M&A LISTING: TO0620

Listing Code	Type Type = Type of Operation S Storefront OB Office Building V Virtual O Online	Business Mix Mix of Business CLCorporate & Some Leisure LCLeisure & Some Corporate CCorporate Only LLeisure Only CRCruise Only GMainly Groups NNiche	Kind of Company Kind = Specialty TATravel Agency TMCTravel Management Company TACTravel Agency Chain COCruise Only TOTour Operator WH Wholesaler COConsolidator HOHotel/Lodging CHConsortia/Host AIAirline TETech Co. SUStart Up MIMisc.	Total Selling Agents	Consortia Affiliation	Mgmt/Agts (staying) Whether or not owner, management or agents are opting to stay with the company after sale or merger is complete. O Owner Staying M Management Staying A Agent(s) Staying N None Staying	Location Region of HQ New England Northeast Mid-Atlantic South Atlantic South Southeast Midwest Southwest West coast Northwest
TO0620	V	L/-90% G/10%	TA/TO	2	N	O	SW
Gross Sales	Total Commission Total Commissions (Actual Revenue) Airlines Tour Operator Hotel Car Rental Cruise Travel Insurance Other		Operating Expenses Total Operating Expenses Salaries & Benefits Rent Utilities GDS's Advertising Other	Net Income	Asking $	Counselor	Results
$700K	$155K		$80K	$75K	$250K	PJK

Description

Unique Travel/Tour Company specializing in Canal and River Cruises. Barge Cruises (Europe), started 20+ years ago with only 3 contracts, today has over 60 contracts in place with the Owners of the Barges. Average commission is 23% (can go as high as 30) this is not adding on from a net rate, this is actual commissions paid by Barge Owners. Owner of this company will stay on for Transition only. Seeking to retire. There is debt of approximately $100K from SBA/PPP. Great Business opportunity to grow with contracts in place. Some bookings for 2021 and 2022 now.

Contact

PJK — P "Jason" King - PJK@pjasonkingassociates.com
P. Jason King Associates, Inc. M&A Division
Toll Free in North America — 1-888-697-7899 Back To All Listings