Help with pricing or thoughts...

[knie0012]

I am looking at buying a share in a local flying club. They have two Bellanca 7GCBC’s, with 150 hp Lycoming engines, and both are going to be newly rebuilt engines. One is "getting broke-in" now, and the other is in the shop in the process of the rebuild.

The buy in price is between 3 and 4000 dollars (pending cost of rebuild) , 70 a month and 25 an hour dry.

I have been told that there are 15 members - of only 3-4 fly regularily, and the others don't have medicals or "intend" on getting back into flying eventually. One is allowed to reserve three 4 hour blocks at one time which is never an issue

Does anybody have any thoughts/suggestions or give me an idea on this being a resonable price? I am located in Anchorage...

Thanks for the help.
Jason

<!-- / message --><!-- controls -->

 

[MikeD]

Suppose if it's not an offer from a Nigerian prince or businessman.....that's a good first step.

 

[killbilly]

If those are actual numbers and the planes are in good shape, that's a pretty good deal. If you want out of the club, will they buy your share back?