Highly Profitable Driving School
www.GlobalBX.com
Listing ID:
700365771
Listing Title:
Highly Profitable Driving School
Quick Link:
http://www.globalbx.com/listing.asp?bId=365771
Industry:
Educational
Industry Segment:
Schools
Country:
United States
State / Province:
Connecticut
Area
City:
Asking Price Range:
$250K - $500K
Gross Revenues:
$450,000
Cash Flow:
$160,000
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2006
Number of Employees:
6 - 9
Business Description:
This well-known Driving School Company is located in Connecticut. The firm enjoys significant operating margins and documented profitability. This business currently operates from a 900 sq. ft. leased office space.
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.
The company has been fully reviewed and conservatively appraised by an accredited national valuation firm at 2.9 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 over $110,000 benefit in after-acquisition-debt cash flow in Year #1 --- over 95% return on equity investment.
(ALL DATA BASED ON SIGNED TAX RETURNS)
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