Business Description

Award-winning commercial driving school with proprietary training program and 3-month waiting list. The school leverages the best training resources, including a state-of-the-art simulator and achieving a 100% graduation rate. 

The school was founded in 2001 and the owner seeks to retire after 33 years in the industry. $182,000 SDE in 2023, and 24%+ SDE Margins in each of the past three years. $706,000 revenue in 2023, with 2.1x increase in revenue from 2021. The company has a highly trained team of 5 instructors. There is a general manager and office manager in place, who oversee day-to-day operations and recruiting. The company has a $120K driving simulator  and 15 trucks and trailers. The school operates out of a leased facility with office and classroom space (lease can be transferred to the new owner).  

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Key Metrics

• $706K 2023 revenue | 44% CAGR from 2021 to 2023
• $182K 2023 SDE | Consistent 24%+ profit margins from 2021 to 2023
• Assets: 7 semi-trailers, 6 trailers, belly dump, Ford 555, and driving simulator.

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Background

This commercial driving school offers comprehensive commercial driving certification and education courses. With over 33 years of industry experience, the school's expert instructors equip students with practical skills for successful careers. The company has an established reputation and strong relationships with state workforce services, local businesses, and the community. The company holds copyrighted proprietary training materials and a state-of-the-art driving simulator that yields a perfect graduation rate among students. Their full team will stay on through transition. With significant expansion potential and an excellent reputation, this commercial driving school is well-positioned for continued growth and success.

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Key business details

• Recurring revenue with long-term partnerships: Fleet contracts in place with several companies that ensure a steady stream of students
• Strategic Location: Serves a wide area with limited competition
• Partnerships with state programs: The company benefits from state grants via Workforce Services, reducing student training costs. Grants for up to 100 students, totalling half a million dollars, are secured.
• Rapidly growing demand driven by regulatory tailwinds: The school consistently attracts students and has maintained a three-month booking lead over the past 2 years. Demand is strengthened by recent FMCSA regulations.

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Growth opportunities

• Hiring Additional Instructors: Expanding the team would allow the school to capture excess demand. 
• Geographic expansions: Opening additional branches in other parts of Wyoming or Montana would allow the business to reach more students and meet the demand for CDL training in these areas. 
• Expansion of services: The company primarily offers Class A CDL training but also provides additional services such as ELD and hazmat classes. Expanding the range of courses offered, including specialized training for various industries requiring commercial driving, could attract more students and increase revenue.
• Proprietary training materials: Copyrighted proprietary training materials to ensure perfect graduation rate, which can be licensed to other schools as a new revenue stream.

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