Flight School Business Plan Template

Written by Dave Lavinsky

Flight School Business Plan Template
Table of Contents
Table of Contents

If you’re looking to create a flight school business plan, you’ve come to the right place!

Over the past 25 years, the PlanPros team has helped over 1 million entrepreneurs and business owners write business plans….and many of them have started and grown successful flight school businesses. Below is an example of a business plan for a flight school business.

Flight School Business Plan Example

Below is our flight school business plan template and sample plan created using what we consider the best ai business plan generator:
 

I. Executive Summary

Company Overview

At AeroWings Flight School, nestled in the vibrant city of Santa Monica, CA, we are on a mission to redefine the landscape of flight education. As a beacon for aspiring aviators, our school emerges to fill a significant gap in high-quality flight training options within the region. Our comprehensive suite of services, including Flight Training, Ground School, Flight Instruction, Aircraft Rental, and Simulator Training, is meticulously designed to cater to a wide array of aviation aspirations. Leveraging the latest educational methodologies and state-of-the-art equipment, we are committed to equipping our students with the knowledge, skills, and confidence required to excel in their aviation careers. Our strategic location not only provides convenience but also enhances the learning experience, preparing our students to achieve their dreams in the vast skies.

Success Factors

Our foundation as a premier flight school is solidified by a unique blend of factors that position us for unparalleled success. With the leadership of our founder, who brings invaluable experience from running a successful flight school, we have a deep-rooted understanding of the nuances in delivering exceptional flight education. Our commitment to surpassing the offerings of our competitors through quality education and comprehensive training programs sets us apart. Since our inception on January 7, 2024, as a Limited Liability Company, we have swiftly achieved critical milestones such as developing our brand identity and securing a prime location for our operations. These accomplishments are testament to our unwavering dedication to becoming the leading flight training destination in Santa Monica, poised for a bright future in shaping the aviators of tomorrow.

Industry Analysis

The Flight School industry in the United States, boasting a market size of over $2 billion, is on a trajectory of steady growth fueled by an upsurge in air travel and an escalating demand for pilots. AeroWings Flight School is strategically positioned to capitalize on this flourishing industry, particularly benefiting from the rising popularity of recreational flying and a heightened emphasis on safety and quality training. These trends not only augment our potential customer base but also align with our mission to offer superior, safety-focused flight training. Our location in Santa Monica, CA, further enables us to tap into the growing market of aviation enthusiasts and aspiring pilots, setting the stage for AeroWings Flight School to emerge as a leader in the flight training industry.

Customer Analysis

AeroWings Flight School targets a diverse clientele ranging from local residents with a burgeoning interest in aviation to professionals in related fields and international students seeking premier aviation education in the US. Our tailored offerings are designed to accommodate the varied needs and schedules of our students, ensuring a flexible, accessible, and comprehensive training experience. By focusing on specialized training for professional applications in addition to foundational flying skills, we cater to a broad spectrum of aviation aspirations, positioning ourselves as a pivotal resource for both recreational and career-focused aviators globally.

Competitive Analysis

AeroWings Flight School faces competition from Pacific Air Flight School, NextGen Flight Academy, and Wings Over LA Aviation, each offering a range of flight training services. Despite the strengths of these competitors, including modern fleets, specialized programs, and flexible training options, AeroWings Flight School distinguishes itself through superior instructional quality, a broader array of training options, and a strategic focus on exceeding industry standards. Our commitment to excellence and personalized student experiences, coupled with our advantageous location and diverse training conditions, firmly establishes us as the preferred choice for aspiring pilots in Santa Monica and beyond.

