Internal Ref: RN 658
Summary
Australian owned and highly regarded reservation service for quality villas in Bali and mainly surrounding islands. It is renowned for its focus on providing a high level of quality and service.
Revenue
$615,000 pa
Rent
$0 pa
Expenses
$321,000 pa
Net Profit
$294,000 pa
Location Details
strong organisational structure is in place, with an extremely capable, contracted team in Bali running the day-to-day admin functions of the business.
Potential
With the enormous volume of travel activity in Bali, the properties managed in Lembongan, Ceningan and Penida represent an excellent alternative for overseas travellers, relative to the more crowded, traditional Bali holiday spots.
Sign up additional properties to manage - several new properties are in the pipeline and being onboarded.
Targeted marketing to property owners in the areas serviced.
Skills
Experience in the travel industry would be an obvious advantage.
However all the systems are in place and there is a structured management team operating the business daily. The IT systems are fantastic and provide live ongoing reporting.
Hours
Reservation services are open every day.
Lease
No lease required.
Employees
Owner runs the business and oversees the management team.
Reason for Sale
Retirement
About the Business
Australian owned and well-respected company. Founded in 2017 by the current owners, this business has come a long way since its modest beginnings and today is a highly regarded reservation service for quality villas in Bali and mainly surrounding islands. It is renowned for its focus on providing a high level of quality and service, and prides itself on quick responses to new enquiries, innovative flair and attentive service.
The contracted villas are based in popular Islands and including Lembongan, Lombok and Bali.
As specialists in their field, this business has seen continuous growth over time as they strive to offer quality and sought-after luxury accommodation and services and provide their customers with positive experiences. This has resulted in the development of strong relationships with their Villa client base as is evidenced by the loyalty they have received over the past years and continue to receive today.
Key Features:
Genuine reason for sale - the owners wish to retire and prepare an exit strategy, as there is no family succession plan currently in place. The owners would be open to remaining employed by a new owner if required, with an extensive training and support period available to ensure a smooth transition and minimal disruption over an extended period.
A strong organisational structure is in place, with an extremely capable, contracted team in Bali running the day-to-day admin functions of the business.
A strong and well-established name that is respected in the travel industry, by customers and competitors alike.
2-years agreements in place with the owners of all the villas - strong relationships endure.
Customers pay deposits on booking, ensuring no working capital requirements.
A solid revenue base, with growth demonstrated over recent years.
Continuing negotiations for new villa listings in progress, which could increase income and profits in the months and years ahead.
An extremely profitable business with sound financials and tax returns available to support the figures - excellent cash flows.
Domain names and trade marks registered.
Servicing of the villas is contracted to local businesses, leaving the team to concentrate on securing new bookings from travellers.
Owner available for handover assistance.
History
Owner commenced by renting out his own home 10 years ago and was then approcahed by his neighbours to do the same for them. This was the birth of the business.
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