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Charter Business With Two Aircrafts For Sale
Location Tennessee,United States
Asking Price Range $250K - $500K
Gross Revenues $263145
Net Profit / Cash Flow $75000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1994
Number of Employees 4 - 5
Inventory 350000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training Yes, will train new owner in all aspects of business.
Reason for Sale Retiring
Description Always dreamed of flying? Own this Part 135 air charter company that is generating revenue the day you acquire. Established in 1983, this company has an impeccable operating history and reputation. Has broad customer base that is growing. This business enjoy a complaint free rating with the Better Business Bureau and zero incidents with FAA. Ideal strategic acquisition for an existing air charter network due to its ideal geographical location, an industrial community.
This is a sleeper opportunity that will reap big returns to an astute buyer. This business had a comprehensive valuation in 2007 by a nationally know appraiser and value was placed at $1,700,000. Current asking price reflects down revenue due to current economy but business is poised to rebound as economy strengthens.Aircraft are housed in a leased 6,000 square feet aircraft hangar with two story office space and room for additional aircraft. Lease is long term and can be transferred to credit qualified buyer. Office area has business office downstairs and flight operations upstairs. Very nice location and facility.Stable market in an industry that is limited in competition due to cost of entry. This business, with its blemish free Part 135 record, will grow rapidly with resources devoted to marketing and web presence.Business is well positioned to avail itself and grow as FAA continues moving toward next generation of air transportation focusing on smaller commutes directly between smaller communities. This niche market will grow as the regional hub and spoke system outlives its usefulness and corporations seek to minimize travel time and expense for employees.Current owner is willing to stay and manage as well as perform flights as needed. Will train new owner in all aspects of business.
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