Turn Key Part 61 Flight School (NO 141 and NO SEVIS)

Portland, OR
listing image
Asking Price:$599,500
EBITDA:$95,000
Gross Revenue:$1,150,000
BUSINESS DESCRIPTION

Thank you for your inquiry! We are excited to present this multi-faceted aviation success story offering you a variety of aviation businesses within a one-entity purchase. Complete with a Part 61 Flight School and up to 12 aircraft as negotiated, Single-Pilot/Single Part 135 Charter, Part 91 Air Tour LOA, 2 FAA Certified Written Testing Centers, and Internal Maintenance, Fuel Commission Profits as an Added Bonus (No Inventory Costs). They can offer all airplane certificates, ratings, and endorsements available from the FAA and all Helicopter Certificates. Since 1987 the company has been located in the #1 Aerospace Engineering job market in the USA. Central USA based, per capita, has the largest amount of aerospace engineers in the entire world due to Collins Aerospace locally. Many pilot students come from the surrounding areas who seek flight training, tours, and charters. The seller is a sole-owner DPE/CFI/PILOT and is willing to set out to pursue other opportunities. (2) locations come complete with leased office/hangar spaces, inhouse testing, fuel at cost at one location, and full staff to support the existing student and customer demands. Also standardized procedures, checklists, and syllabi. This is an excellent opportunity to take over an aviation success story and grow it from here. Ask Price: $599,500 (+) You Pick Aircraft Assets/You Pick Taking Over Existing Aircraft Leases.

FLIGHT/CHARTER OFFERING DESCRIPTION: (C/Corp):
FAA Approved Part 61 Flight School.

STAFF/LOCATIONS:
(7-9) CFI’s (2 Seasonal)
(2) DPE’s On Site
(1) I/A. Full-time.
(1) A/P. Full-time.
1-Payroll/Bookkeeping. Part-time.
(3-4) Administrative staff members. Part-time On Demand as Needed.
(2) FAA Testing Centers.
(2) Locations: Central USA
FAA Incident/Accident by Seller/Owner in 2019. Aircraft landed in cornfield. Classified as "Incident" not Accident. File was closed.

Leased Fuel: (2) 10,000 gallon tanks managed and maintained by the City. 40-50% of fuel profits shared with city without having to lock up money in fuel at 2 locations.
(Independence Location: Wholesale fuel with hangar use. Retail Fuel with hangar use).

Leased Aircraft: No minimum hours on the 3 Cessna 172 R/S Models @ 55/hr. They are valued at 250k each. 100/year minimum on the 135 aircraft at 350/hr. No minimum on the helicopter.

PART 61 FLIGHT SCHOOL: Estimated $1.1m/year.
All aircraft are on Part 61 Flight School.
Private Pilot Certification for both Fixed Wing/Rotorcraft
Commercial Pilot.
Flight Instructor.
Recreational Pilot.
Sport Pilot.
Airline Transport.
Multi-Engine.
Instrument.
Tail Wheel.
Complex/High Performance
Student Testing.
DPE

PART 135 CHARTER: Estimated $30k/year.
Single Pilot/Single Aircraft.
Approved for 9 or less passenger aircraft.
B050: USA48.
D085: Beech Bonanza A36 exclusive use aircraft.

PART 91 LOA TOUR: Estimated $15k/year.
All aircraft are on Part 91 LOA Tour.

FIXED WING & ROTORCRAFT MAINTENANCE: Estimated $25k/year.
Annual Inspections.
Simple to complex repairs.
Some AOG on demand.
LEASED AIRCRAFT FLEET:
(3) Cessna 172s.
(1) 1980 Enstrom 280C Helicopter.
(1) Beech Bonanza A36. On Part 135/Single Pilot.

COMPANY OWNED AIRCRAFT FLEET:
(2) Cessna 172s. Small note.
(2) Piper 151 Warriors. Paid off.
(1) Piper Arrow. Small note.
(1) Piper 140 Cherokee. Paid off.
(1) Piper Seneca II Turbo. Small note.


DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Real Estate
Owned
Report an Issue with this listing
profile-img
Dean
Kantis
logo-img
Dean Kantis