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Buying a $1.2M in Revenue Aircraft Service Center in New Jersey? - Acquisitions Anonymous 292

Apr 26, 2024
Guest
Michael Girdley
Guest
Bill D'Alessandro
Guest
Heather Endresen
Michael Girdley, Bill D'Alessandro, and Heather Endresen discuss the potential acquisition of an aircraft service center with $1.2M in revenue. They delve into the intricacies of the aviation industry, including owning small planes, AI's impact on medical papers, and business opportunities for military veterans in aviation.
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ANECDOTE

$500 Hamburger

  • Michael Girdley shares a story about flying with a friend to illustrate the costs of general aviation.
  • They flew to a remote location for lunch, highlighting the "$500 hamburger" phenomenon.
INSIGHT

Plane Prices and Safety

  • The price of general aviation planes varies significantly, from $25,000 to $1.5 million, due to factors like age, condition, and avionics.
  • Safety is paramount in aviation, which impacts maintenance and manufacturing dynamics.
ANECDOTE

Discovery Flight

  • Michael recounts a nerve-wracking discovery flight where the instructor unexpectedly cut the engine mid-flight.
  • This experience solidified his decision against pursuing a private pilot's license.
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