Educational/School / Driving School
This highly successful driver training business has been operating nationally in Canada since 2000. The program includes e-learning modules and behind-the-wheel education. The company has enjoyed significant repeat business from a number of large corporations that have significant vehicle fleets ranging from 100-1,000 vehicles. These firms want their employee / drivers to have the best skills available to support their driving commitment through new and refresher programs.
The business operates from a rented office facility and could be relocated utilizing its toll free national contact number. The business uses sub-contractors to conduct the scheduled instruction programs. A number of target markets exist for this instruction curriculum. The owners work 3 days / week each for a total of 24 hours / week.
The business is being sold for 3.34 x the 4 year weighted average cash flow after allowing for $100K in annual owner / GM compensation. This is a 3.55 X multiple of forecast FY 2019 discretionary earnings after allowing for a $100K annual owner compensation. There are significant opportunities to grow this business across Canada through new customers and new markets