Listing ID: 66842
New regulations are helping this business grow. Call to find out more.
Long-time established driving school
and traffic school provides both in-person and online
programs. Online revenue is expected to increase
exponentially once planned improvements are complete.
This business is already a source of steady revenue with
lots of growth potential. Additional locations, vehicles, and
staffing are the simple ways to grow this business.
The seller is retiring due to health issues, but is willing to share
his strategies and stay involved for as long as the buyer
needs to obtain all licenses and be in a position for
New California legislation is forcing other schools to close
their doors. This is increasing the opportunities for
businesses with physical facilities like this one. This is a
turnkey acquisition that includes all of the equipment
(FF&E + Vehicles), strategy, and support.
The seller has agreed to provide more training than what
is customary. This is a great opportunity for anyone
wanting to run their own business. Information about the
required licenses will be shared by the Broker.
Seller is willing to offer to finance for qualified buyers. This
business qualifies for E2 Visa buyers as well.
- Asking Price: $300,000
- Cash Flow: $143,677
- Gross Revenue: $700,000
- EBITDA: N/A
- FF&E: $46,000
- Inventory: $46,000
- Inventory Included: Yes
- Established: 2008
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,000
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
DMV changes forces some competition out of business
new locations will increase sales
The company was founded in 2008, making the business 14 years old.
The deal shall include inventory valued at $46,000, which is included in the asking price.
The business has 10 employees and resides in a building with disclosed square footage of 3,000 sq ft.
The property is leased by the company for $4,700 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals choose to sell businesses. Nevertheless, the real reason and the one they say to you might be 2 absolutely different things. As an example, they may state "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these factors stand. But, for some, these might simply be justifications to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in revenues, or a variety of various other factors. This is why it is extremely vital that you not depend completely on a vendor's word, but instead, use the seller's solution together with your overall due diligence. This will repaint a much more sensible picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Many operating businesses borrow money so as to cover points such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can imply that revenue margins are too thin. Numerous organisations come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that need to be met or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area draw in brand-new customers? Often times, companies have repeat consumers, which create the core of their everyday earnings. Specific factors such as brand-new competition growing up around the area, roadway building and construction, and employee turn over can impact repeat consumers as well as negatively affect future profits. One essential point to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business often, the higher the chance to build a returning client base. A last thought is the general location demographics. Is the business located in a densely populated city, or is it located on the edge of town? How might the regional typical family income influence future earnings potential?