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| Travel Leaders Group |
And I wanted to get an update from Berrien Mike about where travel leaders group is today we know in not just the last 22 years maybe baby how will you started travelers when 2 82 carriages hasn't yet yeah and now you're up to how many total agency locations and and what's the what's the vet revenue on that or no. Yeah I don't know who the other locations is roughly 6 travel agents roughly 28 and sales just. North of 17 I think it's a T. close to 8. 18 in sales so you really right now are probably the largest travel agent focused organization in the U. S. maybe maybe the world and up.
I think in terms of traditional travel agents yes I I mean the the tastes a lodge and then he got the mega agencies that do. Travel but intensive what people see as traditional travel agents. We'd be far bigger than that. Anyone right now there you mentioned something earlier at this conference that I thought was very interesting released with the next in group is that one of the reasons you wanted them is that you saw their potential for air sales that they weren't really you know mining that potential and you've actually done something pretty extraordinary the last since you've you brought them right we we were very sad taking because we still are.
It's thousands of agents with these. $1 in sales and making basically no money on airfares at all a because. Many of them aren't selling here which I found extraordinary this is this is this. Part of the business at bay when they were selling and they had no deals right they were making last. It's an average. The national after. Now we may close to a percent average commission. So you can do the math it's a phenomenal difference now are you now have obviously travel leaders franchise group you have Zell you have net shin vacation.com can't forget them about results and crude tablets corporate and dockers holidays. Chris specialist we agree we can go on and on is like this without where do you go next. We we have it with several acquisitions that we're working on. We have one significant or significant what we hope to close in the next 60 days significant. Bob Novak I tell you now please join us barefoot but just between us like no problem there is a certain. You know I did it just to say we're winning that he's got you know we were fiscally conservative it you know we've. You know we found we delivered on a promise is in a mostly to get out. 3 important students are customers are agents of supplies and.
You know we we have $1 facility right now that we ready to use that and that you know I will still have a very conservative balance sheet even go to my next question did you tell you delivering to investors to. I it it well yeah on the basis that the the it actually investors and I'm one of them says Barry we we don't take any money out of it you know it's no difference no dividend that everything stays the company. Well you are a very unique in that you really are people who understand the travel agency business overseeing a massive travel agency group. It's been amazing few years really had us it's very exciting background love working together as Mike said if you don't grow you diet and is no way we're ever going to see tight with well we have.
But we also would not lunatics that we don't just gobble up the earth real quickly and make mistakes. We sort of doctors. We first of all do no harm we buy carefully we make sure it's working better than what we bought it we do the best we can add to a you know it's a great as best we can not always you know put it together like a stew is Mike says surprise is something to be said for letting them work somewhat independently. And then you get ready for your next acquisition I think the next acquisition. Will be quite shocking to many people. We're gonna be looking forward to that and that hopefully this video will get out there before that time but congradulations on a fabulous naked meeting first which was great at Jack. Great job.
That she was a little jewels is waiting to be found. Well we'll look forward to what's to come for travel leaders group and thanks very much for taking the time packaging but frankly I'm a James selling law for trouble polls.
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