Any serious offers are acceptable, even if do not match our asking price. Also V.C / private equity proposals and parterships welcome.
We are an established accommodation wholesaler, with direct hotel contracts in Malta, Greece and Cyprus. In addition thousands of hotels in more than 150 countries via XML from established global bed banks (including credit line agreements). We sell hotels and transfers to retail travel agents via our online gateway roombeds.com (ONLINE SALES) and we also sell accommodation to Malta, Greece, Cyprus by loading hotels from these countries to third party online bed banks (we call it SEMI ONLINE SALES). Annual turnover (this year) between 1.8 - 2.2m euro with an average gross profit of 13 - 16%. 2008 - 2009 Year end accounts (aprox 1.2m euro turnover with loses of 150k / Because of investments we have leased and renovated a guesthouse in Rhodes Island borrowing money from the main business / This guesthouse is branch of the main company but NOT FOR SELL and not included in the asking price. Business established in 2005 (November as Groupotel Hotels and Resorts Ltd) as DMC and its online the last 2,5 years as well. 18-25% of its annual turnover comes from online sales and 75 - 82% from semi online business. Company UK registered operated by its Ahens office. Number of staff 6 -10. We have a clientele of 200 travel agents in Greece, Italy, Cyprus, Malta and 5 - 7 big third party bed banks. We provide our inventory via xml, white label and password protected access, these are ready made solutions, developed inhouse which can boost your sales. We have been developing our online gateway inhouse. We are willing to sell the entire business, find a strategic partner or investor to expand further. In any case the two experienced directors (in charge of contracting / sales / product) of the company willing to remain in the company if agreed. Same all of the team which is extremely dedicated, focused and love this business.