Please Quote Reference B05796
Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a leasehold basis) an exceptionally well run and performing, “turnkey” travel agency business with an excellent reputation along with a strong and consistent brand.
The business has only now come to the open market as it is our clients desire to leave the industry and relocate.
Travel Planet has been under the careful and meticulous ownership of our client for over 20 years and who has grown the business year on year to an impressive level with turnover and profit levels growing steadily.
The bonded and regulated business offers a bespoke service for package holidays, long haul options, luxury travel and cruises and works closely with a host of major travel and tour operators. Special attention is given to ensure clients receive the very best of service and value for money holidays.
The business benefits from having an extensive client base that has been built up over the years, a true testament to the longevity of this popular business that serves the Glasgow and Scottish market.
It operates under a flexible franchise agreement, which in turn eliminates a lot of the back-office admin side to the business, resulting in generous commissions paid across all sales. The current cost of this agreement is £4800 pa.
We feel that there is tremendous scope to increase the already impressive turnover and take the business to the next level by undertaking in a robust national marketing campaign to generate new business along with the possible expansion of the workforce to help accommodate new and ongoing business. The online presence could also be further developed to offer an enhanced online experience for customers.
The business trades on its reputation for quality and service and has outstanding future possibilities. It would potentially be an ideal acquisition to some similar sized or larger enterprise looking to increase its position and presence within the industry or as a bolt on service for an existing travel related business.
A tremendous opportunity to own this turnkey business, and early enquiries must come highly recommended to avoid disappointment.
Early enquiries highly recommended.
The business is located on the busy and thriving Paisley Road West area of Glasgow and is surrounded by a host of complimentary local independent businesses and further benefits from ample on street free parking, along with being close to public transport and major road network links.
Glasgow is the largest city in Scotland and the fourth largest in the United Kingdom, after London, Birmingham and Leeds. As of the 2011 census, the city had a population density of 3,395 people per square kilometre.
The city offers many amenities for a wide range of cultural activities, from curling to opera ballet and major sporting events.
The business is in a traditional mid parade retail premises,
- Bright well-appointed customer waiting/seating area.
- Large desk with ample space for 2 travel consultants.
- Further desk area located slightly further to the rear.
- Various wall mounted brochure displays, feature world map in prominent location.
- Ample storage located to the rear.
- Staff kitchen area.
- Various computer equipment.
- The business has excellent external signage & is easily visible.
All equipment is owned outright by the business & a full inventory will be supplied by our client.Tenure
We are advised that tenure is offered on a Leasehold Basis.
1 Year rolling lease.
Rent is £7560 pa.Hours
Monday – Friday 09.30 – 17.00
Saturday – 09.30 – 17.00
Sunday - ClosedStaff
The business is run & managed by the current owner & 2 members of staff.Financial Profile
As of 2019 Accounts the business has generated a turnover of £83,310 with an advised net profit of £36,910. For further information please quote reference B05796.