Business For Sale

Online Travel Business – 7 yr History, 17% Net

Not Disclosed, FL
Miami Dade County

Asking Price: Annual Revenue:
Not Disclosed $7,984,697

Technology: Business Services (B2B)

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RE: Online Travel Business – 7 yr History, 17% Net Broker: Lenny Farber
Owner Financing is Available!
Please inquire for more details.

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $7,984,697
Net Profit: $1,377,888
Cash Flow: $1,377,888
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 7
Employees: 50
BBN Listing #: 10128441
Broker Reference #: Not Disclosed

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Business Overview:

This business is an online travel agency targeting the high-growth and underpenetrated Latin American internet market. The company is headquartered in Miami, FL, with offices in Colombia. The LATAM website offers more than 120,000 hotels worldwide and also offers services with the largest car rental companies in the United States (Hertz, Alamo, Avis, Budget, National, Dollar, & Thrifty). The Company has 46 websites that include approximately 150,000 individually designed landing pages with unique content in English, Spanish and Portuguese and web locations in 46 cities and/or countries across U.S., LATAM and Europe. The website generates revenue by attracting traffic to its portals and monetizing it principally from the sale of car rentals with current efforts of expanding into hotel bookings. The target end-market is LATAM consumers traveling mainly to North America.

The ownership group is interested in selling the entire Company with 46 websites and proprietary software technologies its created that principally target the high-growth LATAM, Mexico and Caribbean markets, with 711,633 visitors in 2017 representing growth of 45.5% over 489,208 visitors in 2016. Founded in 2011, the business currently has 50 employees, 12 of which are competitively priced South American software developers and designers, 7 marketing experts and 17 customer service representatives. These employees could be efficiently integrated into your existing company to streamline operations, lower costs and increase your LATAM workforce. The company is expanding rapidly, with calendar year 2017 revenue of nearly $8 million, representing more than 91.2% year-over-year growth rate over 2016. Projected to reach $12.2 million in 2018 for a year-over-year growth rate of 52.7% over 2017. EBITDA in 2017 was nearly $1.4 million for YoY growth of 423.1% with an EBITDA margin of 17.3%. 2018 EBITDA is conservatively expected at $1.9 MM.

The business participates in the LATAM online travel agency sector, which as of 2015, was projected by Wall Street research to have penetrated total gross bookings by 35%, highlighting the second lowest penetration rate of any market on a global basis and implying much room for growth in the region. The forecasted annualized growth rate in LATAM from 2010 to 2015 was 23.5%, the highest in the world of any geographic category.

2017 was a year of transformational change for the Company in that it launched its Software Licensing business: Signed one client for a $600,000 contract. Closed a second contract February 22, 2018 with the world-renown car rental brand Dollar/Thrifty to have the business run and maintain all its online operations for LATAM, Mexico and the Caribbean. Management conservatively expects monthly revenue of $30,000 to $50,000 from this recent deal with potential upside given based on % of gross revenues run through the platform.

For more information, please contact Lenny.

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Property Features and Assets:

The business is currently operated from an office.

Market Competition and Expansion:

There is some competition, but this company is well indexed, has a great reputation and has developed a strong footprint in its niche. There is still tremendous potential for growth by expanding on the current marketing efforts as well as embarking on new initiatives.

Reason for Selling:

Owner has another business that requires his full time.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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