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Listed by:

Regal Consulting Corp.

Profitable Student Driving School In Monmouth County For Sale

Monmouth County, New Jersey, US
Asking Price:
$450,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$589,659
Cash Flow:
$190,172

Excellent business opportunity for this fourteen-year-old highly profitable driving school with a dependable gross yearly income of $589,659 and a net yearly income of $190,172 based on an onsite owner operator. Approximately 90% of the service is for younger adolescents obtaining their driving license, and the company offers an easy in-office registration process that eliminates unnecessary trips to NJMVC.

Their philosophy is prevention instead of correction, and the company is focused on giving each and every student a clear and strong driving foundation that will stay with them for life. They will provide a solid foundation of driving skills through their expert instruction for all NJ drivers 16 years old and up. Their lesson plan involves clarity in right-of-way rules, control of the vehicle, road test preparation, transportation to the road test, as well as imparting defensive driving techniques. Each and every student is important and deserves personalized service.

All of the driving instructors are licensed by the State of New Jersey MVC and are subjected to federal background checks. They have handpicked the best instructors the industry has to offer, and all of their employees are courteous, patient, professional, reliable, and friendly. First-time applicants complete all the NJ-MVC state forms at their office, along with a vision screening and written test (if necessary). They submit the application to the state and have the learner's permit processed and ready when they arrive for the first lesson. This will allow the applicant to start the lesson at home, school, or in their hometown to practice driving in the areas with which they are familiar. Choosing a driver education provider for a child is a crucial decision, and this company supplies the highest quality and service available in the industry. This is a dependable business opportunity, and based on the asking price, required down payment, and yearly net income, this business expects to supply a consistent return on investment to the owner and operator prior to debt service.

Property Information

Real Estate:

Lease

Lease Terms:

The sale includes a new commercial business lease, plus additional options, with a reasonable monthly rent
expense of $4,050 and rent security will be required.

Lease Rent:
$48,600 per sq ft per annum
Location:

The business facility which consists of approximately 1,500 square feet is located in a modest commercial
professional office building with an appropriate professional appearance. Due to the nature of the business,
many of the clients do not come into the office but rather arrange the service from the internet or the phone. The
business is located in Freehold, New Jersey on a convenient road and in the county of Monmouth.

Size in square feet:
2,000

Business Operation

Expansion Potential:

The business presently has a very limited marketing budget, basic web site which is not optimized and if
improved can further develop the business income performance.

Competition / Market:

The expense to set up a new driving school will require substantial replacement cost for vehicles and software,
employees, etc. Also, to the best of our knowledge, no other new competitors are expected near to this business and the owner has agreed to supply a long term, non-compete agreement to the purchaser.

Reasons for selling:

seller financing can be considered to a qualified buyer with an appropriate down
payment, collateral, and credit rating.

Trading hours:

The business is active by appointment only for driving instructions, based on a seven-day work schedule, However, the office is active from 9:00 am to 5:00 pm.

Employees:
The company has five employees who are unaware of the pending sale and fully expected to remain Post-closing and the monthly payroll are approximately $9,500.
Years established:
2010

Other Information

Support & training:

The owner will remain post-closing in order to supply an appropriate training & transitional period to the new operator. Also, if required the seller will remain and supply additional training at a fair cost to the purchaser.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
$125,000 - included in the asking price
Inventory / Stock value:
$500 - included in the asking price
Relocatable:
This business can be relocated.