Services - Educational Services

Asking Price	$175,000	Inventory
Gross Income	$344,376	Real Estate
Cash Flow	$31,603	Year Established	2006
FF&E	$75,000*	Employees	13

* included in the asking price

** not included in the asking price

Driving School Franchise. Established 3 years, serving public and private school districts. Main office classroom with satellite locations at several high schools. Professional instructors paid on an hourly basis. Sales revenue steadily increasing each year with average monthly revenue approximately $28,500. There is 3 dual driving instruction vehicles and office equipment. Total value approximately $50,000 at depreciated price included in purchase. This business is currently being operated on a semi-absentee basis and requires a full-time owner-manager effort to be highly profitable. Currently leasing 1,952 sq of office and classroom space in a city retail complex with good access. Rental space has approximately 2 years left at approximately $18/sq ft plus triple net charges per year.

Competition: There are other driving schools in the region. This business could expand by addition of other vehicular driving education programs ie motorcycle.

Growth/Expansion: This business could expand by addition of other vehicular driving education programs. Expansion by marketing to more private and older adults who are seeking first time licensure. Potential to be endorsed by insurance company.

Financing: Terms $85K at closing; Balance $90K - $2K/mo inc. 6% intrst - contact broker

Support/Training: Seller willing to train and assist in transition for a limited period of time from date of closing at no additional cost to buyer

Reason Selling: Seller retiring to pursue other personal and family activities