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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