Full range Hawaii travel & activities company
This full range travel and activities services company in Hawaii is for sale due to the pending relocation of the owner. They have been in business in Hawaii since 2012 and have grown the revenue and the scope and breath of the business significantly since then.
They have several overall lines of business:
They sell activities, tours, accommodations, car rentals provided by other companies on a commission basis
They offer tours on Personal Transporters in one of Hawaii most historic locations.
Personal Transporter repairs and parts sales.
They have a retail store for the management of the company and to sell a variety of consumer items to tourists.
They offer proprietary high-end tours in Mercedes Benz Sprinters to a variety of locations.
Activity Sales: The company is contracted with 50 vendors and sells over 150 activities on a commission basis.
Personal Transporters: They own 15 Personal Transporters and provide a great variety of tours with this exciting device in a historic Hawaii locale.
Retail Store: They manage their business out of this relatively low cost 1,200-square foot retail store which is designed with beautiful handcrafted furniture and décor. At this store they offer a line of tourist related retail goods and souvenirs.
Proprietary Hawaii Tours: To add another growth vehicle, they acquired a State of Hawaii PUC license (which allows them to carry up to 25 passengers) and acquired 2 Mercedes Benz Sprinters which each hold 14 passengers and began giving six private “high-end” Proprietary Tours in late 2018.
Sophisticated Marketing: They have two very effective state of the art web sites, which have shopping cart and automatic reservation capabilities, which accounts for about 70% of total sales. They also have other activities sellers sell their tours, to whom they pay a sales commission. As of November 2018, they had contracts with about 45 companies, such as NCl, Holland America Cruise Line, Seabourn, Carnival, Princess, and most recently Disney, activity sellers and local concierge services.
They have earned the “Trip Advisor” Certificate of Excellence award seven years in a row.
In 2018 the Company had sales of $315,743 which generated $129,145 of owner’s cash flow (“Seller’s Discretionary Earnings”). During 2019, with the addition of the new proprietary tours, their sales are booming: YTD September 2019 sales of $343,802, up 39% over YTD September 2018 and which generated SDE of $143,477. Based on this strong performance, they project 2019 revenues to exceed $435,000, with an SDE as much as $170,000, up 31% over 2018.
Listing ID: Trav Serv
Location: Hawaii (Island Confidential)
Type of Entity: LLC
Year Established: 2012
2018 Tax return
YTD September 31, 2019 QuickBooks
Revenue: $343,802, up 39%
Full 2019 projection
Revenue: $435,000, up 37%
SDE: $170,000, up 31%
Asking Price: $350,500
Included Inventory: $10,000 (goods for sale)
Tangible Assets: $200,000, est. replacement value
Non-Compete: 5 years
Training: 2 weeks
Sale Reason: Relocation
REAL ESTATE/LEASE DETAILS
Monthly Rent: $1,500
Sq. Ft.: 1,200
The Business is being offered on a turnkey basis including two Mercedes Benz Sprinters (2013 & 2017 models). This is a great, fun and easy to run a business that generates good cash flow and growth opportunities and provides a great way for a couple to live in and enjoy Hawaii. The Asking Price is $350,500 which includes 2 Mercedes Benz’s Sprinters.
Contact us for a very detailed Confidential Business Profile for this exciting company.