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- Long established travel agency with a turnover in excess of £3.2 Million
- Trading from two freehold shops
- Turnover generated with no website or internet sales
- Experienced staff
- The Agency holds licenses for ABTA, IATA and ATOL
- Retirement sale
- Ideal bolt on operation
Scottish Business Centre are delighted to offer for sale Arcade Travel Agency, a long established firm of travel consultants offering a mix of business travel sales & family package holidays, summer holidays, winter holidays & city breaks. Arcade Travel operates out of two freehold shop units in Caithness, north Scotland which are located in the popular towns of Thurso & Wick. This highly successful operation which was established in the 1960’s by a Mr William Souter, has built up a strong reputation for quality of service, knowledge and value offered- our clients became partners in the business in 1992. This attention to service and detail has resulted in a terrific amount of repeat business enjoyed at the business. Generating a most impressive level of sales in excess £3.2 Million, our clients business benefits from having a strong & loyal team of staff employed within the firm, who are well trained, knowledgeable & enthusiastic about travel. As well as operating from the two shop units, the business also benefits from operating the highly lucrative ticket office in Scrabster for Norhlink Ferries. The business operates with 10 full time members of staff and a pool of 10 part time staff members.
We are advised by our clients that the business has various opportunities to create further growth in trading levels such as e-commerce; to date the business has traded with out the benefit of a web site or any real web promotion of the business. This is one area that the business is possibly missing out on & which represents a huge market for a new owner to consider tapping into. However, it should be noted that even without any real web presence, Arcade Travel Agency has proven to be a highly successful and rewarding operation that only now becomes available for sale due to our clients wish to retire. We believe that the business will attract interest from existing agency operators who are keen to expand through the acquisition of quality agencies such as Arcade Travel. Due to the level of turnover, profitability, knowledge and expertise within the staff, the business would be an ideal “bolt on” operation for a larger operator or perhaps a leisure business operator looking to enter into new lucrative markets.
 The Properties.
The business trades from two well maintained freehold shop units that are situated in - a) 50 High Street, Wick, Caithness, KW1 4BS & b) 36 Traill Street, Thurso, Caithness, KW14 8EG. The Wick office is on the ground floor of 50 High Street, Wick. It comprises a sales area, staff room, toilet, boiler room, fire exit passage, rear hall and office. It covers an area of 128.7 sq meters. The Thurso office is on the ground floor of 36 Traill Street, Thurso. It comprises a sales area, office, filing room, staff room and toilet. It covers an area of 90 sq meters.
Fixtures and Fittings.
A full inventory will be completed to detail all personal items excluded from the sale or items subject to a lease.
Price.
Offers over £395,000 are invited for the two freehold properties, complete with goodwill and trade contents but excluding personal items. Stock at valuation.
Viewing.
For reasons of confidentiality, no direct approach may be made to the business.
All viewings must be arranged through Scottish Business Centre Edinburgh office. 0131 535 1131
Offers
All offers should be submitted directly to Scottish Business Centre.
Disclaimer:
Whilst Scottish Business Centre endeavours to make these particulars as accurate as possible; they do not form any part of any contract or offer nor are they guarateed. These particulars are provided only as a general outline of the property referred to. Applicants should make there own enquires and inspection of the property to satisfy themselves as to the accuracy or
Otherwise of the information given. These details were believed to be correct at the time of publication but their accuracy is not guaranteed. Scottish Business Centre.
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