Marketing Plan

AeroWings Flight School stands as a comprehensive destination for aspiring pilots, offering a broad spectrum of programs from Flight Training to Simulator Training, all priced competitively to ensure accessibility without compromising quality. Our marketing strategy is multifaceted, leveraging online platforms to showcase our offerings and engage with a community of aviation enthusiasts. Through targeted social media content, a robust website, and strategic SEO, we aim to attract students to our Santa Monica location. Supplementing our digital efforts, email marketing, community outreach, and referral programs will enable us to establish a strong local presence and foster a community around AeroWings Flight School, making us the go-to choice for flight education.

Operations Plan

At AeroWings Flight School, our operational blueprint is meticulously crafted to ensure excellence in every aspect of our service delivery. Key operations include rigorous maintenance and safety protocols, dynamic flight scheduling, strategic instructor assignments, and exceptional customer service. Our commitment extends to stringent financial management, regulatory compliance, and proactive marketing to attract new students. With a strategic approach to quality assurance and student progress tracking, we are dedicated to not only meeting but exceeding industry standards. Our roadmap includes significant milestones such as securing our facility, acquiring key certifications, and launching targeted marketing campaigns, all aimed at establishing AeroWings Flight School as a leader in aviation education.

Management Team

Under the visionary leadership of Ivy Thompson, our President, AeroWings Flight School boasts a management team with unparalleled expertise and a proven track record in the aviation education industry. Ivy’s extensive experience in managing a successful flight school equips her with the strategic insight and passion required to steer AeroWings towards becoming a premier institution for flight training. Her commitment to excellence, coupled with a strategic approach to business management and community relations, forms the backbone of our school’s potential for success and innovation in the aviation training sector.

Financial Plan

To achieve our ambitious growth goals, AeroWings Flight School is seeking $1.94 million in funding. This investment will be strategically allocated across both capital and non-capital needs, including facility buildout, equipment purchase, initial operating costs, and marketing initiatives. These funds are critical in laying the foundation for our operations, ensuring that we are equipped to offer high-quality training programs, attract and retain talented staff, and effectively reach potential students. Our financial strategy is designed to position AeroWings Flight School for sustainable growth and success in the competitive flight training market.

Summary

Below is an overview of our expected financial performance over the next five years:

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues $2,967,973 $3,213,811 $3,480,011 $3,768,261 $4,080,387
Direct Expenses $1,222,688 $1,284,978 $1,350,441 $1,419,240 $1,491,544
Gross Profit $1,745,285 $1,928,833 $2,129,569 $2,349,021 $2,588,843
Gross Profit (%) 58.8% 60% 61.2% 62.3% 63.4%
Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $1,648,200 $1,828,802 $2,026,504 $2,242,828 $2,479,428
Depreciation $276,000 $276,000 $276,000 $276,000 $276,000
Amortization $0 $0 $0 $0 $0
Interest Expense $194,000 $194,000 $194,000 $194,000 $194,000
Income Tax Expense $412,370 $475,580 $544,776 $620,489 $703,300
Net Income $765,830 $883,221 $1,011,727 $1,152,338 $1,306,128

 

II. Company Overview

AeroWings Flight School is a premier destination for aspiring pilots and aviation enthusiasts located right in the heart of Santa Monica, CA. As a new flight school in the area, we proudly fill the gap left by the absence of high-quality local flight training options. Our commitment is to provide unparalleled aviation education and training services, catering to a wide range of needs and aspirations within our community.

At AeroWings Flight School, we offer a comprehensive suite of services designed to take our students from ground school through to their first solo flight and beyond. Our offerings include thorough flight training, foundational ground school courses, personalized flight instruction, convenient aircraft rental, and cutting-edge simulator training. Each of these services is crafted to ensure our students not only meet but exceed the rigorous standards expected of pilots in today’s aviation industry.

Located in the vibrant city of Santa Monica, CA, AeroWings Flight School is perfectly positioned to serve our community and its surrounding areas. Our strategic location allows us to offer our students stunning views and a variety of flying conditions, preparing them for whatever their flying futures may hold.

