Are you thinking of selling your Driving School? After all of the work you have put into building the School, you may be ready to retire. You probably have many questions, such as: What is the best way to sell my Driver Education Business? How much can I sell my Driving School for? Who would be the best buyers, and who has experience selling Driving Schools?
We can help guide you through the process of selling your Driver Education Business. We sell Driving Schools with annual revenues of $700,000 to $70 Million. If your School falls within that range, we would like to talk with you about how we can help. The first step would be learning more about your business: What types of drivers do you serve, and how long have you been in business? Do you focus on educating students in schools or private lessons and private courses or a combination? How many driving instructors do you have?
The next step would be to review your financial information and see how much you make as the owner each year. We also want to understand whether your business mostly comes from servicing high schools or private driver instruction. Then, we can give you an idea of how to price your driving school. If you would like to move forward, we would have you sign our Listing Agreement, which only provides for payment if we sell your Driver Education Business.
The first step in marketing your business is to write a confidential overview of your business. This will provide some general information about your business and will be advertised on many websites. We will also contact our database of 40,000 potential buyers and contact other driving schools or educational companies that might want to add your business to their offerings. Before we provide them with the specifics about your business, they will need to sign a non-disclosure agreement and provide information on their qualifications. Then, we will give them a more detailed document on your business, including the financial report.
We will typically need to speak with many potential buyers before getting someone who is qualified and sincerely interested in your business. It’s a process that unfolds over time. We usually introduce the first eligible and interested buyer to you within 1-8 weeks, and it’s typically 1-6 buyers that we present to sell your driving school. On average, it takes 6-10 months to sell your business. If your firm enjoys significant operating margins and growth potential, this will certainly make it easier to locate the right business buyers for your profitable driving school for sale. Buyers will want to understand how to increase the revenues and profit of your driver education business for sale.
If you’re looking to sell a driving school with an annual owner’s net income of $250,000 to $20 Million, we are here to help. Drop us a line at info@synergybb.com, fill out and submit our easy online form or give us a call at 888-750-5950, and we’ll set up a private consultation to get started.