Trucking Company and Truck Driving School Business
Off-MarketSharon, TN
Trucking Company & Truck Driving School
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$1,500,000
$850,000
56.7%
2005
30+ Days
Customers
School offers a three-week commercial driver license certification program for students entering the trucking industry. The trucking company has one customer and is under exclusive contract with them, a global company that manufactures plastic parts for LG.
Customer Acquisition
The business does zero paid marketing, relying on word of mouth and occasional job fairs. It also works with prison programs, as the trucking industry is felony-friendly. Approximately 60-70% of students are sent by companies such as Aloha Pools and Spas, Helena Fertilizer Company, and cooperatives in West Tennessee.
Team
Driving school consists of two employees: one who manages the front desk and student acquisition, and the other who serves as the primary instructor. The trucking company consists of one employee who manages back-office operations and four drivers (five people total).
Owner's Role
The owner is semi-passive in the business, as his staff runs the school and the operations for the trucking company.
Reason for Selling
Owner is motivated to sell due to other business projects requiring capital investment.
Contracts
Yes
Real Estate
Located on approximately 7 acres (3-4 of which are in use) with a facility where the school is located. The owner prefers to sell the real estate along with the business.
When Are You Looking to Sell
ASAP
Licenses Required
Yes
Additional Notes
The trucking company generates $1.2 million annually with approximately a 50% profit margin. The driving school generates approximately $4,000 in revenue per student; last year had 70 students (~$280K), with a projection of 100 students this year (~$400K). The two companies could be separated, as there is no employee overlap, although they operate out of the same facility.
Business ID: 1518
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