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Business For Sale. Acquisition Opportunity - Independent Business Travel Management Company

LISTING DETAILS
Firms For Sale ID:
34958
Vendor reference:
F4S2166
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
Undisclosed  
Turnover / revenue:
£1,000,000 - £5,000,000
Net profit / cashflow:
£250,000 - £500,000

OTHER DETAILS
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
This innovative company offers a genuine ?dual-track? online and offline service, with an experienced team of travel consultants delivering complex, multi-sector solutions to mid-market clients with annual travel budgets up to ?1m.
In order to meet the changing needs of the business traveller our client has successfully integrated market leading products into a single platform, enabling them to offer their clients a high quality service comparable to those provided by much larger TMCs.
The business is financially strong, demonstrating year on year average growth of 21% over the last 4 years.
The company has an experienced and motivated team of travel and technical staff and has low staff attrition.
Highlights
? An innovative, high-touch service provider that has successfully leveraged technology to provide mid-market clients with a genuine dual track service.
? Key partnerships with world-leading technology providers.
? Consistent organic growth record rather than through acquisition.
? Active and loyal client base with 89% client retention.
? Excellent staff retention record and recognised for its well trained, motivated and stable team.
? Succession planning in place.
? ABTA, IATA, CAA (ATOL), RTG, and ISO:9001:2015 accredited, IATA PCI and GDPR compliant.
Financials
? Turnover 2018 ?4.9m
? Gross Profit 2018 ?687k
This well-run company has significant growth potential from leveraging its investment in an advanced technology ecosystem, creating an eminently scalable business.
This is a genuine retirement sale in a business that is not owner-reliant and has a strong management team in place.