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With a stellar history and reputation, this aircraft engine aftermarket company will see Revenues grow from its current level of $2M to over $7M in just 4 years. Attending EBITDA levels will run at 10% of sales, generating levels of $200k upward to $700k. The Company’s expertise is engineering: it is well known for designing, reverse engineering, and re-engineering. Further, it is a reliable supplier, often meeting deadlines that others cannot. The Company maintains a parts inventory, a competent technical staff, and fabrication means needed to fulfill the toughest of customer requirements. The owner will facilitate a smooth transition with a longer term phase-out ultimately leading to his retirement.
Real Property Included
The business is located in a renovated and leased facility of 3200 square feet. The location is not relevant to their customer base, but is located near other major aerospace businesses. As such, it is in close proximity to other aero infrastructure support operations.
The Company has a specific growth plan that will double sales by 2020. The performance in 2016 is to-plan, demonstrating the credibility of the plan. The market will grow as users and maintenance groups continue to seek ways to extend the lives of their aircraft fleets. Even as OEM builds rebound in the distant future, there is a strong aftermarket need to be met, and the Company’s reputation puts it in prime position to satisfy that demand.
A weak OEM market bodes well for the segment of aftermarket. Prices through approved non-OEM suppliers run 60% less. The Company enjoys a stellar reputation built over 8 years and outperforms the competition in quality of workmanship and on-time delivery. The Company has established a strong following of customers and approval agencies, e.g. the FAA that cannot be duplicated within a short period of time. Likewise, the engineering knowledge acquired over that period is extensive and difficult to learn.
Owner is experiencing some health issues and wishes to retire.
Seller supports full training to aid in a smooth transition.
Possibly some seller financing for a well qualified buyer.
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