Well known and feasible travel agency for sale.

Well known and feasible travel agency for sale.

Introduction:

• This travel agency has exceptional growth opportunities especially since the growth in the travel sector both national and international the last couple of years. The owner’s involvement in the business can easily be replaced, and the owner will give full training to a new owner.
• This is a leading travel management company with a long-standing reputation for exceptional service and expertise. The business specializes in:
  • Corporate Travel Management – End-to-end travel planning, booking, and itinerary management, as well as policy development, compliance tracking, and expense management.
  • Incentive Travel – Designing and delivering exceptional incentive travel programs that inspire, engage, and reward participants for their hard work and achievements.
  • Leisure Travel – A wide range of travel options, including flights, hotels, tours, activities, and more, all of which can be tailored to specific needs and interests.
• The business consists of the owner and 20 staff members in various positions. The owner is the majority shareholder with an employee/partner holding a minority share. Both of them will dispose of their shareholding if the right agreement is reached, with an agreed handover period.
• The business showed substantial growth from 2023 to 2024 due to a very successful acquisition.

Financials:

• The average NP (EBITDA) for the last 3 years is R5,25 million per annum.
• Asset value (for which is there is an asset list is available) is R7 million.

Selling price:

• R28 million (calculated at the asset value of R7 million) plus goodwill at 25% ROI.