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AVIATION – Multi-faceted FBO with ancillary services.
| Asking Price: | $2,250,000 | Inventory: | $40,000 ** |
| Gross Revenue: | $2,028,700 | Real Estate: | $950,000 ++ |
| Cash Flow: | $284,600 | FF&E: | $990,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
The Company is a diversified aviation organization serving the entire Northeast. The Company operates multiple business lines that effectively serve all aviation related needs for the region including a full-service fixed based operation (FBO) offering fuel services, de-icing and maintenance services with hangar storage capabilities; part 135 charter service and aircraft rentals; as well as being the region’s oldest flight training school and only part 141 flight school.
It is truly a rare occurrence when an FBO of this magnitude is offered for sale. Operated from its current location, The Company has been a family run business since 1946 and this is the first time this business has been offered for sale.
This is one of finest Flight Schools in New England, and one of the few places where pilots may take the written F.A.A. exam. The Company also offers training under the G.I. Bill and is offered with up to eight aircraft included.
The Company’s experienced crew includes a chief charter pilot, chief flight instructor, maintenance supervisor and a line/scheduling manager. The employees are aware the current ownership is developing a transition plan to ensure The Company’s long-term stability and to continue offering top notch service for the region. All employees may reasonably expect to continue working for a new owner.
The airport serves some of the nation’s most recognized faces who have summer homes in the region. These business executives and celebrities come to the area for its famous quality of life and this historic FBO is often their first welcome.
It is truly a rare occurrence when an FBO of this magnitude is offered for sale. Operated from its current location, The Company has been a family run business since 1946 and this is the first time this business has been offered for sale.
This is one of finest Flight Schools in New England, and one of the few places where pilots may take the written F.A.A. exam. The Company also offers training under the G.I. Bill and is offered with up to eight aircraft included.
The Company’s experienced crew includes a chief charter pilot, chief flight instructor, maintenance supervisor and a line/scheduling manager. The employees are aware the current ownership is developing a transition plan to ensure The Company’s long-term stability and to continue offering top notch service for the region. All employees may reasonably expect to continue working for a new owner.
The airport serves some of the nation’s most recognized faces who have summer homes in the region. These business executives and celebrities come to the area for its famous quality of life and this historic FBO is often their first welcome.
About the Business
Year Established:1946
Employees:15 full time -
Facilities:The Company operates from a state-of-the-art headquarters which has approx. 5,600 sq. ft. of admin space and 6,800 sq ft of heated aircraft storage. In addition to The Company’s leased headquarters and 38 tie down spaces The Company owns a dedicated maintenance building with approx. 6,474 sq. ft. and three additional hangars of approx. 6,418 sq ft, 9,418 sq ft, 11,715 sq ft.
The Company is offered with 8 aircraft, fuel truck, 2 aircraft tugs, courtesy vehicle, tools and shop equipment, furniture, fixtures and other miscellaneous equipment to make this a true turn-key operation.
Market Outlook and Competition:The Company is considered the best in the region for aircraft service. By reputation alone The Company draws customers from the entire Northeast who regularly fly here to have their aircraft maintained.
The Company is the only FAA Part 141 approved flight school in this state and one of the very few in New England! The Company can train pilots through airline transport as well as GI training. Because Part 141 schools operate using FAA approved training syllabuses, students can attain their ratings in less hours than in a Part 61 school and under the scrutiny of the FAA, VA and the State’s Department of Education.
It is important to understand the current ownership has chosen to maximize their lifestyle and that their financial goals with this business have been obtained. However, the business is uniquely poised for growth in several areas, such as:
Each of the fiver business segments is uniquely poised for growth and ready for a new owner to take this storied business to the next level.
About the Sale
Management Training and Support:One of the sellers desires to lease space in the facility to operate his aircraft brokerage business placing him in the facility for the foreseeable future and both sellers are willing to make themselves available to a new owners to assist in the transfer of this business under reasonable and customary terms.
Reason For Selling:Retirement.
Seller Financing:Sellers will consider financing a portion of this transaction to a qualified buyer.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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