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Tutoring & Drivers Education Driving School

Spring, TX (Harris County)

Tutoring & Drivers Education Driving School
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Asking Price: $415,000

Cash Flow: $100,000

Gross Revenue: $400,000

EBITDA: N/A

FF&E: $5,000

Inventory: $3,000

Rent: $1.70 /Month

Established: 2004

Tutoring & Drivers Education Driving School

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Business Description

2 businesses! Synergistic demand and shared customer base.

Two educational businesses available for acquisition: A well-established (15 years) tutoring business and an independent certified Drivers Ed driving school. These two businesses are synergistic and make a perfect portfolio because they share customer bases and have complementary demand profiles. The tutoring business serves preschool through graduate school students. This customer base provides a cross-selling opportunity for driving age students and a continuous sales funnel as the younger students reach driving age. The complementary demand profile solves the problem of tutoring demand reduction during summer and winter break. Driving school demand remains high year-round and spikes when students are out of school during summer, winter break, and holidays.

Description
70% ownership is available for acquisition, 30% ownership remains with seller will assist with executing growth. The tutoring and test prep business is a top national franchise with two protected territories covering over 15 ZIP Codes in fast-growing and affluent Houston suburbs. This business has been an active member of the community for over 15 years. The revenue range for the past three years has been $300K-$400k. The population within the protected territories continues to grow as multiple businesses open new complexes in the area and new neighborhoods are developed. Growth opportunities have been identified and planned but the passive owner’s other time commitments have prevented executing them. Growth opportunities for an active owner operator include marketing and growing online tutoring, increased presence at local schools, and offering group classes for ACT/SAT/study skills. Competition can be expected in this industry but this 15-year-old business maintains competitive advantages including having top tutors who are certified teachers with excellent experience, five-star online reviews, relationships with local schools, and offering in-home tutoring to accommodate today’s family’s busy schedules.

70% ownership of the driving school is available for acquisition. Current passive owner has a vision to expand business into a national $10M+ business and will retain 30% ownership and assist in achieving this growth. The recently founded Independent driving school has no geographic restrictions offering unlimited growth potential to first grow in Houston then franchise the business to grow nationally. Current certification is for the state of Texas. The driving school currently offers behind the wheel lessons and online drivers education with planned growth into offering group classes and the driving tests for the Texas State Driver’s License exam. Driving school demand is very strong and this business benefits from regulatory approval barriers to entry reducing new competition. This new business is proven and growing with minimal advertisement. The attention of an active owner operator offers significant growth potential.

Detailed Information

Location:
Spring, TX
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
600
Lease Expiration:
8/31/2019
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Growth & Expansion:
Tutoring Business growth opportunities: marketing and growing online tutoring, increased presence at local schools, and offering group classes for ACT/SAT/study skills. Driving school growth opportunities: Independent business has no geographic restrictions offering unlimited growth potential to first grow in Houston then franchise the business to grow nationally.
Reason for Selling:
Passive owner no longer has time available.
Franchise:
This business is an established franchise
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Business Listed By:
Not Disclosed

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