Profitable well established HEAVY GOODS VEHICLE DRIVING SCHOOL
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WE ARE INFORMED the sales year ending 2006 showed £855,000 and the anticipated turnover year ending December, 2007 should show in the region of £1.1 million. We understand the hourly rate for training is at present £40 per hour.
Price
OFFERS INVITED TO INCLUDE THE TENANCY AGREEMENT, 10 VEHICLES, GOODWILL in the region of £390,000
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
Outstanding opportunity to acquire an old established Heavy Goods Driving School. We understand that they are only 1 of 10 LGV/PCV driving schools in the United Kingdom to be acredited by the DSA (Driving Standards Agency).
Approximately 4 miles from the head office is in the region of 12,000 sq. ft. a storage concrete yard held on a lease, the present lease having approximately 3½ years unexpired at a rental of £8,000 p.a. exclusive of rates plus £2,500 p.a. for security. This is used for the storage of the lorries, part of which is let to other lorry owners and provides a rental income of £13,000 p.a.
In addition, in the Surrey area is a storage yard providing 12,000 sq. ft. of reversing area and parking for 2 lorries. We understand that this site is held on a monthly licence at £90 per week.
Finally in Bedfordshire there is an additional parking space for 4 lorries rented at £100 p.w.
Included in the sale are 10 vehicles as follows:
2 Articulated 44 ton lorries both registered in 2001
5 Rigid 18 ton trucks all registered in 2001
1 2001 Mini Bus
1 7½ ton lorry registered in 2004
1 3.5 ton van complete with 2 ton trailer registered in 2004
The present owner has stated the value of the 10 lorries is in the region of £90,000
Staff
Office Staff - 3 full time. Wages paid £900 p.w. approx. In addition, there are 16 instructors all we understand are self employed.
