Driver Education School-Recognized & Profitable

Lake County, IL (Relocatable)

Driver Education School-Recognized & Profitable
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Asking Price: Get Financing: $60,000

Cash Flow: $68,237

Gross Revenue: $188,049

EBITDA: N/A

FF&E: $34,000

Inventory: N/A

Lease Rate: $1,694 /SF/Month

Established: 2012

Driver Education School-Recognized & Profitable

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Business Description

Driver Education School-Recognized and Profitable

Recognized and established driving school located in Lake County, Illinois being sold with 3 Kia Soll vehicles with a combined blue book value of $29,000. The business is being sold with all FF&E including a teaching system valued at $4,000 and classroom equipment including desks and televisions. The business currently employs 4 instructors and offers several service packages to students including high school students, adult behind the wheel packages and senior behind the wheel packages for persons aged 55 and above. Hours of operation are Monday thru Thursday 3 to 6 pm and Friday from 1 to 4 pm. This is a great expansion opportunity for an existing driver education firm or for a licensed instructor that wants to be their own boss. Net profit for 2017 was $68,238.

Detailed Information

Real Estate:
Leased
Building SF:
1,100
Lease Expiration:
N/A
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The 3 driver education vehicles are Kia Soll models vintage 2012, 2015 and 2015 that have a combined blue book value of $29,000. Additional FF&E valued at approximately $5,000 is included also including a teaching system complete with instructional movies and classroom equipment including desks, tables, chairs and televisions.The business is located in an 1,100 SF space with the rental rate being $1,694 NNN lease.
Competition:
There is no other driver education school within the community and minimal competition within Lake County.
Growth & Expansion:
This business draws students from several local high schools and surrounding communities and is a perfect expansion opportunity for an existing driver education school. This business is very territorial with minimal competition within this defined area in Lake County.
Support & Training:
Owner will provide support and training for an agreed upon period.
Reason for Selling:
Retirement
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David Burchert, IFA, MBA

Business Listed By:
David Burchert, IFA, MBA

Transworld Business Advisors/North-West-Chicago

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