Business For Sale

Ballooning - Fun Business Big Net

Not Disclosed, CO

Southwest Colorado


Asking Price: Annual Revenue:
$400,000 $300,000

Retail: Sporting Goods, Recreation


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RE: Ballooning - Fun Business Big Net Broker: Robert Minor
License #: 78740

Quick Facts

Asking Price: $400,000
Annual Revenue: $300,000
Net Profit: Not Disclosed
Cash Flow: $175,000
Total Debt: Not Disclosed
FF&E: $175,000
Real Estate: Not Disclosed
Year Established: 1987
Employees: 1
BBN Listing #: 74061101
Broker Reference #: Not Disclosed

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Business Overview:

This is a very well established Hot Air Balloon tour company located in a beautiful and desirable southwest Colorado city. An FAA Commercial Pilot License is required and there are enough schools around the country to make it fairly easy for the buyer. A buyer would need to first complete 10 hours of supervised flight and then a couple of weeks of ground school for a Private Pilot’s License. Then some additional hours of supervised flight and a competency test for the Commercial Certification. The seller is happy to help on the extra hours and would prefer the prospect qualify for at least the private pilot certification prior to closing. Seller is also willing to cover flights up to the time of new owners FAA Commercial Certification and stay on to allow an increase in first year business for the new owner – 2 Pilots are better than one. There are many flight reservation requests that must be turned down since the seller is the only pilot. This is currently a one-person business. Independent contractors are used for setting up, inflation, follow, landing, takedown, repacking and moving the equipment back to the storage lot.

2017 was an excellent year. There aren’t many businesses that generate nearly 60% Net Profit – this one does. NDA is required and fully details including financials are available.


Contact: Business World Brokers, Inc.
Although this information is deemed reliable, it is not guaranteed by Business World Brokers, Inc.
www.businessworldbrokers.com

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Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • 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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