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Regional Air Carrier for Sale in Pacific Northwest
| Reference #: |
42081119
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| Location: |
Pacific Northwest
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| Price: |
$0 |
| Amount Down: |
$0 |
| Revenues: |
$7,040,333 |
| Discretionary Earnings: |
$1,652,850 |
| Total Assets: |
$0 |
| Business Description: |
This is a very profitable regional air carrier offering passenger, mail, and freight services to a wide geographic area in the Pacific Northwest. Revenue for FYE 2010 was posted at $7.04 million, and the recent closure of a major competitor has minimized competition, yielding significant development opportunities. EBITDA for FYE 2010 topped $1.45 million which represented a 20.6% EBITDA margin. Pro-forma projections through 2013 favor revenue growth of 10% each year thereafter. Boasts over 50 years of safe and dedicated service to the local community. Schedules flights to 23 surrounding area, and geographic expansion could easily be achieved by opening new hubs in additional areas. Presently operating in 19 mail markets, the Company expects to qualify for an additional 4 in the near future. Averages approximately 30 flights per day to carry 150 passengers and 7,000 pounds of mail. Currently holding operating leases on all 14 of its Cessna 207 and 172 aircraft. The Company occupies a 7,100 square foot passenger terminal, and a 12,000 square foot hanger; the hanger is available for lease or purchase. Freight service offers an avenue for great potential growth, as there is very limited competition in the market. Marketing efforts have been limited to minimal local advertising and word-of-mouth referrals; increased efforts would immediately accelerate growth over a short period of time. |
Contact Us About This Business For Sale
The information above has been provided by the seller and/or the seller's financial advisors and has not been verified by this independently owned office, its representative, or VR. This independently owned office, its representative, and VR make no warranty regarding the accuracy of this information and advises prospective buyers to conduct their own due diligence prior to purchasing any business. |
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