With 2 Office locations in Scranton and Kingston PA
Asking Price: $1,950,000
Cash Flow: available
Gross Revenue: $10,000,000
Real Estate included: Kingston location is appraised at $320,000 and included in the sale.
Founded in 1974, TravelWorld is a premier full-service travel company providing its clients with a wide array of travel services.
The business operates two Northeast PA Office locations in Scranton and Kingston.
Over almost 50 years, the company has become one of the most respected and trusted names in the travel business.
Scranton and Wilkes-Barre are the two largest cities/markets within their Northeast PA service area.
The company distinguishes itself from other travel agencies by specializing in the marketing and sales of group travel packages, which typically drives 65% of annual company sales.
Such packages include cruises, foreign travel, and local/regional bus tours.
The Kingston office is located at 601 Market St. Kingston, PA 18704 and is included in the sale. The building measures 5,130 sq. ft. and is situated on 0.13 acres. There is ample off-street parking for 10 cars, which is in high demand in the Kingston business district. A November 2022 Commercial Real Estate appraisal, performed by Capezio Realty, established a market value of the Kingston property of $320,000. A copy of the appraisal is available. The Scranton location is leased and details are available.
For over almost 50 years, the business has become the premier travel agency in the region and is recognized nationally as a very reputable and trusted travel agency.
Financing: There is no seller financing available.
Support & Training:
The 2 owners are available for a mutually agreeable period of paid consulting for a period of 6-12 months, and they will also assist the new owner with any hiring and training needs, if necessary, during that time.
Reason for Selling: Retirement