Major Mid South Metro Area Tennessee Business for Sale
Avionics Company - FAA Certified |
| Major Mid South Metro Area, Tennessee |
| 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. 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 prices. 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 expediential growth. Not only is this business located at an airport that can accept any size aircraft, but is located within a 500 mile radius of 35% of the U.S. population. The Company mainly services turbo props and jet aircrafts, which include Mitsubishi, all models of Swearniger, Beechcraft, Cessna, Lear and Turbo Commanders. The Company’s sales and service mix is 90% turbine and 10% piston engines. The company has distributorships or dealerships with ten avionics manufacturing companies. 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 year history, the company has always been profitable. For further information contact Mike Togneri 770.487.0986 x. 102 or visit www.vrstaltanta.com. |
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Financials |
| Price: $2,800,000 |
| Gross Income: $3,700,000 |
| Cash Flow: $608,000 |
| FFE: $1,200,000 |
| Inventory: $473,000 |
| Real Estate Value: $0 |
| Source Data: |
About the Business |
| Listing ID: #41412089 |
| Year Established: 1981 |
| Financing: |
| Training: |
| Facilities: 5,000 S.F. Corporate Office (Owned) - 16,000 S.F. Hangar (Leased |
| Competition: No significant competition within 500 miles |
| Growth: This industry is controlled by required FAA regulations. Since 9/11 FAA has required additional avionics systems and annual/semi annual inspections. Industry forecasted to grow 2% annually for the next 10 years. |
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| Business Listed By |
| Name: Michael Togneri |
| Company: Neri Capital Partners |
| Phone: 770-487-0986 |
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| The information in this listing has been provided by the business seller
or representative stated above. The Business Broker Journal has no stake in the sale of this business, has not verified the accuracy, completeness, and assumes no responsibility for this advertisement. Read our Terms and Conditions for more information. |
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