Description of the business for sale
Busy flight school catering to international students for sale. Approx Fifty students enrolled are training for private pilot licenses and some multiengine training with goal of careers as airline and other pilot positions. Most students pay in advance for the training, so there are no cash flow or collection problems. School has been around for 14 years with increasing sales and profits, school operates under Part 61 FAA regulations. School also has the capacity to issue JAA, Joint Aviation Authority, European pilot credentials, as the school has a parent company in Europe that qualifies the company for this coveted status. Student flock to the school and its pupils enjoy learning to fly year round in one of the best climates in the world! School markets by word of mouth in international community, and has a nice history and reputation with it’s over 1200 Alumni worldwide.
The taxes and results for 2007 are still being assembled, for 2006 the company had sales of $2.2 million with Seller discretionary cash flow of approx $400,000. Seller projects sales are up for 2007 by 20%. For the right buyer with $200,000 down, the seller may carry $460,000 in a note at 7.50% interest, 60 payments of $9217.46 per month, subject to credit approval, total price $660,000. Seller also would consider an interest only period prior to the 60 month amortization period. Interest only would be $2875.00 per month on the $460,000 note, which is $34,500 debt service interest only for on
Support / Training provided by seller
Seller will provide training.
Description of the facilities
3,000 sq ft