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John Peacock (Feb 2017)
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Leasehold Price: £130,000 Price Reduced Annual Turnover: £1,222,000
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Business Description
This highly successful travel agency was established by the current owner in 1979. Since that time it has grown steadily and is now regarded as the agency of choice in its locale – a busy area of North London, close to main line train services and bus routes.

The business operates as a traditional high street travel agency yet has developed a niche market as a specialist in the arrangment of tailor made itineraries. Many trips are organised to Greece and Cyprus, reflecting the significant number of people from these destinations living locally. However, there is a large volume of business to all destinations, both long and short haul.

The agency specialises in providing flights, hotels, car hire, insurance and packages to all destinations. As such it is able to offer airline fares direct to the public at a level at which other travel agents find difficult to match. As well as extremely competitive fares, the cornerstone of the success of this business has been its commitment to customer service. This commitment to high quality and personal customer care has earned it a deservedly strong reputation amongst customers and suppliers alike.

Operating from a relatively low cost location, and keeping all other overheads under strict control, the business has risen to the challenge of the internet: it is often asked to quote against web prices and is almost always able to be more competitive.

The agency is fully bonded with both ABTA and IATA.
Trading Hours:
Business hours are currently as follows: Monday to Friday 9.30am to 7.00pm Saturday 10.00am to 4.00pm

Number of Employees: 03

Tenure: Leasehold

Support & Training:
A period of training, familiarisation and handover will be provided to ensure a smooth transition to new ownership.

Location Details: Wood Green North London

Leasehold Term:
The agency occupies circa 750 square feet premises. The current owner will be happy to grant a new lease at a very competitive rent of approximately £5,500 per annum. Business rates are currently £2,200 per annum.

Listed by: Turner Butler

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GP068
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