Our confidence in AeroWings Flight School’s success stems from a few key factors. Firstly, our founder brings invaluable experience from successfully running a previous flight school, ensuring we understand the nuances of delivering top-notch flight education. Moreover, our commitment to offering superior flight training and a broader range of services sets us apart from our competitors, positioning us as the go-to flight school in Santa Monica and beyond.

Since our founding on January 7, 2024, as a Limited Liability Company, we have hit several key milestones that underscore our growth and commitment to excellence. We’ve crafted a unique and recognizable logo that symbolizes our brand’s values and aspirations. Our efforts in developing a memorable company name and securing a prime location demonstrate our dedication to creating a solid foundation for our flight school. These accomplishments are just the beginning of our journey towards becoming the leading provider of flight training services in Santa Monica.

 

III. Industry Analysis

The Flight School industry in the United States is a sizable market with an estimated worth of $2 billion. This industry has shown steady growth over the past few years, with an average annual growth rate of 3.5%. The increasing demand for pilots, both commercial and recreational, has been a key driver of this growth.

One of the trends in the Flight School industry that bodes well for AeroWings Flight School is the growing interest in aviation among millennials and Gen Z. This demographic is increasingly looking for unique experiences and hobbies, and flying lessons have become a popular choice. As a new Flight School in Santa Monica, CA, AeroWings is well-positioned to tap into this market segment and attract new customers.

Another trend in the industry is the increasing demand for specialized training programs, such as drone piloting and aerobatics. AeroWings Flight School can capitalize on this trend by offering a wide range of training programs to cater to different customer needs. By staying ahead of industry trends and offering innovative training solutions, AeroWings can position itself as a leader in the Flight School industry.

 

IV. Customer Analysis

Below is a description of our target customers and their core needs.

Target Customers

AeroWings Flight School will target local residents who have shown a growing interest in aviation, either for personal fulfillment or as a potential career path. This segment is composed of individuals who are seeking to learn to fly for the first time, as well as those looking to advance their skills. We will tailor our offerings to meet the varied needs and schedules of this diverse group, ensuring accessibility and flexibility in our training programs.

We will also focus on serving professionals in related industries, such as aerial photography, surveying, and emergency services. These professionals require specialized training that goes beyond basic flying skills, including navigating complex equipment and executing specific flight missions. Our customized training modules will cater to these needs, providing an invaluable resource for professionals looking to expand their capabilities or update their certifications.

In addition to local enthusiasts and professionals, AeroWings Flight School will target international students who are attracted to the high standard of aviation education in the United States. We will offer comprehensive packages that include not just training but also assistance with accommodation and visa processes. This approach is expected to broaden our customer base and reinforce our position in the global market for flight training services.

Customer Needs

AeroWings Flight School fulfills the essential need for high-quality flight training and instruction for aspiring pilots. Residents in the area who have a desire to learn to fly can expect to receive comprehensive training that meets industry standards. This ensures that students not only achieve their personal or professional flying goals but also adhere to the safety protocols necessary in aviation.

In addition to providing top-notch flight education, AeroWings Flight School caters to the convenience and flexibility needs of its customers. The school offers a variety of scheduling options to accommodate the busy lives of its students. Whether they are pursuing flying as a hobby or a career, learners can find a program that fits their timetable, making the pursuit of flying accessible and manageable.

Furthermore, AeroWings Flight School recognizes the importance of having access to modern and well-maintained aircraft as part of the learning experience. Students can expect to train on aircraft that are equipped with the latest technology, which is crucial for both their education and safety. This commitment to quality and safety not only enhances the learning experience but also prepares students for the technological advancements in the aviation industry.

 

V. Competitive Analysis

Direct Competitors

Pacific Air Flight School

Pacific Air Flight School offers a comprehensive range of flight training programs, from private pilot certificates to commercial and instructor certifications. They cater to a diverse clientele, including aspiring career pilots and hobbyists looking for recreational flying lessons. The school is based in the greater Los Angeles area, providing convenient access for students across Southern California.

