New Jersey - Howell LISTING #: 17492
Founded in 1963, this long established business specializes in providing driver education lessons such as learner’s permit courses, defensive driving courses and more. This highly profitable business has produced consecutive YOY revenue growth over the past 3 years and continues to thrive in 2017 as a reliable source of strong cash flows.
As teenage drivers are required to have a state licensed driving school purchase their learner’s permit for them and complete behind the wheel instruction, this business model offers a strong foundation of predictable recurring revenues and referral business.
This business can be handled by anyone with general business experience, as the 13 employees manage most of the daily operations and are willing to continue working for the new owner post transition. With over 55 years of consistent cash flows, 3 years of Consecutive YOY Sales Revenue Growth, attractive 49% Net Profit Margins and over $60K+ worth of FF&E included with the sale, this high quality acquisition opportunity offers a very clear path to a generous upside for overall return on investment.
Office: LBB New Jersey
Property Leased: Yes
FF&E Included: $60,000
Real Estate Included: No
Building Size: 750 sq ft
Hours of Operation: Monday - Friday
Reason for Selling: Focus on retirement.