Summary: FAA Certified Repair Facility located in Southern California with niche service offered. Newly established facility opened for business February 2008. Shop has 2 licensed FAA certified repair persons working on premises desiring to stay on.
This facility currently only repairs a specific part in jet engines. There are only 3 other facilities Worldwide that can perform this same service. Seller current only provides service to one specific Jet Engine. Buyer can infuse capital and provide the same service to other models from the same manufacturer and to other engine manufacturers. Additionally there are many other areas to grow this business in related repair services.
Sales growing monthly. Currently billing approx. $50,000 per month with expenses running approx. $20,000 per month. Seller has letter on Intent from Major Commercial Airliner to potentially provide repair work for their worldwide fleet. Potential income from this one new customer is $3-4,000,000 annually. Additionally, Seller is just starting to add his niche service to all Jet Engine repairs shops internationally through a specialized web service. This service has huge upside potential which may be greater than the Major Commercial Airliner.
Seller desires to stay on to assist growth and advise buyer. Seller was undercapitalized when opening this great business. Spent over 1 year on obtaining FAA licensing. Earn out or partnership deal possible. Call for more information.
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