Profitable Aircraft Maintenance Business with 145 Air Station

CA

Seller Financing Available
Profitable Aircraft Maintenance Business with 145 Air Station
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Asking Price: $1,200,000

Cash Flow: $249,837

Gross Revenue: $594,487

EBITDA: N/A

FF&E: $177,000

Inventory: $10,000

Rent: $1,623.45 /Month

Established: 1996

Profitable Aircraft Maintenance Business with 145 Air Station

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Business Description

Growing Business

Aircraft maintenance business has been operating out of Southern California airport for 23 years. Great lease. FAA certified 145 Air Agency repair station. Contracts with all major airlines. Seasonal business is balanced with annual inspections during non-peak months and packed schedules during peak season.
This business services everything from cloth antique planes to 737MAX jets.
Lender pre-qualified.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
10,000
Lease Expiration:
N/A
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Hangar on tarmac at airport. 10,000 sq. ft. of 30,000 sq. ft. building. Balance can be rented as needed for large aircraft. Opened in 1996, this business has grown steadily in sales and customer count. It survived the 9/11 hit to aviation where many competitors went out of business. They also weathered the 2008 financial crisis and remains the only maintenance company at the airport. Others have tried to compete but have failed. Certification by the FAA for a 145 Air Agency Repair Station is a terrific competitive advantage and barrier to competition.
Competition:
No legitimate competition at the airport. Some fractional carriers are turned away when it is busy so they arrange for rogue service providers to help against airport policy. Addition of staff could recapture all of this business by asking the airport to enforce policy already in place.
Growth & Expansion:
This business is performing at capacity limited only by certified mechanics. Adding mechanics will allow the acceptance of more business.
Financing:
120000.00
Support & Training:
4 weeks
Reason for Selling:
retiring
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Rick Rayl

Business Listed By:
Rick Rayl

Transworld Business Advisors Coachella Valley

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB).

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