Their price points vary widely depending on the certification level, with introductory flights starting at a lower cost to attract new students. Pacific Air Flight School reports moderate annual revenues, indicative of a steady stream of students and a solid reputation in the flight training community. They serve a broad geographic area, focusing primarily on the Southern California region.

Key strengths of Pacific Air Flight School include a diverse fleet of well-maintained aircraft and a team of experienced instructors. However, a potential weakness is their pricing structure, which may be perceived as high compared to smaller, less established schools.

NextGen Flight Academy

NextGen Flight Academy specializes in using advanced technology and simulators to provide flight training. They offer a range of services, from basic flight training to more advanced courses focusing on modern avionics. Located near major metropolitan areas in California, NextGen Flight Academy appeals to students who value cutting-edge technology in their training.

Their pricing is competitive, offering packages that bundle flight hours with simulator time. This approach not only makes training more affordable but also more efficient. NextGen Flight Academy enjoys robust revenues, a testament to their innovative training methods and successful marketing strategies.

One of the academy’s strengths is its emphasis on technology and innovation, which attracts a tech-savvy customer segment. A potential weakness is the reliance on technology, which may not fully replicate the unpredictable nature of actual flying conditions.

Wings Over LA Aviation

Wings Over LA Aviation focuses on personalized flight training, offering one-on-one instruction tailored to individual student needs. They provide a range of flight training services, from private pilot certification to instrument and multi-engine ratings. Wings Over LA Aviation operates primarily in the Los Angeles area, targeting students who seek a more personalized training experience.

Their pricing reflects the bespoke nature of their services, with higher costs associated with the personalized attention and flexible scheduling. Despite the premium pricing, Wings Over LA Aviation maintains a loyal customer base, contributing to steady revenues. They serve mainly the Los Angeles metropolitan area, leveraging their location to attract students from the densely populated region.

A key strength of Wings Over LA Aviation is the quality of instruction and customized training plans. However, their premium pricing and focus on one-on-one training might limit their appeal to a wider audience, potentially seen as a weakness.

Competitive Advantages

At AeroWings Flight School, we pride ourselves on offering superior flight training compared to our competitors. Our commitment to excellence is evident in the comprehensive curriculum and state-of-the-art simulation technology we employ, ensuring that our students receive the most advanced and effective training available. This dedication to quality training equips our students with the skills and confidence necessary to excel in their aviation careers. Moreover, our instructors are not only highly qualified but also deeply passionate about flying and teaching, which translates into a more engaging and effective learning experience for our students.

In addition to our superior training, we also boast a wider array of flight training services than our competitors. From private pilot certification to advanced instrument ratings, our offerings are designed to cater to a broad spectrum of needs and ambitions within the aviation community. This versatility ensures that whether our students are aspiring to become commercial pilots or simply wish to fly for leisure, we have the programs and expertise to support their goals. Furthermore, our strategic location offers easy access to a variety of airspaces, providing our students with invaluable real-world flying experience across diverse conditions and scenarios. This not only enhances the learning experience but also prepares our students comprehensively for the challenges and opportunities that lie ahead in their aviation journeys.

 

VI. Marketing Plan

Our marketing plan, included below, details our products/services, pricing and promotions plan.

Products, Services & Pricing

AeroWings Flight School offers a comprehensive suite of services designed to meet the needs of aspiring pilots and aviation enthusiasts alike. From beginner to advanced, students can find a program that suits their skill level and aviation goals. The school prides itself on providing high-quality instruction, modern equipment, and a supportive learning environment.

At the core of AeroWings Flight School’s offerings is its Flight Training program. This program is meticulously designed to take students from basic principles to advanced flying techniques, preparing them for various pilot certifications. The average selling price for the Flight Training program depends on the specific course and certification level but generally starts around $10,000. This includes a combination of practical flight hours and necessary ground instruction to meet FAA requirements.

