How to find the best travel agencies for sale in Canada
According to IBISWorld, Canada has over 5,360 travel businesses contributing to the C$1.8 billion industry market size. Many of them are up for grabs, from British Columbia and Alberta to Ontario and Quebec, waiting for a new owner to increase their market share.
Whether you pick Vancouver, Quebec City, Edmonton, Montreal, Toronto, or any other city for your headquarters, ensure your desired agency is in an excellent location. Popular businesses typically have real estate in areas with high foot traffic to lure many customers eager to travel.
However, location can take a backseat if you plan on running a digital agency and using the office only as your headquarters without serving walk-in customers. That’s highly profitable because most Canadian consumers book travel packages online.
If that’s your plan, efficient operations, high annual sales, and a steady revenue flow will be the crucial factors to consider.
Remember that you’ll need to focus on regular promotional activities to establish and maintain an online presence and attract qualified leads and customers. Your desired digital agency may already have strategies to promote its consumer services, so check if the plans come with the business sale.
Do you wish to run your travel company independently, or are you open to a franchise opportunity?
Purchasing a stable company with a disruptive operating model might sound more alluring than joining a franchise, but we’ll let you be the judge.
Joining a successful business franchise means cashing in on its significant part of the industry market size. It already has high cash flow margins, streamlined operations, and a high-converting marketing campaign. It has paved the way to success; your only job would be to follow in its footsteps and make the sales quota.
However, running an independent business means keeping all the revenue. You’ll need to plan everything alone, establish efficient operations, and develop marketing campaigns, but you’ll be free to run the company how you wish without sharing the profits.
If you choose the latter, remember to ask why the current owner is selling. Maybe they’re retiring or switching to another industry, but the reason for the business sale could also hide in the financial statements. Evaluate what you’re buying before it’s too late to get out of the deal.
The most profitable companies offering travel services have a disruptive operating model. They constantly innovate to outperform the competition, meet demand, and exceed customer expectations.
They don’t stop at vacation packages and sightseeing tours. They also provide accommodation services, recreational activities, car rental services, and other ancillaries for stress-free travel.
Most travel companies in British Columbia, Ontario, Quebec, Alberta, and other provinces provide travellers with recreational activities and other ancillary services. They partner with independent travel agents, OTAs, tour operators, hotels, and airlines to offer travel bundles and expand their market share.
Purchasing one with all those connections is your best bet. It will save you time and help you reach success quickly.
At Businesses4Sale, you can find the best travel businesses for sale across British Columbia and other provinces. Our extensive online marketplace features detailed listings of agencies with a disruptive operating model, streamlined operations, and a consistent cash flow.
You can see every property’s sale price, asking price, size, cash flow, gross revenue, and details on the lease and monthly rate if the current owner isn’t ready to sell.
Besides the financial filters like sale price, you can specify the location and search by keyword, business category, and requirements like asset sale, M&A, price reduced, and absentee owner.
Save your search criteria and enable email notifications so we can update you on all new listings suitable to your preferences.
Buyers can enjoy free registration at Businesses4Sale to leverage our advanced search filters and access resources like business-buying guides, ebooks, checklists, and valuation calculators.
Join our community today and contact us if you need help navigating our platform. We’re here to answer your burning questions, connect you with sellers, and streamline your business purchase.