Driving School

Westminster, CO (Jefferson County)

Driving School

Asking Price:$289,000

Cash Flow:$115,000

Gross Revenue:$325,000

EBITDA:$115,000

FF&E:$30,000

Inventory:N/A

Rate/Sq. Ft.:$16.00

Established:2005

Driving School

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Business Description

This very profitable Driving School is well established with a great reputation and has been operated by the same owners for the past 11 years. It is located in a very busy center with easy access, ample parking and great visibility. They provide the Colorado State approved driving education course that includes, permit test, 30 hours of classroom instruction, 6 hours behind the wheel instruction and drive tests to obtain a Colorado Drivers License. The curriculum is taught by State Certified active and retired law enforcement Police Officers and Firefighters. The assets include two company owned Toyotas that have been modified for driver training. The Seller is willing to carry some of the sale price for a qualified buyer.

Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
1,280
Lease Expiration:
11/30/2018
Employees:
Owners + 10 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This 1,280 square foot leased space works well for the office and classroom space needed to provide the services for the Driving School. The current rent is $2,075.00 per month and includes the common area maintenance. There is plenty of parking and it has great visibility. The lease expires November 30, 2018 with renewal options available.
Competition:
There are other Driving Schools available in the area but this school has built a great reputation and has continued to grow each year by giving outstanding service at a very fair price.
Growth & Expansion:
The business could promote additional services such as more drive tests that could bring addition profit.
Financing:
Seller willing to carry some
Support & Training:
Seller is willing to train the Buyer as needed to assure a smooth transition.
Reason for Selling:
Moving out of State

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Arthur P. Sensenig

Business Listed By:
Arthur P. Sensenig

CBC Realty, LLC

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Memberships & Certifications:
Indicates membership in The Colorado Association of Business Intermediaries (CABI).

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