In addition to practical flight training, AeroWings Flight School emphasizes the importance of theoretical knowledge through its Ground School. This service is essential for those preparing for FAA written exams and covers topics such as navigation, weather, regulations, and aircraft systems. Ground School classes are competitively priced, starting at approximately $500, making this foundational knowledge accessible to a broad range of students.

For individualized attention and specific skill development, Flight Instruction is available. This one-on-one training is tailored to the student’s pace and areas of interest, whether they are working towards a private pilot license or seeking to improve specific flying skills. Flight Instruction is billed on an hourly basis, with prices generally around $50 to $70 per hour, not including aircraft rental fees.

AeroWings Flight School understands the need for flexibility and hands-on experience, which is why Aircraft Rental is part of its service lineup. This offering allows students and certified pilots to practice their skills or simply enjoy the freedom of flying. The rental fleet includes a variety of well-maintained aircraft, with prices averaging $100 to $150 per hour, depending on the type of aircraft.

Finally, the school offers Simulator Training, a cost-effective and safe way to hone flying skills and practice emergency procedures. Simulator Training is an excellent option for those looking to augment their in-flight experience or focus on specific scenarios. This service is available for an average price of $60 per hour, providing an accessible alternative to actual flight hours.

Overall, AeroWings Flight School’s diverse range of products and services ensures that students have access to everything they need to succeed in their aviation endeavors. With competitive pricing and a commitment to quality, the school stands as a premier choice for flight education in the region.

Promotions Plan

At AeroWings Flight School, we understand the importance of strategic promotion in attracting and retaining customers. Our promotional methods are designed to engage potential students and create a strong community of aviation enthusiasts. Through a combination of online marketing and other innovative promotional tactics, we aim to establish ourselves as the go-to flight school in Santa Monica, CA.

Online marketing stands at the forefront of our promotional strategy. We will leverage social media platforms to share engaging content, including student success stories, breathtaking aerial footage, and informative posts about aviation. This approach not only showcases the beauty and thrill of flying but also positions us as a source of valuable information for aviation enthusiasts. Our website will serve as a central hub, offering detailed information on our courses, instructors, and the unique benefits of choosing AeroWings Flight School. SEO strategies will ensure that potential customers find us easily when searching for flight training options in Santa Monica, CA.

Email marketing campaigns will complement our online presence, keeping subscribers informed about upcoming events, promotions, and new offerings. These personalized communications will help us build lasting relationships with our audience, encouraging them to embark on their flight training journey with us.

In addition to online marketing, we will engage in community outreach by participating in local events and offering workshops and seminars on aviation. These initiatives will not only increase our visibility but also allow us to directly connect with the community and spark interest in aviation among individuals who may not have considered it otherwise.

Referral programs will further our promotional efforts by rewarding students and alumni for introducing new clients to our flight school. This word-of-mouth marketing is invaluable, as personal recommendations carry significant weight in decision-making processes.

Finally, strategic partnerships with local businesses and aviation clubs will expand our reach and enhance our credibility. These collaborations will provide mutual benefits, allowing us to offer exclusive deals and promotions while gaining access to a wider audience.

Through these comprehensive promotional methods, AeroWings Flight School will attract a diverse group of students eager to learn and experience the joy of flying. Our commitment to excellence in both training and customer service, combined with our strategic promotional efforts, will ensure our position as a leader in aviation education in Santa Monica, CA.

 

VII. Operations Plan

Our Operations Plan details:

  1. The key day-to-day processes that our business performs to serve our customers
  2. The key business milestones that our company expects to accomplish as we grow

 

Key Operational Processes

To ensure the success of AeroWings Flight School, there are several key day-to-day operational processes that we will perform.

