Well-Run Denver Area Driver Ed & Testing School

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Asking Price:
$325,000

Gross Revenue:
$525,000
Cash Flow:
$120,000
EBITDA:
$55,000
Inventory:
 Not Disclosed
included in asking price

FF&E:
$50,000
included in asking price

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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.

About the Business

Location:
Colorado
Year Established:
2009
Number of Employees:
13
Real Estate:
Leased
Building Sq. Ft.:
3,226
Rent:
$6,040.00 Per Month
Lease Expiration:
9/30/2019
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.
Market Outlook/
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.
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About the Sale

Reason For Selling:
Seller is moving out-of-state for health reasons.
Training/Support:
Seller will be available to train and assist new owner as needed. There is a full-time office manager employee who is staying.
Seller Financing:
$50,000, 5 yrs., 6%

Listing Info

ID:
1540497
Ad Detail Views:
1024

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Business Listed by

Scott Perry

Colorado Business Brokers
License# FA.100077284

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Sponsoring Broker:

Glen Cooper
Colorado Business Brokers
License# #ER.100036824 Colorado R.E. License


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