BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Business opportunity:
Asking price:
£50,000
Turnover / revenue:
£130,000
Net profit / cashflow:
£20,500
Years established:
5
Trading hours:
Online bookings via state-of-the-art website enables business to operate round the clock, & drivers offer lessons from early morning till late at night 7 days a week
Number of employees:
2
Business website:
OTHER DETAILS
Reason for selling:
Owners have started a new business writing mobile apps to specific markets & would not be in competition with new owners, & would sign a non-competition agreement.
Financing available:
Clean break preferred - finance can be arranged if required
Support and training:
Assistance with all aspects of the business offered by arrangement to aid a smooth migration to new ownership
Business is relocatable:
Yes
Business is web-based:
Yes
Business is home-based:
Yes
BUSINESS DESCRIPTION
Acquisition Opportunity : Driving School
Operates in North & East London, & South-West Essex
State-of-the-art online automatic booking system
10-12 multi-lingual self-employed Instructors at any time
Rigorous standards applied to Instructor recruitment
Dual Control Cars, replaced every 7 months
Very recognisable brand in the area
Owner-managed part-time & out-of-hours
Operates from home, so fully relocatable
Great opportunity for geographic expansion
Readily franchisable
Derives income from Instructors sub-contracting cars, so no cash-flow issues
Adjusted EBITDA £20.5K
Scalable at very little outlay – full-time operation could net minimum of £50K EBITDA
Quick ROI on Asking Price in 2½ years at current operating levels
Expansion Potential
Huge potential at very low outlay, as business is currently operated part-time
Market / Competition / Non-Competition Agreements
National brands to one-man bands. Our client has a solid reputation with high standards in an area where standards can be very low, with low pass rates, causing pupils to spend large sums on lessons & failed tests.