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 price
Location: New Jersey
Stated Financials: Annual Revenue $ 2,322,000
Asking Price: $ 2,450,000
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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?
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