Key Points From the Interview
umors of their demise were greatly exaggerated.
I'm reminded of that famous Twain-ism when thinking about travel agencies, which the internet had supposedly killed off long ago.
But today's interview is the second in recent months where my guest bought a healthy travel agency business.
You'll recall Shell Zhang's interview in January. Shell bought Nada's Italy, a business that does group tours to Italy.
The business that today's guest Jared Benoff acquired also targets a niche, destination weddings.
This niche focus does seem to be the key for modern day travel agencies to thrive.
And the subject of today is indeed thriving:
Great margins, a completely virtual business, around $1m in SDE, and, of course, expensed trips to Cancún.
Another feature of Jared's story that we spend time on: the sellers of the business he bought were... his parents.
We learn all about that dynamic.
For another story on an acquisition entrepreneur buying his parents' business, see our interview with Jordan Evans from July. Jordan's parents had a language services business, which he has taken from $700k in revenue to $12m.
OK, here is Jared Benoff, owner of Vacationeeze.
