This driving school for sale in Howard County is the oldest in Maryland.
Overview of a driving school for sale
The school provides a driver education program that all new drivers must take to be given a Maryland Driver’s License. Pursuant to Maryland Graduated Licensing System, new drivers are obliged to take 30 hours of classroom instruction and 6 hours of behind-the-wheel lessons. Due to the pandemic, the MVA allowed providing the class portion of driving instruction virtually by approved instructors. As a result, the need for physical classrooms has been reduced as well as rent costs.
As of now, the seller keeps an 800 sq. ft. office and a classroom. Since this is on a monthly lease, a purchaser can negotiate a new lease at this location or relocate it to a more comfortable place.
Overview of the market
The Tutoring and Driving Schools sector features a low level of market share concentration. 88.3% of all businesses are nonemployer generating 16.3% of industry revenue, pointing out the small scale of the average operation. Then, 53.4% of employing companies have fewer than 5 employees and 72.4% have fewer than 10 employees. However, different industry segments present different levels of concentration. In 2021, the 4 largest industry operators account for less than 10.0% of overall industry revenue. The auto driving school sector combines a large proportion of small businesses. This is why this online driving school for sale is well-positioned for future growth.
Now, this business for sale is available due to the owner’s retirement.
*You can also see other offers for sale in the category “Education”.
