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 Post subject: FS: Part 61 Flight School located @ KHDC - SOLD
PostPosted: 28 May 2023, 12:34 
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Joined: 06/12/11
Posts: 309
Post Likes: +55
Company: Fly By Knight, Inc.
Location: KHDC, Hammond LA.
Aircraft: H35, B58, PA28, PA34
SWMBO & I have decided it's time for us to exit the flight school business. Sharon recently hired on with NJ as an FO flying the CE700 and loves it, I'd like to have time to help out at a local animal shelter & start learning to sail & buy a boat so that we can head off to the islands in 5 years.

Sharon started the business 20 years ago with a single Piper Warrior, we're now at 6 Warriors (76 – 04) & 2 Seneca IIs all of which are included in the sale. We started to offer outside maintenance services in 2008 when I got my A&P but shut that down 2018/2019 as I was stretched too thin due to other commitments.

Also included:
1984 B58 – we had this on our 135 cert but that part of the business never took off so we turned it in.
1957 H35 project
1500 Gallon AvGas truck
60x80 Hangar & 60x80 Office space leased until Feb 2069
Clark DT25 diesel tug
Lektro AP8350
Engine / avionics & airframe spare parts
Tools.

Price $1,000,000 for the S-corp & assets.


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Last edited on 09 Nov 2023, 08:22, edited 1 time in total.

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 Post subject: Re: FS: Part 61 Flight School located @ KHDC
PostPosted: 29 May 2023, 00:57 
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Joined: 12/09/07
Posts: 16989
Post Likes: +12387
Location: Cascade, ID (U70)
Aircraft: C182
Steve, Good luck with the sale and whatever comes next. Tell Sharon hello, Please.

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 Post subject: Re: FS: Part 61 Flight School located @ KHDC
PostPosted: 29 May 2023, 09:05 
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Joined: 06/12/11
Posts: 309
Post Likes: +55
Company: Fly By Knight, Inc.
Location: KHDC, Hammond LA.
Aircraft: H35, B58, PA28, PA34
Thanks Tom, she says 'Hi'.


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 Post subject: Re: FS: Part 61 Flight School located @ KHDC
PostPosted: 31 May 2023, 11:36 
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Joined: 07/12/09
Posts: 3607
Post Likes: +1180
Company: Leopold Aero, LLC
Location: KPTW Heritage Field Pottstown, PA
Aircraft: 1978 Baron E55
How much is the monthly rent to the airport?

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KPTW '78 E55


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 Post subject: Re: FS: Part 61 Flight School located @ KHDC
PostPosted: 31 May 2023, 12:17 
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Joined: 06/12/11
Posts: 309
Post Likes: +55
Company: Fly By Knight, Inc.
Location: KHDC, Hammond LA.
Aircraft: H35, B58, PA28, PA34
Username Protected wrote:
How much is the monthly rent to the airport?

$1240/mo for the 9600sqft. Originally we leased the 4800sqft hangar that had a 20x40 office on the street side, we built a 60x80 structure over the top of that & built out classroom/office/pilot store/parts room/psi testing/kitchen etc. - the value of those improvements extended the lease. We also have the hangar with the rusted roof to the right that's on a month to month for $460 & 6 tiedown spots @$20/mo ea.


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 Post subject: Re: FS: Part 61 Flight School located @ KHDC
PostPosted: 31 May 2023, 13:12 
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Joined: 11/08/14
Posts: 1091
Post Likes: +1205
Company: OptCulture
Location: KELA Eagle Lake, Tx
Aircraft: Wag Aero Cuby
Best of luck with the sale Steve, thanks again for all your help with everything.

:thumbup:


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 Post subject: Re: FS: Part 61 Flight School located @ KHDC - SOLD
PostPosted: 09 Nov 2023, 08:20 
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Joined: 06/12/11
Posts: 309
Post Likes: +55
Company: Fly By Knight, Inc.
Location: KHDC, Hammond LA.
Aircraft: H35, B58, PA28, PA34
SOLD !! :woot:

Here comes retirement whatever that looks like following a couple of months transition with the new owner.


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 Post subject: Re: FS: Part 61 Flight School located @ KHDC - SOLD
PostPosted: 09 Nov 2023, 12:36 
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Joined: 10/06/17
Posts: 1926
Post Likes: +1481
Company: Roberts Air Services
Location: san diego
Aircraft: G35 / Acroduster
Sweet! I remember when this ad hit and was intrigued by your situation.

Wishing you and yours nothing but the best!!

(time to learn to play that musical instrument, or something like that)
:cheers:

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 Post subject: Re: FS: Part 61 Flight School located @ KHDC - SOLD
PostPosted: 09 Nov 2023, 13:13 
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Joined: 11/08/14
Posts: 1091
Post Likes: +1205
Company: OptCulture
Location: KELA Eagle Lake, Tx
Aircraft: Wag Aero Cuby
Username Protected wrote:
SOLD !! :woot:

Here comes retirement whatever that looks like following a couple of months transition with the new owner.


Congratulations Steve :cheers:

Wishing you and yours the best! :thumbup:


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 Post subject: Re: FS: Part 61 Flight School located @ KHDC - SOLD
PostPosted: 10 Nov 2023, 07:54 
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Joined: 06/12/11
Posts: 309
Post Likes: +55
Company: Fly By Knight, Inc.
Location: KHDC, Hammond LA.
Aircraft: H35, B58, PA28, PA34
Thanks Benji & Robert,

I don't have a musical bone in my body however I did hang onto a couple of projects that should keep me occupied for a while.

Just as an FYI for anyone else looking to sell a business, I had this listed on BT & TAP for a couple of months without any activity. I then as a last resort posted it to our local FB aviation group LaAviator https://www.facebook.com/LaAviator and ended up meeting with 4 serious buyers within a week.


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