Business Summary:
For over 20 years this niche business has been educating students to get their CDL with driver training classes. They have both classroom and active driver training using their 15 Semis. They are also accredited through the DMV as an official 3rd party CDL testing site with a truck driver. Throughout North America, this post high school career path brings students that are 30% from the Midwest states and 70% from across the US. They have a location in Nebraska, strategically located on the I-80 which is the most travelled US interstate for coast-to-coast hauling. The purchase price includes a fleet of 16 Tractor Trailer Semis, buildout classrooms, a full curriculum, plus a full class schedule as truck drivers remain in high demand throughout North America. Additionally, the owner is offering 10% financing plus a 2-year training period to ensure a smooth and successful transition. A tangible growth strategy is to add additional community colleges to their referral partners. After becoming licensed through their program, a driver can now earn $80,000/year for only a $4,000 investment into their tuition. In 2019, the Federal Government mandated that every person applying for a CDL must complete an approved program through a training school. This business is an approved school and fits all requirements for this change. Also, in the state of Nebraska, the Department of Motor Vehicles no longer offers CDL testing and all testing for CDL licenses will be done by 3rd party examiners. This business holds all certifications necessary for this transition as well. Priced at $2,450,000, a 10% down payment of $245,000 returns $382,440 in the first year after debt payments. The owner has offered to carry 15% of the purchase price in order to show their vested interest in the continued success of the business moving forward. Many individuals who pursue CDL training may need to travel to Kearney, Nebraska, to attend the program; by providing onsite accommodations or partnering with local lodging establishments, they can offer convenience and comfort to out-oftown students. Additionally, having a restaurant space can provide meals and refreshments during training sessions, further enhancing the overall experience for students.
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