Tour Operator Equity Stake For Sale in Bekasi, Indonesia

Main services:
- Outbound and inbound tour packages (Europe, Asia Pacific, Middle East, Americas) for B2C and B2B segments (wholesale, corporate, students, MICE, business delegations, trade missions, and government)
- Organizing travel-based conferences and events; and providing travel logistics for international business projects and forums.
Upcoming:
- The upcoming hospitality unit will offer capsule rooms and smart-hospitality cabins designed for Gen Z, millennials, business commuters, backpackers, and digital nomads.
- Tour leader academy will offers an intensive 33-session training program for aspiring professional tour leaders (regular and executive classes) at a cost of around IDR 12–15 million per participant. The program targets individuals who want to pursue a career as a tour leader as well as institutions and corporations seeking certification.
- Hobby-based travel application will provide bookings for airline tickets, hotels, transportation, activities, and local experiences on a single platform. It will target Indonesian travelers aged 20–55 years in the middle to upper market segment. The main physical assets include office land and building (including facilities for operations and development) with a total value of approximately IDR 11.32 billion; operational vehicles valued at approximately IDR 1.01 billion; office inventory and equipment of approximately IDR 453 million; furniture of approximately IDR 20 million; and decorations of approximately IDR 300 million. The total value cost of fixed assets is approximately IDR 13.1 billion.

Intangible assets include operating costs of approximately IDR 68.6 million and expansion plans in progress of approximately IDR 338 million related to the development of new projects. Other intangible assets including its brand and sub-brands, a customer base of more than 17,500 people, an international partner network, IT applications and infrastructure under development, tour academy curriculum content and certification, and contractual rights with vendors and agents across various destinations. Operational offices are located in Jatiwaringin (HQ), Senayan, Bandung, and Yogyakarta. The main office is owned, while the others are rented.
Another upcoming hospitality unit, which is on a long-term lease, is in the CBC area of Soekarno-Hatta Airport, Tangerang, with the following specifications: land area of approximately 100 m², building area of approximately 600 m², 2 basement floors, 6 above-ground floors, and 1 rooftop. Building facilities include 13,000 kWh of electricity, a water treatment system, hydrants, an elevator, fire alarms, APAR on each floor, toilets on each floor, a 10 KL water tank, a sound system, and electrical panels on each floor. The design employs a plug-and-play modular concept to accelerate development and operational standardization, with a multi-city expansion target including Jakarta, Yogyakarta, Bandung, Bali, and other major cities. As of December of the last financial year, the company’s equity was approximately IDR 14.97 billion, consisting of paid-in capital of IDR 2.5 billion and accumulated retained earnings of IDR 12.47 billion. The shareholding structure is as follows: the primary director holds 99% (approximately IDR 2.475 billion), and the secondary director holds 1% (approximately IDR 25 million).

On the liability side, the company has long-term debt to third parties (investment/operational loans) of IDR 11.8 billion and no bank loans. The main short-term liabilities include down payments from tour package sales of approximately IDR 8.37 billion, deposits from tour academy participants of approximately IDR 63.7 million, minor income tax liabilities, and accrued expenses of approximately IDR 4.9 million.