Flight School Business Plan, Marketing Plan, How To Guide, and Funding Directory
The Flight School Business Plan and Business Development toolkit features 18 different documents that you can use for capital raising or general business planning purposes. Our product line also features comprehensive information regarding to how to start a Flight School business. All business planning packages come with easy-to-use instructions so that you can reduce the time needed to create a professional business plan and presentation.
Your Business Planning Package will be immediately emailed to you after you make your purchase.
Product Specifications (please see images below):
- Bank/Investor Ready
- Complete Industry Research for the Industry
- 3 Year Excel Financial Model
- Business Plan (26 to 30 pages)
- Marketing Plan (24 to 28 pages)
- 425+ Page Funding Directory
- PowerPoint Presentation
- Loan Amortization and ROI Tools
- Three SWOT Analysis Templates
- How to Start a Business Guide
- Easy to Use Instructions
- All Documents Delivered in Word, Excel, and PowerPoint Format
- Meets SBA Requirements
The economic climate, people are going to want to become pilots for both recreational purposes and commercial purposes. Most flight schools are able to provide services that allow an individual to become certified on most smaller recreational aircraft. There are several flight schools within the United States that allow individuals to become pilots for major commercial airliners, but most individuals have extensive experience in the military or attend an aeronautical university for commercial lesson. The majority of flight schools within the United States focus specifically on providing certification to individuals that want to fly small planes for their own private use.
The startup costs for a new flight school typically are around $150,000 to $1 million depending on the types of simulation equipment that will be used in the classroom and whether or not the business will be acquiring planes in order to train people in real life. The gross margins generated from plates will services typically range around 90% although they may be slightly lower depending on whether or not course materials are sold as part of the overall operations of the business. These companies enjoy extremely high barriers to entry given that there are only a handful of flight schools in any given state. The demand for flights will services does not tend to wane during times of economic recession.
A flight school SWOT analysis is typically produced as well. As a relates to strengths, again – the barriers to entry for these types of businesses is extremely high. The educational requirements and licensing requirements by flight schools make these very difficult businesses to enter. The gross margins generated from providing people with the ability to receive a pilots license is also very high.
For weaknesses, these businesses have a new number of operational complexities that must be addressed on an ongoing basis. Flight schools must maintain appropriate licensure from the Federal Aviation Administration while concurrently servicing a substantial number of financial obligations. As such, it is imperative that the owner find ways to ensure that enrollment is near 100% capacity to all times in order to service these underlying expenses. For opportunities,
For opportunities, these businesses can expand by offering certification on a greater number of disciplines as a relates to flight. These businesses can also receive certification in order to train commercial pilots. Some of these companies will often establish additional locations in order to provide a greater number of services to the general public.
For threats, the way that air travel occurs is always undergoing some level of regulatory change. However, outside of any competitive threats or major economic recessions – most flight schools are able to remain profitable and cash flow positive at all times.
A flight school business plan should be developed and this document needs to include a three year profit and loss statement, cash analysis, balance sheet, breakeven analysis, and business ratios page. The industry research portion of the business plan typically showcases the flight school industry as a whole and this industry has 1,000 companies that provide flight school services to the general public. Each year these businesses generate about $3 billion in revenue and provide jobs to 15,000 people. A demographic analysis showcasing the anticipated characteristics of people that were going to be entering the flight school should be included as well as this will be used as part of the company’s marketing campaign. A competitive analysis is often done although for flight schools there typically only a very limited number of these businesses in any given market.
A flight school marketing plan should be developed in order to ensure that enrollment is kept near 100% capacity. This includes marketing to the general public among aircraft enthusiasts while maintaining strong relationships with high school guidance counselors that will refer for their students to the flight school among those that have an interest in aircraft and helicopters. One of the key ways of ensuring that the business reaches maximum enrollment quickly is by developing these ongoing relationships not only with high schools but also with community colleges as well. Job fairs can also be a very good source of new enrollment among people that want to test the waters with becoming a pilot before they enter and enter into a major university for commercial airline flight.
As with every company these days, an expansive online presence is needed in order to ensure that the business can quickly be found among people have an interest in receiving a pilots license. This website should showcase the aircraft that can be learned at the facility, hours of operation, information about enrollment, and any other piece of information that will assist an individual in deciding whether or not to become enrolled at the flight school. This website should be listed among all major search engines. A presence on social media platforms like FaceBook and Twitter can be a modest boost to the visibility of the flight school although it is not required. Given the highly specialized nature of these businesses, a traditional marketing campaign coupled with a modest online advertising strategy is typically sufficient in keeping enrollment near 100%.
Flight schools are interesting businesses to operate especially among highly trained pilots that want to provide instruction in tutelage to people that want to learn the fly. There’s really nothing about this industry that is going to change anytime soon, and the demand for among people that want to become pilots will remain steady as the economy moves forward. The expected growth rate of the industry is expected to remain in lockstep with the general economic climate.