CDL Driver Training & DMV 3rd Party Testing

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Asking Price:
$2,900,000

Gross Revenue:
$2,851,864
Cash Flow:
$1,762,784
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$361,732
included in asking price

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Business Description

This business is growing quickly! The owner is adding instructors to keep up with demand!

Located conveniently on I-80, this training school served over 500 students came to this school for training and testing. This school offers CDL classroom and hands-on training as well as refresher courses or testing. They are 3rd party examiners for the State Department of Motor Vehicles, which allows this staff to complete testing on site rather than through a local DMV office.

This school currently utilizes 3 spaces for operations. Two leases have acres of property and standalone buildings, and the third is a leased parking lot for driving. These spaces allow for ample room to grow and to build the student base to increase sales.

The owner currently manages the finances. He is also a certified 3rd party examiner for students’ their final exams. These responsibilities can easily be absorbed by the existing employees.

This CDL training school is at the top of its field. With a national reputation for providing excellent education and well-trained students, this training school is known for its high-quality programming, positive student experiences, and drivers who are sought after by national trucking companies. This company has experienced exceptional growth since its inception in 2011 and is currently pushing capacity. This business is ready for expansion through the addition of trainers to the team and is easily scalable into other markets!

Gross Sales
2018: $2,851,864 Annualized
2017: $1,122,817
Owner Profit/Cash Flow
2018: $1,762,784 Annualized
2017: $516,949

Year Established: 2011
Location: Conveniently located on I-80
Service Area: National students, local operations
Number of Students and Tests 2017: 500+
Reason for Selling: Retirement
Employees: 7 FT (1 office manager, office assistant/media, 5 trainers of which 3 can do 3rd party testing)
Office Hours: 8-5 M-F
Training Hours: 8-5 M-F w/ weekend hours for student convenience
Seller Training Period: 3-6 months
Growth Opportunities: Add trainers to increase capacity, add trucks for training and testing
Owner Responsibilities: Financial oversight, testing (most duties can be absorbed by current staff)

Equipment and Vehicles: $361,732 *amounts may vary
• 12 semi-trucks with trailers
• 4 campers for student housing (add’l revenue)
• Tools and equipment: tires, welders, tools, jacks, repair equipment, impact wrenches
• Classroom furniture, all curriculum, office furniture
Intangible Assets: Outstanding reputation, student references, relationships with trucking companies, curriculum
Secured Students: Booked solid 2-3 months out
A/R: $250,000

About the Business

Year Established:
2011
Number of Employees:
7
Real Estate:
Leased
Facilities:
3 properties on lease: 2 buildings, 3 lots
Growth & Expansion:
• Hire additional CDL trainers to meet student demand and increase student capacity
• Increase refresher course and test-only students
• Purchase additional trucks to increase capacity
• Advertise: The current owner does not advertise
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About the Sale

Reason For Selling:
Retirement
Training/Support:
90-day transition
Seller Financing:
15% Seller Financing: $435,000

Listing Info

ID:
1469591
Ad Detail Views:
1329

Attached Files Attachment Disclaimer

  b. Summary - INS004.docx (36 KB)
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