Driving School Business For Sale in Connecticut

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Highly Profitable Driving School

Location:Connecticut

Category:Driving School

Asking Price:$ 470,000

  • Sales revenue : $525,000
  • Net profit : $160,000
  • Furniture/Fixtures value : $50,000
  • Inventory/Stock value : Undisclosed
  • Highly Profitable Driving School

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 3.0 x SDCF (2021). 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 $130,000 benefit in after-acquisition-debt cash flow in Year #1 – over 110% return on equity investment.

A comfortable transition period will be provided by the owner who truly wants to see the business continue to flourish. Seller will consider a mid-term consulting agreement thereafter. A qualified team will stay in place and support the new owner in all aspects of the business.

(ALL DATA BASED ON SIGNED TAX RETURNS)

Other Information

  • Years Established: 15+
  • Employees: 7+
  • Reason For Selling: To step back after many years (consulting available)
A Neumann & Associates, Llc
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