Scandinavian/Nordic Region Tour and Travel Special

Not Disclosed, NY

Store Front


Asking Price: Annual Revenue:
$450,000 $695,600

Services: Travel Related Services


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RE: Scandinavian/Nordic Region Tour and Travel Special Broker: 8006190185

Quick Facts

Asking Price: $450,000
Annual Revenue: $695,600
Net Profit: $20,000
Cash Flow: $150,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1982
Employees: 5
BBN Listing #: 488255416
Broker Reference #: NE-06

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Business Overview:

This 35+ year old company specializes in custom itineraries to the Scandinavian/Nordic region along with nearby destinations around the Baltic. Two owners and 4 full time employees including two destination specialists. Most employees presently work remotely some days. Tours are primarily independent packaged and custom arrangements or scheduled escorted tours plus some custom groups.
Destinations covered: Norway, Iceland, Sweden, Denmark, Finland, and Greenland—as well as Russia, and the nearby Baltic states of Estonia, Latvia, and Lithuania.
Business has seen a significant growth in revenue of Iceland tours including the winter season.
Known for unparalleled client service where they have crafted a distinct product line geared toward an intimate conversation between clients, agents, and destinations. Clientele has become high end. The sales team has toured around most of our destinations—bringing clients the best personal experiences of each. All the Nordic countries have seen a great uptick in interest in the past years.
90% of clients are from the U.S. and 10% from Canada and other parts of the world. Company has very strong relationships with our overseas partners and escorted tour suppliers. 35% of sales are to Travel Agencies with 65% being direct to the public.
They do have a GDS “reservation system” plus in-house. Office lease is currently month to month. A larger tour operator can take this to the next level multiple ways. Owners see the future of the company as very bright, will eventually need to hire more staff, and are now ready to move onto other things. Will stay on for a transition, open to discussions.
MUST BE IN THE TOUR OPERATING BUSINESS OR HAVE STRONG RELATED INDUSTRY EXPERIENCE TO BUY THIS.

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Reason for Selling:

Retirement

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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