PRICE REDUCED! Aviation Business Owner wants Buyer or Partner!

Phillips, WI

Seller Financing Available

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Asking Price:$395,000
BUSINESS DESCRIPTION

Northern Wisconsin Aviation Business with hangar available immediately! When it comes to growth 'the sky is the limit!' This 20+ year old well established aviation business offers a prime opportunity for an A & P mechanic with IA certification as a partner and/or purchaser! PBH airport (Phillips) has a recently resurfaced 5,220' runway to accommodate larger jets, and also has a 3,951' runway. The airport is nicely located with stores and restaurants nearby, and there is a courtesy car available. The business includes a hangar built in 2003 (land lease is $500/year). The building is 60x66 with office and full bath, (in floor heat), and heated workshop (with separate heater) and hangar with a 46x14 door. The building has steel walls inside and out, and the building is well insulated, with city water and sewer, and 200 amp service. There's ample parking and location is fenced. The seller has a solid customer base for annual inspections and repairs, and he also restores aircraft.


DETAILED INFORMATION
Location
Phillips, WI
Inventory
Not Included in asking price
Real Estate
Leased
Facilities
The hangar is located in Northern Wisconsin in the Price County Airport in Phillips, Wisconsin (PBH). There are no hangars located to the North. The 60x66 hangar has a 16x14 office, 9x7 bathroom with shower, 38x16 insulated workshop with in floor heat, with the main hangar 60x50 with 46x14 opening. The interior has tin walls and ceiling and has convenient city water and sewer. There is 200 amp service. This facility has ample air craft and vehicle parking.
Competition
The owner has an extensive client list and little competition...no immediate competition in the area, with plenty of room for growth.
Growth & Expansion
The current owner does repairs and restoration, as well as annual inspections. There is a possible opportunity for flight school and there is room for growth of existing clients.
Financing
Creative financing available!
Support & Training
Seller will train qualified buyer or partner and will work through the transition as needed. Terms of employment shall be negotiated with purchase.
Reason for Selling
Seller is retiring
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Jody
DeLasky
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Jody DeLasky