This successful 21 year old aircraft maintenance and repair shop has a reputation for competent, honest and dependable service. Its Southern California airport has outstanding climate with an average temperature of 74 degrees, 330+/- days of sunshine, minimal congestion and wide-open approaches. The business has been operating from the same location for 10 Years and serves customers from all over California, Nevada, Utah, and Arizona. 80% of the business is repeat and referral. Net is up 15% this year. This is a great lifestyle business for an airplane pilot. Seller owns the two pre-engineered metal aircraft hangers. Each one is 60' X 60' with a 22' height; both have air, electrical and water. The facility is complete with a two person office, restroom, mezzanine, storage/parts rooms, and waste oil containment area. This complete maintenance shop has all necessary equipment to operate, including a sonic parts cleaner, bead blaster, shear and brake, engine hoist and stands, jacks, sheet metal tools and office equipment. There is a large ramp in front of the hangers with 3 tie downs. General Information: Year Established: 1990 Employees: 1 full-time and 2 part-time employees at a monthly payroll of $5,000, not counting the owner. Facility: 7,200 square feet at a gross lease cost of $3,350/month. Hangers are available for sale at $550,000 subject, to a ground lease that expires in September, 2031 with a ten year renewal option. Price Includes: All furniture, fixtures and equipment. Inventory of approximately $40,000 not included. Support/Training: Seller will provide training. Reason for Selling: Retirement Asking Price: $ 80,000 for the business $ 499,000 for the two hangers Gross Revenues: $ 302,400Seller's Discretionary Earnings: $ 81,500
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