Asking Price: $119,000 Gross Revenue: $189,720Cash Flow: $76,556 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $1,500 included in asking priceFF&E: $13,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This driving school has been serving the beach for over a decade. The owner started his career a physical education teacher and later transitioned into entrepreneurship capitalizing on his education and certification as a driving instructor. What began as a small owner/operator service business has blossomed into a multi-vehicle operation that offers classroom and behind the wheel instruction to people of all ages looking to get suffice the states driver’s license requirements. In the recent few years, the owner has stepped into a more managerial focused role that allows him to do less instruction and more oversight. He currently works an average of four hours per day. His desire to relocate and start another business in Michigan has lead him to offer his company to buyers looking for a stable, low maintenance business that is poised for significant growth.
• Small office/classroom combination space
• Prime placement on busy VB artery - 60,000 car/ day traffic count
• Interstate access
• Affordable, transferable lease terms
• 2 built out, branded vehicles
Profitbale Virginia Beach Driving School Acquisition Opportunity!!!
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