Flight Simulator Business

Reference Number: HDA007

Location:

Turnover: £275k

Status: SOLD

Business overview

–      Outstanding opportunity to acquire a profitable and growing flight simulator business in the Home Counties UK.

–      The company has two professional flight simulators and provides time in those simulators with commercially qualified pilots for the experience day/gift and leisure market as well as the commercial training market. It has also developed and runs ‘fear of flying’ courses, corporate days,  group bookings and day courses

–      The business represents an excellent opportunity for growth having already achieved sales of £240k and 28% adjusted EBITDA in only its second year of trading.

–      Sales in 2013 are expected to reach £275k, up 15% with a adjusted EBITDA of 44%

–      The business has established relationships with all the large referral and leisure experience websites as well as a professional pilot training organisation. It also attracts a large percentage of business directly via its own website due to excellent paid and non-paid internet marketing strategy.

–      There are a number of opportunities to grow the business including the possibility to franchise the business across the UK and internationally, retail flight simulator related parts and the business has a commercial arrangement to resell flight simulators for a leading manufacturer – an area not yet developed.

–      Opportunities also exist to grow the professional training market and corporate entertainment business as well as the leisure market which is currently the mainstay of the business.

–      We believe this is an ideal opportunity for an entrepreneurial aviation enthusiast looking to leverage the current success of the brand by adding further national or international branches, act as a highly enjoyable lifestyle business or indeed act as an excellent bolt-on acquisition for a strategic buyer looking to expand their simulator or leisure experience business further.

Employees:

–        2 directors (vendors) + 7 qualified flight instructors (all contractors) + 2 part-time operations assistants.

Premises:

–        The business operates from a leasehold unit with a reception area, administrative office and space for the two simulator units

Reason for sale:

–        The vendors wish to move abroad.

Financial overview

Year ending 31st January

2011-12

2012-13

2013-14
Forecast

Sales revenue

£84,412

£240,665

£275,000

Gross profit

£78,685

£231,833

£261,250

Percentage

93%

96%

95%

Adjusted EBITDA

-£15,878

£66,792

£120,250

Percentage

-19%

28%

44%

The adjusted EBITDA is stated after having paid the replacement cost of the vendors.

The fixed assets include the 2 simulators and office furniture and equipment. To replace the current simulators with a like for like specification would cost approximately £320,000 to £350,000

Asking price: £395,000 for acquisition of company shares – SOLD

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