Throughout North America, this post high school career path brings
students that are 30% from the Midwest states and 70% from across
the US. They have a location in Nebraska, strategically located on
the I-80 which is the most travelled US interstate for coast-to-coast
hauling. They have both classroom and active driver training using
their 15 Semis. They are also accredited through the DMV as an
official 3rd party CDL testing site with a truck driver. For over 20
years this niche business has been educating students to get their
CDL with driver training classes. The purchase price includes a fleet
of 15 Tractor Trailer Semis, buildout classrooms, a full curriculum,
plus a full class schedule as truck drivers remain in high demand
throughout North America. Additionally, the owner is offering 10%
financing plus a 2-year training period to ensure a smooth and
successful transition. A tangible growth strategy is to add additional
community colleges to their referral partners. After becoming
licensed through their program, a driver can now earn $80,000/year
for only a $4,000 investment into their tuition. In 2019, the Federal
Government mandated that every person applying for a CDL must
complete an approved program through a training school. This
business is an approved school and fits all requirements for this
change. Also, in the state of Nebraska, the Department of Motor
Vehicles no longer offers CDL testing and all testing for CDL
licenses will be done by 3rd party examiners. This business holds
all certifications necessary for this transition as well.
Priced at $2,390,000, a 10% down payment of $239,000 returns
$390,706 in the first year after debt payments. The owner has
offered to carry 15% of the purchase price in order to show their
vested interest in the continued success of the business moving
forward. Many individuals who pursue CDL training may need to
travel to Kearney, Nebraska, to attend the program; by providing onsite accommodations or partnering with local lodging
establishments, they can offer convenience and comfort to out-oftown students. Additionally, having a restaurant space can provide
meals and refreshments during training sessions, further enhancing
the overall experience for students.