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cashflyer cashflyer is offline
Bill is Dead.
 
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Join Date: Jul 2005
Location: Alaska.
Posts: 9,633
Unfortunately, we signed an NDA so I don't think I can/should post up their web link or company name. That would make this a LOT easier.

Air charter operation.
Established in 1999.
They own one King Air A90 and two smaller piston twins.
Located on an international airport in an area with high volume transient/vacationer traffic.
Allegedly debt free, other than the facility lease (which isn't debt, per se)

No contracts. Walk in business only, either by referral, from advertising, or etc.

I have reviewed a sales brochure that outlines the company, and have received some emails from the company manager and sales broker. I have a very basic P&L sheet for the last 5 years.

We are at the point now that to learn more and start due diligence, I need to fly to their location and sit down with the owners. I'm just worried that it's a waste of my time.

My business partner does not have $1.8 liquid to throw at this, but does have some strong ties with financial investors. If it's a good fit, he could move on the purchase. Of course all investors would want to make a profit, so .... there has to be profit.
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Old 07-22-2016, 01:45 PM
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