Contact Information

 

 

Online Driving School - Seller Financing Available

  • Listing# : 16570
  • Listed Price : $350,000
  • Total Sales : $476,382
  • SIC : 8299
  • Down Payment : $100,000
  • Status : Active
  • Discretionary Earnings : $192,479

Business Type :

Educational/School / Driving School

Business Description :

This driving school is the oldest in Maryland.  They offer Maryland required Driver Education Course. This is the course that all new drivers must take to obtain a Maryland Driver's License. The Maryland Graduated Licensing System Law mandates new drivers, regardless of age, must receive thirty hours of classroom instruction and six hours of behind-the-wheel instruction.

As a result of the COVID, the Maryland Department of Motor Vehicles (MVA) permitted the class portion of driving instruction to be done virtually by qualified instructors. This has reduced the need for physical classrooms and resulted in a reduction in rent expense by $50,000 compared to 2019.  The final leases are expired or expiring soon and will not have to be assumed by the buyer. 


Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $0
    • Incl :
    • Liabilities $0
    • Incl :
    • FF&E $50,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $50,000
    • Incl : Yes

Lender Prequalified: No

Similar Listing :

Educational/School