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Avionics Sales and Service Company for Sale in Mid-South Metro Area

Reference #: 41412089
Location: Mid-South Metro Area
Price: $2,800,000
Amount Down: $2,800,000
Revenues: $3,718,668
Discretionary Earnings: $634,790
Total Assets: $1,100,794
Business Description:

In 1981, this business, located in a large southeastern metropolitan area was founded by a 23-year veteran of the Avionics Industry.  Over the ensuing years, the Company recruited and developed three of the top avionics managers in the industry.  Since that humble beginning, the Company has continually increased revenues and profits, and has earned a solid reputation with its customers in being technologically up-to-date, having talented and experienced technicians, solving unique avionics problems and consistently delivering quality work at competitive price.  Almost every year since 1981, this Company has been recognized by Pro Pilot Magazine's subscribers as one of the top avionics shops in the United States.  Due to the owner's health, the business must be passed on to the next generation.This Avionics Company has the facility to accommodate exponential expansion.  Not only is this business located at an airport that can accept any size aircraft, but is located with 500 mile radius of 35% of the U.S. In addition, the airport has additional hangar space to lease for growth.The Company routinely services small aircraft, such as Mooney, Bellance, and Piper as well as turbo props and jet aircrafts, which include Mitsubishi, all models of Swearniger, Beechcraft, Cessna, Lear and Turbo Commanders.  The company has more than 20 highly-trained employees and offers a complete avionics services that include upgrading, installing, maintaining or repairing avionics systems.  The company has a bench test department that assists in diagnosing problems quickly.  In FY 2008, the Company had annual sales of $3.69 million with an adjusted EBITDA of over $609,000.  During the Company's 28 history, the company has never lost money and the business currently operates debt free.Management Team is in place, post acquisition.


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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.