Sean said the DU books $50 - $60 million per year. But that is not their net income. They get a % and that amount depends on if it’s a cruise or hotel vacation. It was between 10-20%.
So there is a lot at stake here.
Just a mental exercise:
I would be curious just how much in liquifiable assets both the remaining co-owners and the company have access to. $50 million starts out sounding like a lot, but then as you say, it's a percentage of that that comes back to DUT (somewhere around 15% on average from what I have read).
From what I understand, airlines pay almost nothing to TA's for bookings, and hotels are down in the 10% range. The real money is in cruises, and that explains the focus on cruises at DUT. Makes perfect sense. However, if a good chunk of that overall business is in the air fare and hotel category, then the percentage earned by DUT might actually be on the lower end and closer to 10%.
Now, you're possibly down to $5 million in revenue. But, a chunk of
that goes to the agents as commission (apparently around %5 for domestic travel, but obviously the compensation at DUT may be higher or lower). If (and this is just a mental exercise) the agents are taking home 5%,
now you're looking at $2.5 million, before any other operating expenses (insurance, benefits, YouTube channel sponsorships, company marketing expense for trips, etc.) are accounted for. Once that is done, and any and all taxes are paid, the remaining net profits, when spilt three ways between the three principles could be a good chunk south of seven figures.
I have no idea what he real numbers are, just kinda thinking through how quickly what looks like significant front-end billables can end up looking pretty small on the back side (and THAT part is from personal experience, LOL).