Well-Run Denver Area Driver Ed & Testing School

CO

Seller Financing Available
Well-Run Denver Area Driver Ed & Testing School
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Asking Price: $325,000

Cash Flow: $120,000

Gross Revenue: $525,000

EBITDA: $55,000

FF&E: $50,000

Inventory: N/A

Rent: $6,040 /Month

Established: 2009

Well-Run Denver Area Driver Ed & Testing School

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Business Description

This driver education and testing school serves two high-income suburbs in the larger Denver metro area. It offers Drive Right® classroom training, as well as behind-the-wheel training and drivers skills tests. Its two leased facilities total 3,226 sq. ft. and give them two spacious training classrooms. Their locations feature ample parking for students. The current owner is selling but plans are in the works to continue expanding by offering several new programs as well as more testing if the State of Colorado curtails its testing, as may be planned.

The school employs one owner full-time as well as twelve others: one full-time manager, the others part-time. Six employees are state-certified driving instructors, three are classroom instructors and six are examiners, with some employees filling more than one of those roles. Most students are high school age but drive testing and programs like defensive driving serve the general public. The school uses the well-known national Drive Right® textbook and videos with the latest, up-to-date information. The school owns four specially-equipped driver training vehicles and has a new website.

The school is ready to expand again. These owners have tripled annual net sales since they started just a few years ago. Potential new opportunities range from simply offering more drive tests, as Colorado’s DMV ponders leaving this totally to third party vendors, to offering specialty courses in defensive driving, or for seniors, international students and commercial drivers.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,226
Lease Expiration:
9/30/2019
Employees:
13
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Spacious and modern facilities. Two locations totaling 3,226 sq. ft. Spacious, modern and fully set-up classroom at each location: 525 sq. ft. in one location and 850 sq. ft. classroom in the other.
Competition:
There is plenty of competition, and always has been. The reputation of this school, however, is outstanding.
Growth & Expansion:
The school has a unique history and is primed for fast future growth. Potential new opportunities range from simply offering more drive tests, as Colorado’s DMV ponders leaving this totally to third party vendors, to offering specialty courses in defensive driving, or for seniors, international students and commercial drivers.
Financing:
$50,000, 5 yrs., 6%
Support & Training:
Seller will be available to train and assist new owner as needed. There is a full-time office manager employee who is staying.
Reason for Selling:
Seller is moving out-of-state for health reasons.
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(from currently available funds)
 
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Scott Perry

Business Listed By:
Scott Perry

Colorado Business Brokers

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Sponsoring Broker:
Glen Cooper

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