Well-Run Denver Area Driver Ed & Testing School

Price: $395,000

Location: Colorado

Industry: 611692

Listing ID: 821749

Listing Description

Positioned to Expand as State Considers Cutting Back Its Testing!

Business Description:

This driver education and testing school serves two high-income suburbs in the larger Denver metro area. It offers Drive Right®classroom training, as well as behind-the-wheel training and drivers skills tests. Its two leased facilities total 3,226 sq. ft. and give them two 500 sq. ft. training classrooms. Their locations feature ample parking for students. The current owners are selling but plans are in the works to continue expanding by offering several new programs as well as more testing if the State of Colorado curtails its testing, as may be planned.

The school employs one owner full-time as well as fifteen others: one full-time manager, the others part-time. Six employees are state-certified driving instructors, three are classroom instructors and seven are examiners, with some employees filling more than one of those roles. Most students are high school age but drive testing and programs like defensive driving serve the general public. The school uses the well-known national Drive Right®textbook and videos with the latest, up-to-date information. The school owns four specially-equipped driver training vehicles and has a new website.

The school is ready to expand again. These owners have tripled annual net sales since they started just a few years ago. Potential new opportunities range from simply offering more drive tests, as Colorado’s DMV ponders leaving this totally to third party vendors, to offering specialty courses in defensive driving, or for seniors, international students and commercial drivers.

Listing Details

Down Payment: $55,000

Total Sales: $540,000

Cash Flow: $160,000

EBITDA: $55,000

FFE: $50,000 (Included in Price)

Reason For Sale:

Seller making life changes.

Training & Support:

Seller will be available to train and assist new owner as needed. There is a full-time office manager employee who is staying.

Operation

Year Established: 2009

Employees: 15

Managers: 1

Summary

Financing/Terms:

Anticipated Seller: $40,000. Anticipated Bank: $300,000. Down Payment: $55,000.
Working Capital Needed: $25,000 Inventory Purchase: Inventory included in price.