Business Overview
- Car and limousine services provider, located in Palma, Spain, acts as an intermediary between tour operators/travel agencies and local transport.
- Offers shared travels, private travels, economy travels, luxury travels, and limousine services.
- Estimated annual turnover is €2.4 million with €144,000 in net profits for the current year.
- Currently partnered with 10 major vendors, including tour operators and online travel agencies.
- The travel agency sells the transfer to the company and they resell it to a local transfer company. For each booking, a commission is received, which is around 21% of the total cost of the transfer.
- The current client inflow is through contracts, referrals, social media etc.
- Processed 47,000 bookings in the last year and operates in 150 cities worldwide, including popular destinations such as New York, Bali, Italy, and all major cities in Spain.
- The business has significant potential for growth through the acquisition of new clients and expansion into new markets.
- There are 10 permanent employees, additionally, the company hires finance professionals on a need basis.
Products & Services Overview
- Services include corporate travel, airport travel and event services.
- Provides both shared and private travels. Mostly we sell economy transfers but we also sell luxury and limousine services.
- The clients who use them are tourists who buy a holiday package that includes, flight+hotel+transfer.
- Currently partnered with 10 major vendors, including tour operators and online travel agencies.
- The travel agency sells the transfer to the company and they resell it to a local transfer company. For each booking, a commission is received, which is around 21% of the total cost of the transfer.
Capitalization Overview
Having an outstanding loan of EUR 20,000.
There are 3 shareholders with ownership split of 46.2%, 33.8% and 20%.
Assets Overview
No physical assets are available.
Intangible assets include long term relationships with clients and vendors.
Partial Stake Sale
USD
1 million
for
66.0%
stake
(Native Currency: EUR 924,000)
Reason:
Develop the sales and and hire IT professionals to develop online platform.
The promoter is not maj...
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