Profitable and growing Aviation GSE company

Bend, OR (Deschutes County) (Relocatable)

One of 6 helicopter tugs we produce
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Asking Price: $1,250,000

Cash Flow: $330,000

Gross Revenue: $1,100,000

EBITDA: N/A

FF&E: $60,000

Inventory: $50,000

Rent: $3,940 /Month

Established: 2010

Profitable and growing Aviation GSE company

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Business Description

2019 sales to come in around $1,350,000 earnings between $300-$400K

This company came about because of a need for a better way to move helicopters around the tarmac and in and out of hangars. Helicopter owners were frustrated with the difficulty of taking something so simple and having it be so difficult. We approached this frustration from the end user point of view. What were the deficiencies of current designs and what would operators like to see in a new design? We listened to the end users and came up with a totally new concept that made moving helicopters easy, safe and reliable.
Our goal was to grow into an industry standard representing the best of what a helicopter tug can offer. We set a goal to be a global corporation and be recognized in every helicopter market around the world. We have been pretty successful in that regard as we have tugs in 20 countries from around the globe and continue to grow in that area.
Our customer base is spread across the entire helicopter landscape. They include military, law enforcement, air ambulance, hospital, private owners, tour operators, corporations, agriculture, charter companies, FBOs, movie studios, super yachts and OEM helicopter manufacturers. We have been building tugs for about 10 years now and have a reputation for building such a quality product that a good portion of our new business comes from referrals.
We have helicopter transporter models that can handle the majority of all skidded helicopters in the market. We also designed the first helicopter tug just for the Super Yacht industry. This tug is the ideal solution for moving helicopters in very tight spaces. It can move sideways or any direction you need which is necessary for the tight limited space available on large yachts and cruise ships.
We offer design solutions for other industries outside of moving helicopters. We have designed cargo loaders for aircraft and component movers for manufacturing plants. We get inquires for many other applications which shows the growth potential of this design in many different markets.
The company is solidly profitable and growing every year. Sales grew by 78% in 2018 and looking for 30% growth in 2019

Ideal for the right person who is technical minded and thrives on creating and building solutions for industry!

Detailed Information

Location:
Bend, OR
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Business leases manufacturing space. On a month to month arrangement with landlord.
Competition:
Main industry segment is GSE for helicopters. We are the best quality product compared to our competition
Growth & Expansion:
We have been growing since we entered this market and becoming a recognized branded product as more and more of our business is coming from referrals. Sales really started taking off in 2018 and 2019 is stronger than last year.
Support & Training:
Owner is available to train new owners for up to 4 months. We want this company to continue to grow so want to support new owners to the best level possible.
Reason for Selling:
This is owner's second successful business and is ready for retirement.
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Business Listed By:
Steve Hill

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