Flight School
Location California,United States
Asking Price Range < $250K
Gross Revenues $337167
Net Profit / Cash Flow $30000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2001
Number of Employees 6 - 9
Inventory 90000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Seller will provide training for 8 weeks at 10 hours/week.
Reason for Sale Retirement.
Description Flight School established for over six years as a hobby for this retired wide body jet pilot has been fun for the students and instructors and the owner. Age and health issues now force retirement ASAP, so your leadership and business experience are needed to take over and guide the school to the next level. The school is a licensed FAA Part 141 flight school. The school also has a maintenance contract that keeps the planes well maintained and up to FAA and manufacturer standards.
The school is located in a small airport that is in a wealthy area surrounded by large homes and successful businesses. The key to success will involve you as the new owner applying business management and leadership to move the school ahead. Airlines are expanding, so students interested in a career in aviation are welcomed to the school to begin their possible life careers! Students also can learn aerobatic flying at the school , this brings in airplane rental business and more students.
Included in the sale are three planes owned by the school with equity of around $50,000. Private parties provide another two planes for the school on a lease-back basis, and then the owner has another three planes that he owns and leases to the school. Thus, students can access up to eight planes for lessons. Other assets of the school include repair and maintenance manuals for planes, this library may be valued up to $40,000 or more. The school also has attractive plane tie down spots at attractive rentals rates that are convenient to the school, and next to key airport facilities. The school also operates its own fueling truck and thus gets attractive fuel rates and fast service for students and plane renters. In addition, the owner of the flight school owns a FAA Part 135 charter corporation based at the same airport which is not for sale at this time.
Asking price is $175,000, with half down of $87,500, seller will carry the balance as a seller note, subject to credit approval
Click Here To Contact Seller
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