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Profitable Driving School for Sale in Richmond Hill, Queens, New York Are you seeking a lucrative opportunity in the driving school industry or looking to invest in a business that promises steady income? This bustling driving school, established in 2020 and located in the heart of Richmond Hill, Queens, is now on the market! Key Features: 1. **Thriving Clientele**: The school is very busy, boasting a strong customer base and high demand for driving lessons. 2. **Online Convenience**: Comes with a sophisticated website where students can easily browse and purchase various driving lesson packages. 3. **Established Brand**: The sale includes an established business name and a trademarked logo, lending credibility and recognition to the business. 4. **Excellent Reputation**: The driving school proudly holds over 140 positive reviews from satisfied students on Google, reflecting the quality of instruction and service. 5. **Prime Location**: The business operates from a well-maintained office space in Richmond Hill, with affordable rent at just $2, 000 per month. 6. **Leased Vehicle**: Included is a 2022 Toyota Corolla, equipped with dual brakes, on a lease that can be easily transferred to the new owner. This driving school is perfect for anyone in the industry or an investor with the time to manage and expand it further. The groundwork is set for continued success and growth. Seize this opportunity to own a reputable and profitable business in a vibrant community!
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Our Executive Mortgage Banker:
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$100,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $80,000 | $80,000 | $80,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.050% | 6.112% |
Monthly Tax Payment | $2,776 | $2,776 | $2,776 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $499 | $526 | $670 |
Total Monthly Payment | $3,350 | $3,377 | $3,521 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.