  • Maintain and check aircraft for safety and compliance with Federal Aviation Administration (FAA) regulations before each flight to ensure that all aircraft are in perfect condition for training sessions.
  • Schedule and confirm flight training sessions with students to maximize the use of aircraft and instructors’ time, ensuring a smooth operation and high levels of customer satisfaction.
  • Conduct pre-flight briefings for students to review flight plans, weather conditions, and safety procedures, fostering a culture of safety and preparedness.
  • Process customer payments and manage financial transactions accurately to ensure a smooth billing process and maintain financial health.
  • Track and record student progress in their respective training programs to provide personalized feedback and adjustments to their training plans.
  • Manage fuel supplies efficiently to ensure that all aircraft have sufficient fuel for planned flights, avoiding delays and maintaining operational efficiency.
  • Invest in continuous training and development programs for flight instructors to maintain high teaching standards and stay updated with the latest aviation practices and technologies.
  • Engage in customer service activities by responding promptly to inquiries, resolving any issues, and gathering feedback to improve services and customer satisfaction.
  • Implement marketing and promotional strategies to attract new students and retain existing ones, including managing social media platforms and attending aviation events.
  • Maintain a clean and organized environment at the flight school facilities to ensure a pleasant and professional atmosphere for both students and staff.
  • Regularly review and update operational policies and procedures to comply with industry regulations and best practices, ensuring a legal and efficient operation.
  • Monitor and manage inventory of training materials, office supplies, and flight school merchandise to ensure availability and control costs.

Milestones

AeroWings Flight School expects to complete the following milestones in the coming months in order to ensure its success:

  • Securing a Suitable Location:** Identify and lease a conveniently located facility at Santa Monica Airport or nearby, that can accommodate classrooms for ground school, office space, and easy access to aircraft hangars.
  • Aircraft Acquisition or Leasing: Finalize the acquisition or leasing of a fleet of reliable, well-maintained aircraft suitable for training purposes, ensuring compliance with FAA regulations and suitability for the training programs offered.
  • FAA Certification: Successfully complete the process of becoming a Federal Aviation Administration (FAA) certified flight school, which includes submitting all necessary documentation, meeting safety and curriculum standards, and passing any required inspections.
  • Hiring Qualified Instructors: Recruit and hire a team of experienced, FAA-certified flight instructors who are committed to providing high-quality, safety-first flight training to students.
  • Developing and Launching Training Programs: Design comprehensive flight training programs that cater to a range of student needs, from beginners to those seeking advanced certifications. This includes creating syllabi, lesson plans, and integrating flight simulation technology where applicable.
  • Launch Our Flight School: Officially open AeroWings Flight School for business, which involves initiating marketing efforts, hosting an opening event to generate local interest, and beginning to enroll students into our training programs.
  • Establishing Partnerships: Form strategic partnerships with local colleges, aviation clubs, and industry bodies to create pathways for student recruitment, internships, and job placement opportunities post-certification.
  • Implementing a Marketing Strategy: Develop and execute a robust marketing strategy that leverages social media, local advertising, and aviation networks to increase visibility and attract students.
  • Achieving Operational Excellence: Streamline operations to ensure high-quality training, excellent customer service, and efficient use of resources. This includes implementing a student management system to track progress, feedback, and financials.
  • Get to $15,000/month in Revenue: Reach a consistent monthly revenue target of $15,000 through student enrollment in various training programs, which will be indicative of the flight school’s growing reputation and operational success.

 

VIII. Management Team

Our management team has the experience and expertise to successfully execute on our business plan.

Management Team Members

AeroWings Flight School management team, which includes the following members, has the experience and expertise to successfully execute on our business plan:

Ivy Thompson, President

Bringing a rich history of leadership and achievement to AeroWings Flight School, Ivy Thompson has already proven her mettle in the aviation education sector through the successful management of a previous flight school. Her experience not only encompasses the operational aspects of running an educational institution but also extends to strategic planning, marketing, and financial management, all critical areas for the sustained success of AeroWings. Ivy’s vision for the school is backed by her hands-on approach and a deep understanding of the aviation industry’s nuances, making her an invaluable asset to the team and a guiding force towards achieving excellence in aviation training.

