For Sale Price: $995,000

Profile

Description:

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.

Financials

For Sale Price: $995,000

Long financials: 3 Years

Turnover: $615,513

Net Profit: $294,000

Period: Annually

Lease: None

Staff: 5

Broker

Broker:

Roy Levy 0416 124 860

To express interest in this business, please complete this Register Interest form and we will contact you.

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Confidentiality Agreement

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Pear Business Brokers Pty Ltd ABN 28 084 390 125 t/as Core Business Brokers
in its capacity as agent of its named or unnamed principal
Ground Level, 465 Victoria Avenue, Chatswood NSW 2067
Phone (02) 9413 2977, Email: [email protected]

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Recipient will use the Confidential Information only for the purpose of analysing such information so as to make an informed decision as to a proposed purchase of part of the assets of a business, the whole business or the sale of shares in the business/es referred to above or any new businesses introduced to you in future.

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General Terms

1. When must we disclose the information to you?
1.1 We must make that part of the confidential information available to you that we consider in our sole discretion to be necessary for you to carry out the project.
1.2 The confidential information always remains our property. This agreement does not give you any right, title or interest in it. We make no warranty as to the accuracy, content, legality or completeness of the confidential information.

2. How must you treat it?
2.1 You must use the confidential information only for the permitted purpose. You must not use or exploit it for your own benefit or for any other purpose, or allow any other person to do so without our written consent.
2.2 You must not disclose it, and must ensure that your employees, contractors and agents do not disclose it to any other person except as required to carry out the project and then only on a confidential basis. You will, on our request, arrange for such persons to execute confidentiality undertakings in our favour that they are bound by this agreement as if a party to it.
2.3 You must take reasonable steps to protect the confidential information and keep it secure from unauthorised persons.
2.4 You must inform us immediately if:
(a) You become aware or suspect that there has been a breach of these obligations; or
(b) You are required to disclose the information by law.
2.5 At the end of the project or if we ask for it earlier, you must return the confidential information, and all copies, notes and memorandums relating to it, to us as we direct.
2.6 You do not have to treat as confidential information
(a) Which is or comes into the public domain, except information that is or becomes so because it has been disclosed without authority; or
(b) Which is lawfully known to you before the date of this agreement; or
(c) Which is or becomes available to you from another person who is in possession of it lawfully and can disclose it to you on a non-confidential basis; or
(d) Which you are required by law to disclose but you must seek to limit that disclosure in any way we reasonably request.

3. Indemnity
3. You indemnify us against all loss, damage, expense and costs arising because you do not observe the conditions of this agreement for any reason.

4. Duration
4. Your obligations under this agreement continue after the project ends.

5. General
5.1 We do not enter into this agreement in our personal capacity but only in our capacity as agent of our named or unnamed principal.
5.2 This agreement contains the entire agreement between you and us and takes the place of all other statements about the confidential information.
5.3 This agreement may be varied only if you and we agree in writing.
5.4I f we do not exercise a right at any time in connection with a default under this agreement, this does not mean that we have waived the right or cannot exercise it later.
5.5 This agreement is governed by the laws of New South Wales. You and we submit to the non-exclusive jurisdiction of its courts and courts of appeal from them.
5.6 By signing this agreement you permit us to add your details to our database and authorise us to communicate with you from time to time regarding new business opportunities.

We means the provider named on page 1.
You means the recipient named on page 1.

NOTE: Agreement hereto confirms that I have read and accepted the terms.*

I have read and accepted the terms

Broker:

Roy Levy 0416 124 860

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Boutique Property Management for Holiday Rentals in Bali