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Virtual Aerospace are the largest flight simulator experience company in the UK with branches at Shoreham Airport, Sywell Airport and Manchester. Now after 10 years of successful operation the current owner is looking to move to Spain and has decided to sell of each branch as a going concern, thereby turning Virtual Aerospace into a web-based supplier of flight experiences. Currently the only branch for sale is Shoreham with the others to be listed shortly, the company is there for looking for aviation minded, enthusiastic business person looking to acquire a turnkey profitable business without the restrictions of a franchise type arrangement.
The structure of the sale will be conducted on an asset acquisition basis where the new owner will acquire the branch, the flight simulator and all fixtures and fittings as well as the exclusive contract to continue to conduct flight experiences provided by Virtual Aerospace and its partners. In addition, and largely due to the popularity of the branch the new owner will also benefit from 2-3 months of forward bookings giving them a positive and profitable cash flow from day one.
As the company is well established the new owner can be as hands on or off as they wish. They can either act as manager and grow the business locally, or they can undertake training and become a flight instructor themselves. or a combination of both.
Operations, taking bookings and handling sales enquires etc is currently undertaken by Virtual Aerospace. We have provisioned within the financials to include a monthly payment to Virtual Aerospace to continue to provide 7 day per week telephone cover, this is not mandatory as we realise that the new owner will at some point want to bring that service in house.
Marketing, again this is currently undertaken by Virtual Aerospace with the Shoreham branch paying a contribution to the marketing budget, however, again this is not mandatory and can at a suitable time be brought back in house. by the new owner.
Forecast T/O for year ending Jan 2020 is currently around £130 - £140K and we anticipate a net profit of approx. £25k - £35K, however if a new owner decided to instruct in the branch, without undertaking any marketing would allow them to pay themselves between £45 & £50K P.A.
As a pure investor the company represents a steady income and a potential yearly dividend return of 15% - 20% ROI, which is above average.
The branch currently employs 10 to 15 part time, zero-hour contract instructors, with one of the instructors taking a general manager, senior pilot role.
12 months, all inclusive of electricity and rates.
£5,400 per annum
Shoreham Airport, West Sussex
Located in Hanger 4, Lobby leading to double doors. Reception / Briefing Room. Double doors to Simulator Room and adjacement storage and server room. Toilets shared with Helicopter company. Disabled access.
09:30 - 22:00 7 days per week.
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