Rare...Driving School with 3 locations available.

Salisbury, MD (Wicomico County)

Seller Financing Available
Multi Location Area's Largest Driving School now available
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Asking Price: $200,000

Cash Flow: $145,234

Gross Revenue: $451,693

EBITDA: N/A

FF&E: $94,625

Inventory: $5,500*

Established: 2008

*not included in asking price.

Rare...Driving School with 3 locations available.

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Business Description

This Driving School, established in 2008, has shown consistent revenue and positive growth. It distinguished itself by being one of only four schools in Maryland to gain approval to offer the "Young Driver Improvement Program" when the program began in 2009. The largest and most reputable driving school on the Eastern Shore of Maryland, it includes all FF&E with 9 vehicles, 3 office locations, and 14 instructors. They are able to serve three counties efficiently and provide their students with the best driver education available. Their focus on teaching students the safest and most current driving techniques has quickly made us the premier driving school on the shore with over 50% market share. Expansion into other areas of the shore and Delaware gives you plenty of room for even more growth potential.

Detailed Information

Inventory:
Not included in asking price
Employees:
14
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The 3 locations are leased and are affordable. See financials for details. This Driving School, established in 2008, has shown consistent revenue and positive growth. It distinguished itself by being one of only four schools in Maryland to gain approval to offer the "Young Driver Improvement Program" when the program began in 2009. The largest and most reputable driving school on the Eastern Shore of Maryland.
Competition:
There are 7 driving schools on the Eastern Shore of Md. 3 of those compete with this school in the areas it operates. This school maintains 50+% of market-share and enjoys a great reputation. The other 2 schools share 50% of the market with one slightly larger.
Growth & Expansion:
It currently enjoys 50% market share, but can capture additional shares through marketing and expansion. The model is established and could easily be replicated in other areas. The acquisition of smaller schools would be an option for growth as would be acting as trainer and coach for large companies in the area with large car "fleets".
Support & Training:
2 weeks
Reason for Selling:
other interests
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(from currently available funds)
 
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Tracy Peterson

Business Listed By:
Tracy Peterson

Transworld Business Advisors of Delmarva

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Sponsoring Broker:
Mike LeCates MBA

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