Business Overview:
This successful 21 year old aircraft maintenance and repair shop has a reputation for competent, honest and dependable service. Its Southern California airport has outstanding climate with an average temperature of 74 degrees, 330+/- days of sunshine, minimal congestion and wide-open approaches. The business has been operating from the same location for 10 Years and serves customers from all over California, Nevada, Utah, and Arizona. 80% of the business is repeat and referral. Net is up 15% this year. This is a great lifestyle business for an airplane pilot. Seller owns the two pre-engineered metal aircraft hangers. Each one is 60' X 60' with a 22' height; both have air, electrical and water. The facility is complete with a two person office, restroom, mezzanine, storage/parts rooms, and waste oil containment area. This complete maintenance shop has all necessary equipment to operate, including a sonic parts cleaner, bead blaster, shear and brake, engine hoist and stands, jacks, sheet metal tools and office equipment. There is a large ramp in front of the hangers with 3 tie downs. General Information: Year Established: 1990 Employees: 1 full-time and 2 part-time employees at a monthly payroll of $5,000, not counting the owner. Facility: 7,200 square feet at a gross lease cost of $3,350/month. Hangers are available for sale at $550,000 subject, to a ground lease that expires in September, 2031 with a ten year renewal option. Price Includes: All furniture, fixtures and equipment. Inventory of approximately $40,000 not included. Support/Training: Seller will provide training. Reason for Selling: Retirement Asking Price: $ 135,000 for the business $ 499,000 for the two hangers Gross Revenues: $ 302,400Seller's Discretionary Earnings: $ 81,500
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Real Estate License ID: 01438544
Reason for Selling:
Retirement
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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