Business for Sale Overview:
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 nations 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.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The Company operates from a state-of-the-art headquarters with 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. Support/Training: 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.
Market Competition and Expansion:
Competition: The Company is considered the best in the region for aircraft service. 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.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 Dept. of Education.
Growth/Expansion: 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.
Reason for Selling:
Retirement.
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.