Recently Certified FAA Part 141 Flight School Certified 03/2016. Located at KSNA Santa Ana Ca.
Able to Issue i20 visa's upon approval of new owner by Homeland Security.
Company is a Single Member Montana Limited Liability Corporation
No loans outstanding on any assets.
We just acquired the 2nd office location to house the simulator and also just purchased the 2nd single engine aircraft. Our P&L is with 1 aircraft (single engine) for the last year. 1 Month of our P&L includes the addition of the twin engine aircraft as we just brought it online in July. Basically with 1 office and 1 plane we did 137k Net in our first year.
Seller is willing to finance with 50% down and will stay on for 90 days to assist in transition. seller is also open should buyer wish seller to stay on as a manager on a salary basis.
Item's Included with sale
FAA Part 141 Air Agency Certificate 200k Value
Flight School inventory (books supplies) and Equipment 20K
City of Newport Beach Business License Just Renewed 09/30/2016
2 Office Leaseholds (Electricity Payment included in rent!) @$1650/Mo Rent for both on 1yr lease remaining. (Very Cheap for area)
3 Aircraft Tie Downs at KSNA @$140/Mo each.
3 Aircraft included:
2) single engine Value 45k Each (new engines in both)
1) Multi Value 80K (Mid time engine brand new interior/avionics)
2 FAA Approved Flight Simulator
1) Redbird FMX/CL Full motion simulator (Brand New 100hrs use) Value 84k
1) Elite P135/GNS430 (Brand New ~60hrs Use) Value 8k
Asking Price $399,000
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