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Well Established Driving School Service Business For Sale

Cambridgeshire, Cambridgeshire, UK
Asking Price:
£99,999
Sales Revenue:
£272,702
Cash Flow:
Available on request

Business
Please quote reference B06376

Hilton Smythe is delighted to welcome to the market on a leasehold basis a well-established and highly regarded driving school and jumping right back into gear after COVID. The business has been under the careful and meticulous ownership of our client since 2012 and has only now decided to introduce the market for sale as they look to take a well-deserved retirement.

The business offers a unique service where learner drivers can book intensive driving courses with the aim of passing in only 5 days. It is the approach to the teaching of both the theory and practical elements of driving that puts the business streets ahead of their competition, resulting in a proven winning formula.

The following would also be included in the sale -

Business website
Workstations
Various teaching equipment
Driving simulator

The business offers full practical and theory tuition with full on-site support at their dedicated training centre, in Cambridgeshire, ensuring the pupils benefit from the best possible learning environment.

The business further benefits from being a member of the buy with confidence scheme operated by Trading Standards who have forensically investigated the marketing methods, terms and conditions and business compliance. They are also members of the Driving Instructors Association (DIA) and have Trainer Booker status with the Driver & Vehicle Standards Agency DVSA allowing them to block book in advance theory tests and receive notification alerts for practical driving tests.

We feel there is scope to increase the turnover by undertaking a robust marketing campaign via local press and social media, along with the further promotion of the dedicated website to help increase the client list. The current owner has also indicated that they would be happy to offer an extended handover/shadowing period for the new owner if required.

Very rarely do such well-established businesses come to the open market on a leasehold basis, therefore early viewings must come highly recommended to avoid disappointment.

Location
The business is located in Cambridgeshire.

The area is well serviced in terms of local amenities and benefits from excellent transport links to all areas of the city.

Premises
The business is located in purpose-built, modern facilities, with office space along with a dedicated classroom/training room, with the business centre offering an all-inclusive rent, including electric, gas, water.

The Classroom gets full small business rate relief but the office is subject to rates of £948.10 per annum.

Tenure
We are advised that the business is being sold on a Leasehold basis, with the current lease on a monthly rolling lease. The rent is £930 per month.

Hours
The business hours are -

Monday – 09:00 – 16:30
Tuesday – 09:00 – 16:30
Wednesday – 09:00 – 16:30
Thursday – 09:00 – 16:30
Friday – 09:00 – 16:30
Saturday - Closed
Sunday - Closed

Staff
Currently run by our client but no qualifications are required to run the business. Also, there is 12 self-employed staff.

Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £270,000. Full financials can be made available upon further request.

Please quote reference B06376

Property Information

Property:

Leasehold

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