Driving School In Pierce County For Sale

Business description

Driving School Franchise. Established 3 years, serving public and private school districts. Main office classroom with satellite locations at several high schools. Professional instructors paid on an hourly basis. Sales revenue steadily increasing each year with average monthly revenue approximately $28,500. There is 3 dual driving instruction vehicles and office equipment. Total value approximately $50,000 at depreciated price included in purchase. This business is currently being operated on a semi-absentee basis and requires a full-time owner-manager effort to be highly profitable. Currently leasing 1,952 sq of office and classroom space in a city retail complex with good access. Rental space has approximately 2 years left at approximately $18/sq ft plus triple net charges per year.

Franchise terms

Contact broker for franchise details

Property information

Real Estate:

Lease

Other information

Expansion potential:

Expansion potential to market to more of the private market, older adults seeking driving licenses for the first time. Adding other vehicular driving courses ie motorcycles

Competition / Market:

There are other driving schools in the region

Support & training:

Seller willing to train and assist in transition from date of closing for a limited period of time at no additional cost to buyer

Reasons for selling:

Seller retiring from business to pursue other personal and family activities

Trading hours:

By class schedules Mon -Sat

Financing available:

Terms $85K at time of closing; Balance of $90K payable as follows - $2,000 per month or more at makers option to include 6% annual interest on the declining monthly principal balance until paid in full. Plus an earn out. For additional term conditions contact broker

Furniture / Fixtures value:

$75,000 (included in the asking price)