Lucrative and Exotic Group Travel Specialist

Detroit, MI

Seller Financing Available

Cash Flow:	$470,000
FF&E:	$5,000

Gross Revenue:	$3,700,000
Established Year:	1971

Listing ID: 2256350Listing provided by BizBuySell

BUSINESS DESCRIPTION

Lucrative and Exotic Group Travel Specialist

Born from a love of travel to exotic locales, the Seller has found a unique intersection between an exciting and a lucrative business. He has built a unique business that can be a scalable growth company or a lifestyle business. In this case, the Company plans, organizes, and leads dozens of tours to the Middle East, Africa, and beyond. The specialized tour agency offers educational exotic tours to some of the hardest parts of the world to reach and offers some of the world’s most unusual, non-touristy destinations.
The current owner took over in 1991 when it was a typical mom-pop agency - selling tickets, railway, cruises, and Las Vegas packages. The Company has slowly become an international player, selling packages to exotic places, customizing complex itineraries, and assisting clients to accomplish their bucket list goals of visiting every country on the planet. The Company holds the distinction of helping more travelers complete their mission of visiting all 195 countries in the world than any other tour operator.

The Company has become known for being a reputable operation that has a proven record of repeat revenue and income year after year. With revenue growth averaging 9.8% the last two years and current revenue already exceeding last year, this business is in excellent shape and a great value for a Buyer. More than 70% of customers are repeat, a testament to the Company’s dedication to customer service.

The Seller has enjoyed this career, and the business is ready to transition to another passionate and enthusiastic Buyer who can take it to the next level.
Business location and name will be shared once a qualified Buyer prospect is vetted.

NDA is required to receive a comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

DETAILED INFORMATION

Location

Detroit, MI

Inventory

Not Included in asking price

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

The Company has a permit to conduct business from the city and has been operating at this location for 20 years.

Competition

There are many travel agencies and travel-related companies. However, there is a very small list of companies that employ this unique business model that includes marking up tour fees by $1,000-$5,000 or more per person and providing curated experiences to exotic destinations. This contrasts with the traditional model of relying on small commissions (e.g. $25) per transaction means competitors must have a high volume of business. The Company competes in a select market that allows for greater margins with fewer clients.

Growth & Expansion

Several immediate growth opportunities include scaling within existing destinations, adding more destinations using the same model, and adding additional value-added items to the itineraries. The vast majority of the Company’s business comes from existing customers and referrals, and the company does not pay for any advertising or other marketing. There is an opportunity to capitalize on digital marketing opportunities to expand its reach. Customers can come from anywhere in the United States and beyond and the market size is in the billions.

Financing

TBD if the deal structure and terms are acceptable.

Support & Training

As needed – specific terms for transition support can be negotiated. The Seller wishes to facilitate a successful and smooth transfer of the Business.

Reason for Selling

The Seller is ready to retire after 33 successful years.

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