 

IX. Financial Plan

Summary

Below is an overview of our expected financial performance over the next five years:

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues $2,967,973 $3,213,811 $3,480,011 $3,768,261 $4,080,387
Direct Expenses $1,222,688 $1,284,978 $1,350,441 $1,419,240 $1,491,544
Gross Profit $1,745,285 $1,928,833 $2,129,569 $2,349,021 $2,588,843
Gross Profit (%) 58.8% 60% 61.2% 62.3% 63.4%
Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $1,648,200 $1,828,802 $2,026,504 $2,242,828 $2,479,428
Depreciation $276,000 $276,000 $276,000 $276,000 $276,000
Amortization $0 $0 $0 $0 $0
Interest Expense $194,000 $194,000 $194,000 $194,000 $194,000
Income Tax Expense $412,370 $475,580 $544,776 $620,489 $703,300
Net Income $765,830 $883,221 $1,011,727 $1,152,338 $1,306,128

Funding Requirements/Use of Funds

To accomplish our growth goals, AeroWings Flight School needs $1.94 million in funding. Key uses of this funding will be as follows:

Capital Investments
Location Buildout $400,000
Furniture $50,000
Equipment $600,000
Machines $300,000
Computers $30,000
Non Capital Investments
Working Capital $200,000
Initial Rent/Lease $100,000
Staff Salaries (First 3 months) $150,000
Initial Marketing and Advertising $60,000
Supplies $20,000
Insurance $30,000

Financial Projections

financial-projection-flight-school-business-plan

5 Year Annual Income Statement

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues
Revenues $2,967,973 $3,213,811 $3,480,011 $3,768,261 $4,080,387
Total Revenues $2,967,973 $3,213,811 $3,480,011 $3,768,261 $4,080,387
Direct Costs
Direct Costs $1,222,688 $1,284,978 $1,350,441 $1,419,240 $1,491,544
Total Direct Costs $1,222,688 $1,284,978 $1,350,441 $1,419,240 $1,491,544
GROSS PROFIT $1,745,285 $1,928,833 $2,129,569 $2,349,021 $2,588,843
GROSS PROFIT % 58.8% 60% 61.2% 62.3% 63.4%
Other Expenses
Salaries $72,814 $75,023 $77,299 $79,644 $82,060
Marketing Expenses $6,067 $6,251 $6,441 $6,637 $6,838
Rent/Utility Expenses $6,067 $6,251 $6,441 $6,637 $6,838
Other Expenses $12,135 $12,503 $12,883 $13,274 $13,676
Total Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $1,648,200 $1,828,802 $2,026,504 $2,242,828 $2,479,428
Depreciation $276,000 $276,000 $276,000 $276,000 $276,000
Amortization $0 $0 $0 $0 $0
EBIT $1,372,200 $1,552,802 $1,750,504 $1,966,828 $2,203,428
Interest Expense $194,000 $194,000 $194,000 $194,000 $194,000
PRETAX INCOME $1,178,200 $1,358,802 $1,556,504 $1,772,828 $2,009,428
Net Operating Loss $0 $0 $0 $0 $0
Use of Net Operating Loss $0 $0 $0 $0 $0
Taxable Income $1,178,200 $1,358,802 $1,556,504 $1,772,828 $2,009,428
Income Tax Expense $412,370 $475,580 $544,776 $620,489 $703,300
NET INCOME $765,830 $883,221 $1,011,727 $1,152,338 $1,306,128
Net Profit Margin (%) 25.8% 27.5% 29.1% 30.6% 32%

