Listing ID: 72461
Boutique International Specialty Travel Company.
Primarily focused on Art, Culinary, and Cultural weeklong programs and workshops.
Their clients are both the program instructors and the attendees.
Running approximately 30 different programs per year in such places as Italy, Chile, Australia, Argentina, the Caribbean and South Africa.
Programs always housed in a unique immersive setting.
Examples include; a family run winery, 13th century restored manor house, small boutique hotels, restored monastery or convent.
Established in 1995 by two world travel enthusiasts.
As the owners tell it: In the spring of 1995 we took a group of friends to Tuscany for a creative retreat.
We immersed ourselves in beauty, food, wine and culture and quickly developed lasting friendships with the local community.
Little did we know, that week was the beginning of our new life.
We had no intention of starting a business but that experience was so profound that we wanted to share it again and again with others.
- Asking Price: $1,020,000
- Cash Flow: $243,162
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1995
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
YOUR OWN OFFICE OR WORK FROM HOME (Home Based)
COMPLETE TRAINING AND SUPPORT INCLUDED IN SALE.
NO MAJOR COMPETITION
This Business Is Home Based
The business was started in 1995, making the business 27 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell operating businesses. Nevertheless, the true reason and the one they tell you might be 2 completely different things. As an example, they might say "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may simply be excuses to attempt to hide the reality of altering demographics, increased competitors, recent decrease in incomes, or an array of various other reasons. This is why it is very essential that you not count completely on a vendor's word, yet instead, utilize the vendor's solution together with your overall due diligence. This will repaint an extra reasonable image of the business's present circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses borrow money so as to cover items like inventory, payroll, accounts payable, and so on. Remember that sometimes this can indicate that earnings margins are too small. Many organisations fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that need to be met or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location attract brand-new clients? Most times, operating businesses have repeat clients, which create the core of their day-to-day profits. Particular factors such as brand-new competition growing up around the location, road building and construction, and staff turnover can influence repeat clients and also adversely impact future profits. One important thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Obviously, the more individuals that see the business often, the greater the chance to build a returning consumer base. A last idea is the basic location demographics. Is the business located in a largely populated city, or is it located on the outside border of town? Just how might the neighborhood average house earnings effect future income potential?