Make $2.3M/yr owning a Flight School - Acquisitions Anonymous episode 163

Michael Girdley (@Girdley) and Bill D’Alessandro talk about an aircraft service center and flight training school. Why are we SO excited about hobbyists as a customer base? What is needed to succeed in this business? The business has some exciting numbers for anybody interested in a lifestyle-type business in this space. Company:   Aircraft Service Center and Flight Training School, $2.5M list priceLocation:   New JerseyStated Financials:   Annual Revenue $ 2,322,000Asking Price:   $ 2,450,000-----Thanks to our sponsors!CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.-----Show Notes:(00:00) - Introduction(00:41) - Our Sponsor is CloudBookkeeping.com(02:08) - Is Bill finally okay after his anger from the last episode?(04:13) - Deal & financials: Aircraft Service Center and Flight Training School(07:31) - What pieces of information are worth noting?(11:23) - Why do you need to love the line of business for this deal?(12:56) - Buyer-business fit: The owner has been in the aircraft business for decades(16:21) - Why do they have a gravy train as a marketing funnel?(16:47) - What is so particular about intense hobbyists as a customer base?(19:51) - What do we forecast for this industry’s future?(21:15) - Why is this such a fantastic lifestyle business?-----Additional episodes you might enjoy:#162 - Cleaning up crime scenes for big money! #161 - How to spot red flags in eCommerce listings?#160 - Should we buy this drag strip... for the land?#159 - Make Millions Moving Dirt in Michigan#158 - $1.2mm revenue Court Maintenance Company for Sale!#157 - Make a $1mm/yr with a Language SchoolSubscribe to  weekly our Newsletter and get curated deals in your inboxAdvertise with us by clicking hereDo you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.Do you enjoy our content? Rate our show!Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.For inquiries or suggestions, email us at [email protected]