$245,000.00
Asking Price
Status: Active
Posting ID: 282647
4/2/24
Description
HIGHLIGHTS:
The business has been established for nearly 40 years and maintains an excellent reputation and high online ratings, which are the key to success for driving schools. Sales and profits have been steady for many years despite the fact the current owner has been mostly absentee. There is a lot of potential for a new owner who is willing to work full-time and grow the business.
PRODUCTS / SERVICES / CUSTOMERS:
Behind-the-wheel Driver Training (97%), Online Drivers Ed (3%), Online Traffic School (< 1% as an affiliate). 80% of customers are teens getting their license for the first time, 20% adults over 18, and some seniors. The primary target market is the peninsula in San Mateo County and the northern part of Santa Clara, County.
MARKETING:
Active marketing includes sponsorships of local high school sports and drama programs, as well as some school newsletters and publications. Paid online marketing includes Google AdWords and a sponsored Yelp listing.
COMPETITIVE ADVANTAGE:
The business is successful based on its nearly 40 years of goodwill built up in the community with its stellar reputation as a safe and professional place to learn to drive. Most of their business comes from word of mouth, or the fact that parents who now have kids, learned themselves at this school.
POTENTIAL:
The business's revenue is based on the number of instructors available to teach lessons. There is enough market demand to hire at least 2 more Instructors, especially with weekend availability. There is also a great opportunity to grow the business through actively contacting more schools for sponsorship programs. Many high schools in the target market area have not been contacted.
SELLER'S ROLE IN OPERATION:
The current owner has another business and only works just 5 hours at this business. He mostly supports the existing staff: dealing with car mechanical and maintenance, as well as doing payroll every 2 weeks and cashing checks once a week.
RECOMMENDED BUYER SKILLS:
No prior experience is required. However, it is helpful to have good people and problem-solving skills, the ability to manage a small number of employees, and some basic marketing skills to continue to grow the business.
To get more information about this Driving School - Established Nearly 40 Years business for sale in San Mateo County please phone Todd Moore (Broker - BRE License #:01183017) at 650-996-4520 Cell - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #282647 on BizBen.com. In addition to phoning Todd Moore, make sure you email Todd Moore above to get more info about this Driving School - Established Nearly 40 Years, to ask any questions or request an appointment to see this business for sale. Thank you. Premier Business Opportunities.
Contact
Details
Asking Price: $245,000.00
Down: $75,000.00
Cash Flow: $112,436.00
Revenue: $322,932.00
Area: San Mateo County
City: None Given
Attributes:
My Notes About This Listing
Cash flow
N/A
Revenue
N/A
Down
N/A
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Net Worth
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Revenue
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Cash flow
$74,842
Revenue
$142,544
Down
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Cash flow
$350,574
Revenue
$3,578,262
Down
$200,000
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Cash flow
$24,090
Revenue
$346,943
Down
$149,000
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Cash flow
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Revenue
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Down
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Cash flow
$46,623
Revenue
$381,554
Down
$35,000
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Cash flow
$200,524
Revenue
$1,314,394
Down
$285,000
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Cash flow
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Revenue
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Down
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Asking Price
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Cash flow
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Revenue
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Down
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Asking Price
$125,000
Cash flow
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Revenue
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Down
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Asking Price
$511,450
Cash flow
N/A
Revenue
N/A
Down
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$399,999
Cash flow
$400,000
Revenue
$1,100,000
Down
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Asking Price
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Cash flow
Call/Email
Revenue
$4,500,000
Down
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Asking Price
$825,000
Total Investment
$200,000
Min Liquid Cash
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Net Worth
N/A
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Franchise Fee
Call/Email
Cash flow
N/A
Revenue
N/A
Down
$139,000
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Revenue
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Down
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Bldg Size
6,632 Sq.Ft
Space Being Rented
Call / Email
Year Built
Call / Email
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Lease Amount
$19,105
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