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Listed by:

ProNova Partners

Broker license number: 01820673

Lucrative And Exotic Group Travel Specialist In Detroit MI For Sale

Detroit, Michigan, US
Asking Price:
Undisclosed Furniture / Fixtures included
Sales Revenue:
$3,700,000
Cash Flow:
$470,000

Born from a love of travel to exotic locales, the seller has found a unique intersection between an exciting and 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 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.

Property Information

Premises Details:

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

Most of the staff work from the office on-site in Michigan, but two are remote. Remote operations could work for this business as very few customers are local and walk-in business is non-existent.

The lease term is to be negotiated with the sale. The current lease rate is $1,000 per month and will be raised to $1,200 per month next year. The Seller is open to offering the Buyer a 1 to 5-year lease.

Business Operation

Expansion Potential:

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.

Competition / Market:

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.

Reasons for selling:

The Seller is ready to retire after 33 successful years.

Employees:
6
Years established:
1971

Other Information

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.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

TBD if the deal structure and terms are acceptable.

Furniture / Fixtures value:
$5,000 - included in the asking price

Listed by

ProNova Partners

Broker license number: 01820673

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