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Tour Operator for Sale in Split, Croatia

City Sightseeing franchise and occasional transportation provider for European tours with 6 buses.

Established 10-20 year(s)
Employees 10 - 50
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 1.9 million
Run Rate Sales USD 2 million
EBITDA Margin 19 %
Industries Tour Operators
Locations  Split
Local Time 1:56 PM Europe / Zagreb
Listed By Management Member
Status Active
Overall Rating
Full Sale
Asking Price: USD 2.3 million (Native Currency: EUR 2,000,000)
Reason: The shareholders are looking to exit the business, with the possibility of selling 85% of it while k... View More
Includes physical assets worth USD 1.72 million
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Business Overview
- Located in Split, we specialize in tour operations as a City Sightseeing franchise, providing amazing experiences for both locals and tourists.

- Our fleet consists of 6 open buses that offer day trips, sightseeing tours, and cruises around the beautiful region.

- We cater to international travelers, running foreign tours throughout the year with our own buses and partnerships across Western and Eastern Europe.

- We’ve got 4 buses purchased with our own funds and 2 that are leased, ensuring flexibility in our operations.

- Our services are available from April 1 to November 1, but we operate 1 bus year-round to host groups, especially from Asia. During seasonal period, we hire 15 more staff to aid in operations.

- We have a solid contract with the town hall, guaranteeing reliability for at least 4 years.

- Last year, we served a whopping 53,000 customers, showcasing our popularity and commitment to quality.

- We sell City Sightseeing packages on our website and at local ports, paying a royalty of 35-40% to the brand, which helps attract tourists and boost revenue.

- Registered as an LLC and have a Passenger Transport license and a Travel Agency license.
Products & Services Overview
Day trips, sightseeing tours (top-selling), cruises, and bus tours.
We cater to both locals and international tourists.
Assets Overview
4 buses (same models). The market value of the buses is EUR 1.5 million.
Intangible assets include:
Concession from the city of Split until 2029.
Franchise contract until 2034.
Facilities Overview
Rented office space in the Port. It is not intended as a main street office, but rather for holding fleet and backend operations. Lease terms can be continued depending on the buyer's requirement.
Capitalization Overview
Funded by the owners. Have 4 owners with 35%, 35%, 15%, and 15% shareholding respectively.
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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