Avionics News October 2022 - 17

of businesses during my research, at the end of this
article, I have identified three companies that specialize
in supporting the purchase, sale, and transfer of repair
stations and other air agency certificates. AEA members
are encouraged to contact them for assistance.
It also is important to understand that you cannot
sell, nor can you buy an FAA repair station; you may,
however, buy the assets of the repair station and then
" apply " to amend or transfer the certificate. Having said
that, it's a regulatory nuance; most people would simply
say they are buying or selling a repair station.
§ 145.5 7 Amendment to or transfer of certificate.
(b) If the holder of a repair station certificate
sells or transfers its assets and the new owner
chooses to operate as a repair station, the
new owner must apply for an amended or new
certificate in accordance with § 145.51.
Let's begin by looking at the assets of the repair station.
Real estate
Do you own or lease your facility? Do you intend to
sell the property or transfer your lease for the facility
as part of the sale? If the answer is yes, you would
research comparable properties on your airport or in
your area, if off-airport, and establish your real estate
" value. " As I was researching for this article, one
business owner suggested that if someone selling their
repair station owned their property outright, they might
consider " leasing " their hangar or shops and retain their
commercial property with monthly rent/lease revenue.
Equipment
Valuing tools, tooling and test equipment is always a
challenge. Generally, they are worth what they would
sell for on the used equipment market. For the avionics
industry, you can review similar equipment listed on the
AEA EEDirect marketplace. In addition, the AEA has a
number of equipment dealers who offer used equipment
and could provide appraisals of a repair station's used
tools, tooling and test equipment.
Inventory
Make sure you are accounting for new and used
equipment. Valuing new equipment is straight-forward:
most original equipment manufacturers have their
pricing. With today's challenged supply chain issues,
there might be a premium for some of this equipment.
When considering used equipment, are they serviceable
or just cores? Again, value each piece to comparable
equipment on EEDirect. And don't forget to inventory
and value all the standard parts and hardware.
Outstanding contracts
While most of the services that repair stations
provide tend to be " on-demand " work, some repair
stations have significant backlogs of work, and in some
cases, long-term maintenance contracts. Don't forget to
value your contracts.
Continued on following page
AVIONICS NEWS * OCTOBER 2022
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Avionics News October 2022

Table of Contents for the Digital Edition of Avionics News October 2022

Avionics News October 2022 - Intro
Avionics News October 2022 - Cover1
Avionics News October 2022 - Cover2
Avionics News October 2022 - 1
Avionics News October 2022 - 2
Avionics News October 2022 - 3
Avionics News October 2022 - 4
Avionics News October 2022 - 5
Avionics News October 2022 - 6
Avionics News October 2022 - 7
Avionics News October 2022 - 8
Avionics News October 2022 - 9
Avionics News October 2022 - 10
Avionics News October 2022 - 11
Avionics News October 2022 - 12
Avionics News October 2022 - 13
Avionics News October 2022 - 14
Avionics News October 2022 - 15
Avionics News October 2022 - 16
Avionics News October 2022 - 17
Avionics News October 2022 - 18
Avionics News October 2022 - 19
Avionics News October 2022 - 20
Avionics News October 2022 - 21
Avionics News October 2022 - 22
Avionics News October 2022 - 23
Avionics News October 2022 - 24
Avionics News October 2022 - 25
Avionics News October 2022 - 26
Avionics News October 2022 - 27
Avionics News October 2022 - 28
Avionics News October 2022 - 29
Avionics News October 2022 - 30
Avionics News October 2022 - 31
Avionics News October 2022 - 32
Avionics News October 2022 - 33
Avionics News October 2022 - 34
Avionics News October 2022 - 35
Avionics News October 2022 - 36
Avionics News October 2022 - 37
Avionics News October 2022 - 38
Avionics News October 2022 - 39
Avionics News October 2022 - 40
Avionics News October 2022 - 41
Avionics News October 2022 - 42
Avionics News October 2022 - 43
Avionics News October 2022 - 44
Avionics News October 2022 - 45
Avionics News October 2022 - 46
Avionics News October 2022 - 47
Avionics News October 2022 - 48
Avionics News October 2022 - 49
Avionics News October 2022 - 50
Avionics News October 2022 - 51
Avionics News October 2022 - 52
Avionics News October 2022 - 53
Avionics News October 2022 - 54
Avionics News October 2022 - 55
Avionics News October 2022 - 56
Avionics News October 2022 - 57
Avionics News October 2022 - 58
Avionics News October 2022 - 59
Avionics News October 2022 - 60
Avionics News October 2022 - 61
Avionics News October 2022 - 62
Avionics News October 2022 - 63
Avionics News October 2022 - 64
Avionics News October 2022 - 65
Avionics News October 2022 - 66
Avionics News October 2022 - 67
Avionics News October 2022 - 68
Avionics News October 2022 - 69
Avionics News October 2022 - 70
Avionics News October 2022 - 71
Avionics News October 2022 - 72
Avionics News October 2022 - Cover3
Avionics News October 2022 - Cover4
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