Business For Sale

Driver Education School-Recognized & Profitable

Not Disclosed, IL
Lake County

Lake County


Asking Price: Annual Revenue:
$60,000 $210,000

Services: Professional


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RE: Driver Education School-Recognized & Profitable Broker: David M Burchert
Owner Financing is Available!
Owner financing may be considered for qualified buyers only.

Quick Facts

Asking Price: $60,000
Annual Revenue: $210,000
Net Profit: $68,238
Cash Flow: $68,238
Total Debt: $17,000
FF&E: $34,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 4
BBN Listing #: 102244552
Broker Reference #: 9101918

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Business Overview:

Recognized and established driving school located in Lake County, Illinois being sold with 3 Kia Soll vehicles with a combined blue book value of $29,000. The business is being sold with all FF&E including a teaching system valued at $4,000 and classroom equipment including desks and televisions. The business currently employs 4 instructors and offers several service packages to students including high school students, adult behind the wheel packages and senior behind the wheel packages for persons aged 55 and above. Hours of operation are Monday thru Thursday 3 to 6 pm and Friday from 1 to 4 pm. This is a great expansion opportunity for an existing driver education firm or for a licensed instructor that wants to be their own boss. Net profit for 2017 was $68,238.

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Property Features and Assets:

The 3 driver education vehicles are Kia Soll models vintage 2012, 2015 and 2015 that have a combined blue book value of $29,000. Additional FF&E valued at approximately $5,000 is included also including a teaching system complete with instructional movies and classroom equipment including desks, tables, chairs and televisions.The business is located in an 1,100 Square Feet space with the rental rate being $1,694 NNN lease.

Market Competition and Expansion:

This business draws students from several local high schools and surrounding communities and is a perfect expansion opportunity for an existing driver education school. This business is very territorial with minimal competition within this defined area in Lake County.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

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