Listing ID: 77197
**NOTE: DEADLINE FOR ALL LOI’s is March 31, 2022
—> 2022 on-track to do ~$300K gross revenue
If you keep it Owner Operator with the current 80% profit margin, you could essentially profit $240,000.
…….. OR put a team back into place for a 30% profit margin if owner does zero operation ($90k per year net).
Currently Owner Operated…. Company had full team prior to Covid at a 30% profit margin… It’s up to you which direction you prefer as far as putting a team back in place and having more passive income.
High-demand agency that helps luxury travel advisors and tour operators proactively manage all bookings and client information through innovation and top-notch customer service.
$101,100 in 2021 Revenue
$94,850 in 2021 Profit
$12,502 in revenue last month
$12,112 in profit last month
The right new owner can definitely scale this company quickly, they have been turning new clients away due to lack of personal bandwidth.
This well-recognized company is regarded as the premier assistant service across the industry. It currently has 80+ clients thanks to its streamlined and simplified processes, making it well known as the back-end expert in luxury travel.
Complete growth plan to scale revenues and profit included.
–> Easy 2x MRR by EOY and 3x by 2023
–> Increasing revenue year-over-year
–> Strong industry reputation and retention
–> Hands-off team with systematized training
–> Glowing reviews & customer satisfaction
–> Recurring revenue business model plus hourly offers predictable & scalable income
–> Completely organic growth
–> Full marketing suite of materials
–> Very high engagement: > 45% open rates on emails
–> Remote & relocatable (no office overhead)
–> Modern tech stack
–> SOPs / Training Manual Included
Business model and pricing:
Recurring monthly subscriptions as well as hourly pricing for assistant work. All our employees are trained using a pre-made training packet. Most clients are on a weekly or monthly recurring subscription, ranging from $99 – $699 per week.
The platform is the most trusted assistant service in the travel space, and has grown entirely organically.
With an increase in employees and available hours, the company could welcome hundreds more customers using the same business model.
Other potential for growth includes paid traffic and agency contracts.
Just took on a new sub client and have large agency contracts currently underway as well. Could easily double revenues by the end of the year by bringing on more team members.
The right owner could conservatively double revenue by the end of the year and triple in 2023, or raise this multiple even more by scaling operations. Co-founders are focusing on new venture.
- Asking Price: $265,000
- Cash Flow: $94,850
- Gross Revenue: $101,100
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2019
- 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
Remote (Home Based)
Owner is focusing on new venture.
Could easily double revenues by the end of the year by bringing on more team members. With an increase in employees and available hours, the company could welcome hundreds more customers using the same business model. Other potential for growth includes paid traffic and agency contracts. Just took on a new sub client and have large agency contracts currently underway as well.
This Business Is Home Based
The business was started in 2019, making the business 3 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals choose to sell businesses. However, the true factor and the one they say to you may be 2 completely different things. For instance, they might say "I have too many other commitments" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these might simply be reasons to attempt to conceal the reality of transforming demographics, increased competitors, current reduction in profits, or a variety of various other reasons. This is why it is very crucial that you not depend entirely on a vendor's word, however instead, use the vendor's solution together with your overall due diligence. This will paint an extra realistic picture of the business's present situation.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Numerous companies finance loans so as to cover points like stock, payroll, accounts payable, and so on. Remember that occasionally this can suggest that earnings margins are too tight. Lots of companies fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that have to be fulfilled or may result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in new customers? Often times, operating businesses have repeat consumers, which develop the core of their day-to-day profits. Certain elements such as brand-new competition growing up around the area, roadway building, as well as personnel turnover can influence repeat consumers and also negatively affect future profits. One essential thing to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business on a regular basis, the greater the chance to construct a returning customer base. A last idea is the basic area demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? Just how might the local average house income influence future revenue prospects?