A Truck Driver School for sale in Texas - Acquisitions Anonymous episode 154

Want to receive this listing in your inbox? Signup for our weekly newsletter:https://www.getrevue.co/profile/acquanon-----Bill D’Alessandro (@BillDA) and Mills Snell (@thegeneralmills) talk about a CDL (Commercial Driver’s License) Training and Education Center in the state of Texas. Most students who earn their Class A CDL and graduate will go on to work in over-the-road (OTR) trucking. This indicates that they travel greater distances, log more miles, and typically drive across the United States. As a result, their wages are the highest of any class of truck drivers.We will be discussing important key points such as the current situation of CDL Drivers, transferability, and the current line of business competition.Company: CDL Training and Education CenterLocation: TexasEBITDA: $973,000Asking Price: $2,400,000-----Thanks to our sponsors!CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.-----Show Notes:(00:00) - Introduction(00:31) - Our Sponsor is CloudBookKeeping(02:33) - Deal & financials: CDL Training and Education Center(05:54) - What do we like about this deal and the business model?(07:41) - Why is this a double-edged sword?(09:49) - Why is the location so important for this deal?(11:34) - How do you source new clients for this business?(14:54) - What is the current situation for CDL drivers?(17:32) - What do we like about the capital expenditures and maintenance around the assets?(18:24) - Are there concerns when thinking about owner transferability?(19:32) - How do we think about the market and competition?(20:41) - What would Bill investigate to scale this business?(22:50) - Let’s discuss the Build vs Buy options!(26:58) - How important is maintenance?(29:39) - What is our verdict for this deal?-----Additional episodes you might enjoy:#153 - Will Bill buy this company for Girdley’s Christmas present?#152 - Should we buy this Ambulance company? #151 - Should we buy this Pot Business Credit Card Processor?#150 - Let’s buy a medical staffing business#149 - Is this car spinner business a good side hustle?#148 - Growth Marketing explained: Shopify Superfood Greens Brand with 40% subscription rate w/ Baller Jesse PujjiSubscribe to  weekly our Newsletter and get curated deals in your inboxAdvertise with us by clicking hereDo you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.Do you enjoy our content? Rate our show!Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.For inquiries or suggestions, email us at [email protected]