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Asking Price:	$970,000 USD USA Dollars
Business for Sale Industry:	Services: Education, Training
Reason for Selling:	Transition into retirement
# of Employees:	9 Full Time, 7 Part Time
Yearly Revenues:	$819,986
Yearly Cash Flow:	$383,992

Business for Sale Overview:

Driving School that has built up a great reputation over decades of teaching teenagers and those new to driving how to drive and get their license. They also provide defensive driving courses for experienced drivers to reduce points and lower insurance rates. They have some contracts with high schools as well as providing private lessons. Owner focuses on managing the business and sales. Despite the economy sales are up 8% this year compared to last year. Gas is small percentage of their expenses so this hasn't effected the increase in revenue more than offsets their higher costs. They have reliable driving instructors that have been with the company for a long time to provide the driving instructions.

Property Features and Assets:

Office with a store front in an excellent location on a busy street that has a classroom for instruction as well as a private office. They could provide a 10-15 year lease of $5,500 per month with an option to buy the property or the property could be purchase in addition to the business at an appraised value. The purchase includes approximately 9 vehicles that are used for instruction.

Market Competition and Expansion:

A new owner could use their excellent reputation to pro-actively approach more high schools and continue to build up their private lessons and defensive driving courses.

Additional Details:

• The property is owned.
• The owner is willing to train/assist the new owner.
• The owner is willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.