Asking Price: $325,000 Gross Revenue: $525,000Cash Flow: $120,000EBITDA: $55,000Inventory: Not Disclosed included in asking priceFF&E: $50,000 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 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
Number of Employees:
Building Sq. Ft.:
$6,040.00 Per Month
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.
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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