Thriving Southern California Flight School

Los Angeles County, CA

Flight Line
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Asking Price: $1,900,000

Cash Flow: $380,000

Gross Revenue: $1,350,000

EBITDA: $300,000

FF&E: $500,000

Inventory: $15,000

Rent: $3,300 /Month

Established: 2007

Thriving Southern California Flight School

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Business Description

Busy Southern California Flight school serving successful, dense community with sizable disposable incomes and time to explore new adventures, seeks a fresh ownership perspective to further capitalize on ever-growing customer base. Current management will train new ownership for at least three months. Year-over-year sales and net income comp show strong growth. Competition in recent years has significantly decreased, leaving only one market competitor. The business can be easily relocated given its strong name recognition, staff roster, leaseback contracts and vendor relationships.

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Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,800
Lease Expiration:
1/1/2021
Employees:
25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The bread-and-butter of the school's sales comes from a unique "Light Sport Aircraft" rental, owned by the school. These LSAs have extremely low operating/maintenance costs and are a joy for students and renters to fly. The LSAs set the school apart from other schools, which operate traditional Cessna 172s. The low costs and high desirability make the aircraft very profitable to rent and train in.
Competition:
Serving one of the most economically vibrant communities in Southern California, the flight school's only challenge is maintaining enough aircraft and flight instructors to serve the number of people that want to fly and train with us.
Growth & Expansion:
We continue to hire/train new instructors and acquire more aircraft to serve the growing roster of students and renters that want to fly with us. Potentially we could use our same business model to open other locations in Southern California.
Support & Training:
General Manager will train new ownership for at least 3 months (negotiable) and may subsequently be available for part-time consulting. GM has managed school for 3 years and has 15 years experience in business management.
Reason for Selling:
Owner wishes to retire and invest in other ideas
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Business Listed By:
Joseph Vazquez Miller

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