MergerPlace

Established, Profitable Seattle Driving

Washington (King)


  • Asking Price: $449,000
  • Gross Income: $504,651
  • Cash Flow: $162,047
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $45,000
  • Listing ID: #225290
  • Established: 2014
  • Employees: 4 FT / 4 PT

Business Description

Well located Profitable Driving School and License Testing Center includes three driving vehicles. Double-digit growth in a highly desired affluent market area with 5 high schools. Fun and engaging reputation results in booking full classes on a regular basis. Offers in-class and in-the-field driving instruction plus state written and driving exam administration Established, Profitable, Turn-key. The driving school has 5 certified instructors and 2 are qualified to provide services in Spanish. Great opportunity to take over established and successful business. It can be Absentee Owner or Owner Operator. Driving schools have proven recession proof and this business has grown even in the COVID environment. Driving schools are lumped in with higher education and professional learning and given approval to continue to operate as long as they adhere to all safety protocols.


Business Details

Primary Business Category: Services - Educational
Location: Washington
County: King

Company Information

Year Established: 2014
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4 FT / 4 PT

Financial Information

Asking Price: $449,000
Gross Revenue: $504,651
Cash Flow: $162,047
FF&E: $45,000
Seller Financing Available: No

Property Information

Facilities:

Favorable lease in a building with good visibility on a busy street with ample parking and easy access.

Growth & expansion opportunities:

Poised for 30% student growth in 2021. Increased marketing efforts will bring in future growth opportunities.

Competition:

Just about every individual in this country needs driving education at one point or another in their lives. Demand is high as states continue to require teens to take driver's education programs. This company has an upbeat and friendly reputation that is chosen over the competitors.

Reason for selling:

The Seller has moved out of state.

Support & Training:

Will train for 2 weeks @ no cost Classroom and behind the wheel services are offered to both youth and adult drivers. Comprehensive curriculum and training. Teen Drivers packages make up 70% of sales. Written and Driving exams about 20%.

Contact Business Seller

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Business Listed By:

Judy Elrod

Murphy Business Brokers