Turn Key Flight School

Not Disclosed, PA
Armstrong County

Western PA

Asking Price: Annual Revenue:
$950,000 $818,629

Services: Education & Training

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RE: Turn Key Flight School Broker: Ryan Sturgeon

Quick Facts

Asking Price: $950,000
Annual Revenue: $818,629
Net Profit: Not Disclosed
Cash Flow: $169,698
Total Debt: Not Disclosed
FF&E: $238,023
Real Estate: Not Disclosed
Year Established: 2013
Employees: 12
BBN Listing #: 94764955
Broker Reference #: 2603-17060

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Business Overview:

This is an established success story, a turnkey collegiate flight school that comes with five (5) company-owned aircraft, one (1) leased aircraft, Certified Flight Instructors (CFI’s), Transferable 14CFR 141 Air Agency certificate, and an established students/income stream due to local contract with community college for next four (4) years. The present owners can stay on through the transition period and teach you all about the business.

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Property Features and Assets:

The business location is currently on airport property; they lease a 5,000 sq ft hanger for $3,300 a month. The building has ample parking with an ADA-compliant storefront. There is no real estate in the sale as the hanger is leased from the airport. Asking Price does include the aircraft. Assets = $238,023

Market Competition and Expansion:

The Flight School industry is a $3.6 billion highly fragmented industry, with just over 50% of the sector being captive to three major players. Flight training has grown 2.2% since 2016 and is expected to grow 7.2% annually through 2026. Flight schools are heavily regulated by the FAA, which is responsible for certifying flight schools and instructors. This heavy regulation helps minimize the industry competition and, as the regulations become more stringent, this will further limit new entrants. This is a capital intensive industry, which naturally limits new entrants There is minimal local competition. The local competitors do not have the school's prestigious reputation or the same level of certificates, which is why they are able to attract students from surrounding states. There is no competition at the airport where they are based. Significant growth opportunity as the pilot shortage grows in the coming five (5) years. The new owner can scale the classes nationally as all courses are online. The current owner has developed plans to scale the program and is willing to share them with the new owner.

Reason for Selling:

Looking to retire

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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