Part 135 Air Charter Company with King Air 200

Listing Details:

• Business Category:    Aviation / Charter Tour Airline
• Price:                                     $1,100,000      
• Gross Revenue:              $457,511
• Location:                     Minneapolis, MN /     
                                       Fort Lauderdale, FL
•  Seller Financing:         $110,000
• Reason for Selling:     Retirement
  
  

Business Description

This is a unique opportunity to own a private air charter business offering service in South Florida, the Caribbean, Cuba, the U.S. and Canada. The business has seasonal bases in both Minneapolis, MN and Fort Lauderdale, FL. Passengers  enjoy premier business terminals in both cities where you can park your car and be airborne in minutes.

The plane: The King Air 200, is included in the offered purchase price. From short, unimproved runways to big city airports the King Air 200 represents the perfect balance between speed, luxury, practicality and efficiency.

• Twin Engine Jet Prop
• Completely refurbished interior in 2022
• Maximum range of 1300 Miles
• 9 passenger

Highlights:

• Turnkey
• Part 135, commercial non-scheduled aircraft operation that is transferable
• Profitable and growing
• Desirable lifestyle with the ability to set schedule and travel consistently in places like the Bahamas
• Long tenured Director of Maintenance in place
• Growing demand for unscheduled air charter
• Proven business model

History

The owner and operator founded the company 16 years ago. He originally started by catering to sportsman’s fly-ins to remote U.S. and Canada destinations. The business then moved into the Florida market which was an added lifestyle benefit as the owner headed towards retirement. 

Growth Potential

The business allows the buyer flexibility for desired flight hours and location. The owner averages 200 flight hours per year. The successful buyer will have the ability to fly more than just seasonally if desired. The demand for private unscheduled flights are at an all-time high and the ability to fill 400+ flight hours per year is expected to be easily achievable. South Florida’s market, in particular, is a dynamic market that continues to grow. An example of the growth available can be seen in the company’s most recent month of January 2022 where gross revenue were twice the typical hours that the owner takes on at a significantly higher gross hour rate.

A perfect buyer for this company could include one of the following: A commercial pilot looking to set their own schedule and operate in desirable locations. An existing lodge or outfitting operation looking for a plane that includes a Part 135 and also has the ability to create additional cashflow in the off-season.