About Startup Costs
The startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.
Business At A Glance
Driving School
Startup Costs: $10,000 - $50,000
About
Home Based: Can be operated from home.
Franchises Available? No
Online Operation? No
If you're looking to make the world a safer place, what better way than to start a driving school?
Business Overview
Training new drivers how to be good drivers is a multimillion-dollar industry in the United States. The main requirement for starting a driver training school is to be--or have on staff--professional driving instructors. Many driving instruction schools now subcontract out the driving instruction to trained professionals who supply their own cars, insurance and gas in exchange for a percentage of the revenue paid by their students. Using this type of operating format can be a terrific way to reduce the overall startup and operating costs for the business. Currently, revenue split rates range from a low of 60 percent for the instructor and 40 percent for the driving school to 75 percent for the instructor and 25 percent for the school. This is a very competitive industry and the only way to succeed is to secure contracts with high schools providing driver education courses for students. The contracts for this service are usually awarded on a tender-for-service basis every one to three years.
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About Startup Costs
The startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.
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About costs
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