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Deal Opportunities.co.uk

the UK marketplace for company sales

Luxury sports hospitality & travel services

Reference
S11636
Turnover
£5m to £10m
Sector(s)
Leisure, Service industries
Region(s)
UK Wide, Outside UK
Added
23 May 2024

Business description

The company is an official global reseller of high-end hospitality opportunities for a popular global sport, offering packages which combine entry into exclusive areas of the sporting venue with luxury hotel accommodation and transfers between the airport, hotel and venue.

Boasting an excellent reputation with the sport and its teams, the company is able to deliver opportunities available to only a limited number of companies, offering experiences that combine the thrill of the event with luxurious surroundings, gourmet food and complimentary drinks.
The company’s international client base comprises high-net-worth individuals,
corporate organisations, sports ticketing agents and luxury travel companies, with 40% of sales generated in Europe and 30% in the USA.
The company is being offered for sale to facilitate the retirement of one of the
shareholders.

Highlights

  • Caters to circa 350 clients per annum and benefits from repeat business, with
    some relationships spanning more than six years. 
  • Revenue within the sport is growing year-on-year, with attendance figures across the whole of its season currently at an all-time high. 
  • Considerable scope for growth in some markets, with the sport experiencing a surge in popularity in the USA. 
  • One of the shareholders is willing to remain with the business post-sale, facilitating its continued growth under new ownership. 
  • A fully remote business that can be operated from anywhere in the world. 
  • Low competition and high barriers to entry due to exclusive agreements within the sport.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2020 (Actual) 542 61
2021 (Actual) 2,630 44
2022 (Actual) 8,197 732
2023 (Actual) 7,830 427
2024 (Forecast) 8,000 457
  • YE22 turnover of £8.2m, with an adjusted EBITDA of £733k.
  • YE23 management turnover of £7.8m, with an adjusted EBITDA of £428k. 
  • YE24 projected turnover of £8m and adjusted EBITDA of £500k. 
  • Largest 10 clients only account for circa 30% of the company’s overall revenue, with these clients likely to provide a similar level of business for the foreseeable future. 
  • Low customer concentration with the largest customer contributing only 5% of annual turnover. 
  • Confirmed bookings to end of March 2024 valued at £3,760,000 for YE24.

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