Driving School With High Profit Margins & Consistent Revenue For Sale

Business description

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 information

Lease terms:

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.

Other information

Expansion potential:

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

Support & training:

Seller will stay on after the sale to provide a smooth transition for up to 6 months and could stay on part time after that for a number of years if desired.

Reasons for selling:

Transition into retirement

Financing available:

50% down payment and seller will finance 50%