Light Aircraft Maintenance & Repair Company For Sale

Business description

This business was established in 1997 and specialises in light aircraft maintenance and repair. Having built a team of highly qualified and experienced maintenance engineers they supply the complete package from aircraft maintenance, repair and surveys through to complete refurbishment of light aircraft. The Business holds EASA Part 145 and trades from a substantial hanger on a small secure airfield, which is fully set up to make the best use of the facilities available.

A highly reputable and well-known business, this company not surprisingly attracts custom from many miles around and can boast customers that have been with this business since day one. Taking a flexible approach to ensure top level customer service and value for money has ensured success, the business takes great pride in making sure customer’s requirements are always met.

This opportunity represents an excellent proposition for a buyer looking to expand their market share in the light aircraft maintenance and repair sector, or an aircraft engineer looking to purchase their first business. This easy to run, established and consistently profitable business is ideally placed to take full advantage of this stable market and increase the turnover.

Equipment:

The sale includes all tooling, spare parts, plant and equipment, office furniture and a database of current and past customers.

Customer Service:

The vendor offers a one stop shop with regard to maintenance, servicing and repairs of light aircraft. The business has been built on offering a friendly and quality service, from a scheduled annual check through to complete refurbishment.

The services offered by this business include, but are not limited too;
• Servicing
• Repairs
• Spares & Accessories Fitting
• Insurance Work Undertaken

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The current annual turnover is circa £520,000, with gross profits of £170,000 and a strong adjusted net profit in the region of £110,000.

The Asking Price of £400,000 is for the shares of the business.

Full financial information is available, subject to the completion of the usual confidentiality formalities.

Property information

Property:

Leasehold

Lease terms:

The current rent and rates are approximately £30,000 per annum.

Location:

The leasehold premises are securely located on a small Airfield and covered by communal CCTV. The current rent and rates are approximately £30,000 per annum.

Business Operation

Expansion potential:

The vendor believes that the site could easily accommodate an increased amount of work. The site is well laid out and benefits from hard standing around the hangar for customer parking as well as substantial space for light aircraft with easy access from the runway. The business has scope to handle larger customer numbers and there are definite signs of the light aircraft market continuing to grow. There is a large ‘untapped’ market of local flying schools and an aggressive approach to marketing would surely reap great rewards.

Competition / Market:

Most new business is generated from client referrals, bearing strong testimony to the business's excellent reputation. The business has a good database of clients and is pro-active in respect of mail-shots for annual checks.

Reasons for selling:

The vendor is approaching retirement age and wishes to enjoy the fruits of his labour.

Trading hours:

Monday – Friday: 8.00am to 4.30pm
Saturday: 8.00am to 1.00pm

Employees:

The business is currently run by the vendor who is ably supported by 15 further staff members, including engineers, an administrator, a cleaner and a quality manager.

Years established:

1997

Other information

Support & training:

The vendor will offer a full training and support to facilitate a smooth transfer of ownership. Furthermore, the nominated engineer is a minority shareholder and would be open to discussions regarding his retention.