Growing CDL Training Company of North Carolina
| Cash Flow: | $546,000 |
| EBITDA: | $376,000 |
Driving Success Through Innovative Training and Operational Excellence
Headquartered in North Carolina, this nimble and fast-growing CDL training business is swiftly taking market share despite recent weakness in the post-COVID transportation market. Growth in the individual student market is in the mid double-digit rate, highlighting its strength in customer acquisition and ability to flex operational capacity. The Company offers a variety of programs, including Hands-On Training, FMCSA Entry Level Driver Training, Third Party Testing, Class A and Class B Training, Refresher Training, Upgrade Training, and Restriction Removal Training and Testing.
While the Company was founded only four years ago, ownership has built a capable management team and infrastructure to grow and thrive for many years to come. It serves a diverse clientele, including individuals, corporate partners, government agencies, and non-profit organizations. Ownership is interested in exiting the business after a mutually beneficial transition period.
INVESTMENT APPEAL
Strong Historical Sales Growth: Historical sales have grown from $232,000 in 2020 to $1,972,000 in 2023, representing a compound annual growth rate of 70.7%. Sales have grown consistently year over year in the historical period.
Facilities Will Support Pro Forma Growth: The Company’s central facility and resources are not currently at capacity, so future growth will be supported by the current assets and facilities on hand.
Diversified Customer Base: The Company has developed an excellent reputation throughout North Carolina for providing students high with quality commercial truck driving education at a reasonable price. Over the historical period, the Company experienced no significant customer concentration. A diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single account.
Modest Ongoing Capital Investment Requirements: Management does not expect a significant investment in capital assets to be required over the pro forma period. In 2025 and going forward, management anticipates capital expenditures to average $20,000 to $30,000 per year for various equipment and leasehold improvements.
