Owner Profit/Cash Flow
YOY Growth/Sales Trends: 2,247% growth in 4 years
2016-2017: 50% growth in sales
2015-2017: 150% growth in sales
Profit Margin: 42% for 2017
Valuation: 2017 Cash FlowxMultiple=Price
Assets Included in Purchase: $361,732
Equipment and Vehicles: 5 trucks with trailers, 4 campers, tires, welders, tools, jacks, repair equipment, impact wrenches, classroom furniture, all curriculum, office furniture $361,732
Intangible Assets: Outstanding reputation, student references, relationships with trucking companies
Secured Students: Booked solid into March
*amounts may vary
Year Established: 2011
Location and Service Area: National students, local operations
Number of Students and Tests 2017: 500+
Rate per Student: CDL: $2,800, CDL Refresher: $1,000-$1,800, CDL Testing: $350 and under
*Very affordable rates for students
Reason for Selling: Retirement
Employees: 7 FT (1 office manager, office assistant/media, 5 trainers)
Hours: 8-5 M-F, plus frequent weekends
Seller Training Period: 90-day transition
Growth Opportunities: Add trainers to increase capacity, add trucks for training and testing
Owner Responsibilities: Financial oversight, testing
12.5% Buyer Down Payment:$223,375
12.5% Seller Financing:$223,375
75% Bank Loan:$1,340,250
A 12.5% down payment of $223,375 returns $191,758 in the first year after debt payments!
Located in the heartland, this CDL training school is at the top of its field. With a national reputation for providing excellent education and well-trained students, this training school is known for its high-quality programming, positive student experiences, and drivers who are sought after by national trucking companies. This company has experienced exceptional growth since its inception in 2011 and is currently pushing capacity. This business is ready for expansion through the addition of trainers to the team.
Last year, over 500 students came to this school for training and testing. This school offers CDL classroom and hands-on training as well as refresher courses or testing. They are 3rd party examiners for the State Department of Motor Vehicles, which allows this staff to complete testing on site rather than through a local DMV office.
This school currently utilizes 3 spaces for operations. Two leases have acres of property and standalone buildings, and the third is a leased parking lot for driving. These spaces allow for ample room to grow and to build the student base to increase sales.
The owner currently manages the finances. He is also a certified 3rd party examiner and currently spends a great deal of time testing students for their final exams. These responsibilities can be absorbed into the business.