This is a light aircraft manufacturer Certified Service Center located between South Alabama and North West Florida. They service all types of plane: singles, twins, Turbo, complex from all type of brands: Cessna, Pipe, Beech, and Mooney. They do aircraft maintenance, routine, scheduled, preventive maintenance as well as inspections and repairs and pre-buy inspections and aircraft modifications.
In the less than 13,000 pounds category, there are more than 750 planes in 13 neighboring counties that could be serviced by that company*. Those planes have, in average, a 46 years manufacturing age!
* Data from Federal Aviation Administration registry website.
This company is looking for new leadership with management and salesmanship. No specific license is needed to run that company. All current technicians carry the necessary licensing. The current employees will be happy to stay.
It would be ideal for an individual or a great bolt-on acquisition for an existing company looking at expanding its geographical footprint.
1-The original owner has other business interest and has run the business has a semi-absentee owner.
2-The business is the only game in town; the closest competitors are more than 70 miles away. There are 4 competitors in a 315 miles radius (2 at more than 200 miles away).
3- 3 Mechanics that are independent contractors.
4- Aviation Maintenance is counter-cyclical business per nature. It is less prone to suffer from economic downturn.
5-Sqft 5,600 hangar leased at a $ 1,000/month.
This is a perfect company for a motivated, energetic buyer. The business is located in a fast growing and highly desirable area.
With an average of $ 100,000 Seller Discretionary Earnings the last 3 years, under a new dedicated ownership, this business could fly.
Several potential new revenue stream: Upholstery, Painting and restoration, Modifications, Brokerage.
Asking Price $230,000
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