5 Year Annual Balance Sheet

FY 1 FY 2 FY 3 FY 4 FY 5
ASSETS
Cash $1,459,048 $2,602,704 $3,873,395 $5,290,215 $4,912,627
Other Current Assets $254,760 $275,861 $298,711 $314,021 $340,032
Total Current Assets $1,713,808 $2,878,566 $4,172,106 $5,604,237 $5,252,659
Intangible Assets $0 $0 $0 $0 $0
Acc Amortization $0 $0 $0 $0 $0
Net Intangibles $0 $0 $0 $0 $0
Fixed Assets $1,380,000 $1,380,000 $1,380,000 $1,380,000 $1,380,000
Accum Depreciation $276,000 $552,000 $828,000 $1,104,000 $1,380,000
Net fixed assets $1,104,000 $828,000 $552,000 $276,000 $0
Preliminary Exp $0 $0 $0 $0 $0
TOTAL ASSETS $2,817,808 $3,706,566 $4,724,106 $5,880,237 $5,252,659
LIABILITIES & EQUITY
Current Liabilities $111,978 $117,514 $123,327 $127,119 $133,413
Debt outstanding $1,940,000 $1,940,000 $1,940,000 $1,940,000 $0
Total Liabilities $2,051,978 $2,057,514 $2,063,327 $2,067,119 $133,413
Share Capital $0 $0 $0 $0 $0
Retained earnings $765,830 $1,649,051 $2,660,779 $3,813,117 $5,119,246
Total Equity $765,830 $1,649,051 $2,660,779 $3,813,117 $5,119,246
TOTAL LIABILITIES & EQUITY $2,817,808 $3,706,566 $4,724,106 $5,880,237 $5,252,659

5 Year Annual Cash Flow Statement

FY 1 FY 2 FY 3 FY 4 FY 5
CASH FLOW FROM OPERATIONS
Net Income (Loss) $765,830 $883,221 $1,011,727 $1,152,338 $1,306,128
Change in Working Capital ($142,781) ($15,565) ($17,036) ($11,518) ($19,716)
Plus Depreciation $276,000 $276,000 $276,000 $276,000 $276,000
Plus Amortization $0 $0 $0 $0 $0
Net Cash Flow from Operations $899,048 $1,143,655 $1,270,691 $1,416,820 $1,562,412
CASH FLOW FROM INVESTMENTS
Fixed Assets ($1,380,000) $0 $0 $0 $0
Intangible Assets $0 $0 $0 $0 $0
Net Cash Flow from Investments ($1,380,000) $0 $0 $0 $0
CASH FLOW FROM FINANCING
Cash from Equity $0 $0 $0 $0 $0
Cash from Debt financing $1,940,000 $0 $0 $0 ($1,940,000)
Net Cash Flow from Financing $1,940,000 $0 $0 $0 ($1,940,000)
Net Cash Flow $1,459,048 $1,143,655 $1,270,691 $1,416,820 ($377,587)
Cash at Beginning of Period $0 $1,459,048 $2,602,704 $3,873,395 $5,290,215
$1,459,048 $2,602,704 $3,873,395 $5,290,215 $4,912,627

 

What Is a Flight School Business Plan?

A flight school business plan is a document that outlines the strategies you have developed to start and/or grow your flight school business. Among other things, it details information about your industry, customers and competitors to help ensure your company is positioned properly to succeed. Your flight school business plan also assesses how much funding you will need to grow your business and proves, via your financial forecasts, why the business is viable.
 

Why You Need a Business Plan for your Flight School Business

A business plan is required if you are seeking funding for your flight school business. Investors and lenders will review your plan to ensure it meets their criteria before providing you with capital. In addition, a flight school business plan helps you and your team stay focused. It documents the strategies you must follow and gives you financial projections you should strive to achieve and against which you can judge your performance.
 

Flight School Business Plan Template PDF

Download our Flight School Business Plan PDF to help guide you as you create your business plan for your own flight school business.
 

Over the past 25 years, Dave Lavinsky, Founder of PlanPros has helped over 1 million entrepreneurs develop business plans.
Create your professional business plan in just minutes using PlanPros.ai!