:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 1355
Facilities:

This business is located in a 1,355 SF retail strip center that is surrounded by many nationwide retailers and restaurants that bring immense traffic to the area.


OperationYear Established: 2006
Employees: 4FT
Absentee Owner: No