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    • Heartland CDL Driver Training School

      Heartland CDL Driver Training School

      Business Type

      Services - Other Travel and Transportation

      Area Central
      County State Nebraska
      Property Status Established Business Asking Price $1,787,000.00
      Down Payment Total Debt
      Gross Sales Total Income
      Total Expenses Terms
      Listing Flyer
      Financial Overview
      List Price:$1,787,000
      Gross Sales 
      2017: $1,126,536
      2016: $747,918
      Owner Profit/Cash Flow
      2017: $476,680
      2016: $213,549
      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
      Multiple:  3.75
      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

      Business Information
      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

      Funding Example
      Purchase Price:$1,787,000
      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.  

      Print Listing
  • Lease / Asset Information
    • Rent Rent Deposits
      Lease Ends
      Accounts Receivable Square Feet
      Inventory Inventory Included No
      Furniture, Fixtures, and Equipment (FF&E) FF&E Included No
      Other Assets Assets Included No
  • General Business Info
    • Other Information
      Employees Part Time Employees
      Hours Open Days Open
      Year Established
      Selling Reason
      Property Features
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About the Broker....

The Firm Business Brokerage

Cortney Sells
11550 West Dodge Road
Omaha, Nebraska 68154
Phone: 402.998.5288
Fax: 402.939.0857
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Contact Name Cortney Sells
Phone # 402-998-5288

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