Seller's Contact Information

  • RE:  Highly Profitable Driving School
  • Contact:  Karin Neumann
Owner Financing is Available!
$117,000 Seller financing plus $235,000 Bank financing subject to buyer qualification.

Quick Facts

Asking Price: $470,000
Annual Revenue: $440,000
Net Profit: Not Disclosed
Cash Flow: $155,000
Total Debt: Not Disclosed
FF&E: 50,000
Real Estate: Not Disclosed
Year Established: 2007
Employees: 7
BBN Listing #: 83006267
Broker Reference #: 1492-2074C

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Business Overview:

This well-known Driving School Company is located in Connecticut. The firm enjoys significant operating margins and documented profitability.

The company has been fully reviewed and conservatively appraised by an accredited national valuation firm at 3.1 x SDCF (ttm). A full valuation report is included and there is $50,000 in Fixed Assets included in the deal. The business is pre-qualified by an SBA lender subject to buyer’s financials, and by implementing the proposed deal structure an owner operator will obtain close to $80,000 benefit in after-acquisition-debt cash flow in Year #1 – over 65% return on equity investment.

A comfortable transition period will be provided by the owner who truly wants to see the business continue to flourish. Seller will consider a mid-term consulting agreement thereafter. A qualified team will stay in place and support the new owner in all aspects of the business.

(ALL DATA BASED ON SIGNED TAX RETURNS)

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Property Features and Assets:

This business currently operates from a 900 square feet leased office space.

Market Competition and Expansion:

The company enjoys a competitive advantage by being the oldest and largest driving school in the area, with exceptional attention to customer service and support of the local community. The company is a full-service driving school that offers all state mandated courses, as well as all voluntary instruction (classroom or in-car) for new drivers, whether teenager or adult, and offers quick response to customer inquiries. In addition to driving lessons, the company offers accompanying students to the DMV. It is projected that a new owner will obtain additional growth by reintroducing Spanish speaking classes. Adding additional adult classes and increasing DMV accompaniment are also growth opportunities with a minimal investment.

Reason for Selling:

To step back after many years (consulting available.

Additional Details:

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

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