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Cdl Truck Driver Licensing & Training School In Omaha For Sale

Omaha, Nebraska, US
Asking Price:
$2,450,000 Furniture / Fixtures included
Sales Revenue:
$1,774,457
Cash Flow:
$802,278

For over 20 years this niche business has been educating students
to get their CDL with driver training classes. 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. 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. The purchase
price includes a fleet of 16 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 $2,450,000, a 10% down payment of $245,000 returns
$382,440 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.

Business Operation

Expansion Potential:

Growth Opportunities: Open other locations especially
near more community colleges. Hire former students as
trainers to increase capacity. Incorporating lodging and/or
a restaurant space for students coming from out of town.
Add national marketing.

Reasons for selling:

Planning for retirement

Employees:
3
Years established:
2011

Other Information

Support & training:

1-2 years

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

10% Buyer Down Payment $245,000
15% Seller Financing $367,500
75% Bank Loan $1,837,500

Furniture / Fixtures value:
$381,825 - included in the asking price
Related Documents:
Relocatable:
This business can be relocated.