MergerPlace

Established Profitable Driving School

New Jersey


  • Asking Price: $299,000
  • Gross Income: $298,693
  • Cash Flow: $56,717
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $261,499
  • Listing ID: #223077
  • Established: 1991
  • Employees: 7 PT

Business Description

This turnkey, profitable and reputable driving school business provides an amazing opportunity for an entrepreneur to contribute to educating students by providing personalized behind- the-wheel driver training for clients of all ages. Located in Central New Jersey the business offers in person registration for student services. Among the services provided include 6 hours of professional one-on-one driving instruction, additional hourly review sessions as well as Road Test services.

For any 16-year-old driver, New Jersey Law mandates completion of a vision exam, written exam, and 6 hours behind the wheel instruction from driving schools to receive their valid driving permit to begin the practice phase of driving. New Jersey driving rules for 16-year-old students changed dramatically over 20 years ago. As a direct result of high schools slashing their budgets and thus eliminating driver education programs statewide, driving schools began to see an immediate increase in their revenue stream.

There is no substitute available for the required behind the wheel instruction therefore this becomes an essential service for 16-year-old students who desire to obtain a driver’s license at age 17. Many referrals come by way of the local high schools with whom the company has had a long-time working relationship with. All the instructors are employees, licensed and are trained by the driving school according to the MVC standards. The owner will assist in training and assisting new owner in certification process.

Along with the great reputation and seasoned instructors there are six well-equipped, MVC approved vehicles included in the sale. Seller is retiring after 20 years of operating the business and will be handing over experienced instructors as well as a proven computerized operating system. The system includes an integrated Microsoft based database of clients as well as a state-of- the-art appointment scheduling program. Seller will stay on to ensure a smooth transition for the new owner.

Great word-of-mouth referrals and reviews have fueled the school's growth year over year. Low risk and both financial and intrinsic rewards make this a great business for any entrepreneur or corporate refugee!

Do not miss out on this must-see opportunity. This will not last.


Business Details

Primary Business Category: Services - Educational
Location: New Jersey

Company Information

Year Established: 1991
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 7 PT

Financial Information

Asking Price: $299,000
Gross Revenue: $298,693
Cash Flow: $56,717
FF&E: $261,499
Seller Financing Available: Yes

Property Information

Facilities:

Professional office space and testing center. Low rent with great landlord and located on a major highway. Perfect!

Growth & expansion opportunities:

The company does not advertise for it's services. With high demand and limited competition...a new owner could focus on local area marketing, search engine optimization and direct marketing to dramatically increase the business. Additional staff and vehicles would also allow for greater volumes of students (currently approx 800 annually). There is current a wait list of over 100 students.

Competition:

There are only two other competitors in the market.

Reason for selling:

Seller is retiring after 20 years of operating the business and will be handing over experienced instructors as well as a proven computerized operating system. Seller will stay on to ensure a smooth transition for the new owner.

Support & Training:

Will train for 2 weeks @ no cost The business offers Driver instruction Road test Support Obtaining permits Written exams Driver eye examinations Owner will assist with state licensing.

Contact Business Seller

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Business Listed By:

Russell Miller

Murphy Business Brokers