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Travel Agency Seeking Loan in Port Moresby, Papua New Guinea

Travel agency that is been involved in airline e-tickets, hotels and car booking services.

Established 5-10 year(s)
Employees < 2
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 26 thousand
Run Rate Sales USD 3 thousand
EBITDA Margin 10 %
Industries Travel Agencies
Locations  Port Moresby
Local Time 2:37 PM Pacific / Port Moresby
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 5 thousand for 8.0% annual interest, 5 years (Native Currency: PGK 20,000)
Reason: Need funds for working capital as the revenue has reduced in recent times.
Collateral Available: USD 0
Includes physical assets worth USD 10 thousand
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Passport
Business Overview

- Local, homegrown travel agency with quick and easy travel solutions for domestic and international flights.

- We receive 5-10 walk-in clients on a daily basis but that has reduced recently due to COVID.

- We have a good understanding of the travel industry.

- We specialize in the issuance of airline tickets with fare quotations.

- Business is operated by an ex-airline staff with more 30 years of experience in this industry.

- Have partnered with ticket booking agencies to book tickets.

- We charge a commission on the tickets booked to generate revenue.

- Sales have reduced due to less business and fewer customers as a result of the pandemic.

Products & Services Overview

Airline ticket reservations, issuance of airline tickets online, making airline reservations for passengers, fare quotations with the knowledge of selling specials, hotel room booking, car hire.

Assets Overview

A computer, airline reservation software system, 5 office chairs, tables, a printer, lightings.

Facilities Overview

Rented office space on the second level of a building. Office is located in a very good location in the downtown area.

Capitalization Overview
Not Disclosed
Recent Activity
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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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