Mon, 07 Jun 2021 | BUSINESS SALE
Hays Travel has acquired homeworking franchise firm Explorer Travel for an undisclosed fee as it looks to expand its homeworking operation. The move to acquire Explorer Travel comes after Hays Travel accelerated a review of its portfolio due to the COVID-19 pandemic and closed 89 shops.
Explorer Travel’s 70 franchisees will now join the more than 350 staff in Hays Travel’s homeworking division. Hays Travel’s homeworking business sees many of its staff go on to form independent operations under the Hays Travel Independence Group.
Steve Wood, the owner of Explorer Travel, approached Hays regarding a potential acquisition after deciding to leave the travel sector. Wood said that he felt Hays Travel offered the best place for the company’s franchisees to grow their businesses.
Dame Irene Hays, owner of Hays Travel, commented: “We have had a very good first meeting with the franchisees and we’re looking forward to helping them grow their businesses and to recruiting more people into our latest franchise model in due course.”
“It’s a very different approach and I am very excited about it filling a gap between our Premier Telesales Homeworking and Personal Travel Consultants and the Independence Group, opening up new opportunities for our existing colleagues.”
“It’s also allowing many more people to join who enjoy homeworking and are looking for the chance to earn a good living at home and eventually perhaps build their own business.”
Read more about M&A in the travel industry.
Find businesses for sale here.
If you are looking for an exit, we can help!
A leading internet-based provider of customisable and curated beauty box services. Over the last decade, the business has evolved from a premier subscription service to a leading internet-based provider of highly attractive and rapidly expanding beau...
WEB-BASED
A 10 bedroomed town centre hotel which welcomes tourists and locals alike. Set in the picturesque region of Dumfries and Galloway, the hotel also hosts a year-round trade of golfers, bikers, cyclists, hikers and sighters keen to take advantage of the...
FREEHOLD
Located on the Island of Burray, just off mainland Orkney, once only accessible by boat, but now linked by the iconic causeways - the Churchill Barriers. The hotel itself has an imposing position overlooking the beach and Burray Harbour, with stunnin...
FREEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.