There are a growing number of larger travel agency owners who feel that the best potential for growth is through an acquisition and merger strategy. They are particularly interested in agencies with $3 - $7 million in annual sales volume. These companies typically have the expertise and required resources to make an offer to purchase.
You probably haven’t had experience in selling a business or understand the options that might be available, and, most importantly, what your business might be worth.
GTA’s expertise lies in facilitating the selling process to a successful conclusion. We play an advisory and consultative role bringing sellers of travel agencies together with prospective buyers in a discreetly managed process.
Selling a business can be a very intimidating and time-consuming process.
GTA will provide assistance with:
- Valuation
- Packaging
- Counselling (legal, tax, accounting and regulatory issues)
- Marketing
- Listing
- Negotiating
- Due diligence
- Closing
Our ultimate goal is finding the most suitable buyer for your travel business.
Recent studies show that most independent agencies operate under the same ownership for many years and very few agency owners have thought through an exit strategy for themselves.
GTA facilitates the agency owner who is selling access to equal resources to fairly asses and evaluate offers to insure the price and terms are fair, reasonable and in their best interest.
The Selling Process:
Following your initial inquiry we will meet in person or by phone to discuss our selling processes and answer any questions you may have about our services. When an agreement is reached we will take a prompt, professional and confidential approach to successfully manage a transaction on your behalf.
GTA’s Effective 8 Step Process:
- Facilitate a business appraisal/valuation of a travel company to determine an acceptable selling price and conditions for a sale.
- Create a confidential business profile of the travel company.
- Prepare the business for sale by analyzing the business and market presence in order to favourably present the business to qualified buyers. This is all done in a completely confidential environment.
- Develop a plan to proactively market the business and find qualified buyers.
- Qualify potential buyers.
- Provide information to potential buyers under non-disclosure agreements.
- Facilitate business meetings so that potential buyers have the necessary information about the business in order to make an offer.
- Provide assistance and analysis of offers, advice through the due diligence process to the closing of the sale and, facilitating additional support as required.
