Art Blumenthal
MBA CBI
Nationwide Automotive Aftermarket Business Broker

Business Valuations Exit Planning Buying & Selling Advisor

 

Latest News


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For More Information, Contact:

John Hamminga                                                                                                                                 

Marketing Advertising Public Relations                                                                                           

Direct Line: 773.281.9874
e-Mail: john@johnhamminga.com                                                                                                                   

 
 Art Blumenthal Reports Growing Interest Levels in Aftermarket Shop Ownership
 Key Aftermarket Players Share their Outlook for 2011


Malvern, PA…January 12, 2011…Art Blumenthal LLC, providing brokerage and advisory services to aftermarket businesses of all sizes, reports improved market conditions for prospective sellers of tire and service enterprises to capitalize on the increase in the numbers of buyers seeking new or expansion business opportunities.

Mr. Blumenthal noted, “As 2011 kicks off, economic condition forecasts and renewed dealer optimism are fueling growth activities among expansion minded organizations looking to leverage their economies of scale and team resources.” As examples of this trend, several key aftermarket players agreed to share their opinions and reference their planned initiatives:


Mike Holmes, Vice President of Virginia Tire & Auto, an 11-location Goodyear, Bridgestone and Shell dealer headquartered in Fairfax, VA said, “Virginia Tire & Auto has an excellent team and we are seeking acquisitions to provide additional opportunities for our people.  Our business model allows our team to focus on providing top notch service, and we would like to leverage that model by expanding our footprint in 2011.  We are cautiously optimistic for the economy in 2011.  Nevertheless, we are focused on continuing to improve our business regardless of the economic climate.”


Larry Griffin, Jr. of Griffin Brothers Companies, a family-owned, full-service tire and automotive center serving the Charlotte, NC area since 1961 and currently operating seven locations with an eighth about to open said, “We are optimistic about 2011. 2010 was a good year, much better than 2009. My main concerns in 2011 are tire price increases, supply issues, and the rising price of gas. We are in the early stages of building a new store this year that will open this summer.”


Leveraging over thirty years of experience as both an aftermarket business owner and technology executive to become an aftermarket-specific business broker, Art Blumenthal is carefully monitoring business climate trends and gauging attitudes of those who are making aftermarket investments. He said, “A new spirit of optimism became quite noticeable as 2010 wound down, buoyed by multiple factors such as enhanced revenue and profitability projections conducive to aftermarket business ownership. One of the key changes has been the shift in the ratio of buyers to sellers, especially among successful independent Goodyear dealers who have contacted me. I am now actively working with many more individual entrepreneurs and corporate buyers seeking new business opportunities and expansion and matching them with sellers such as those looking for a retirement exit strategy.”


He continued, “Buyer interest level is particularly high for nationwide and regional tire and service chains with strong brands and capital resources. The 3.5% industry growth prediction published by the Automotive Aftermarket Industry Association aims a bright spotlight on the aftermarket at a time when other industries cannot forecast gains.”


Joseph Tomarchio, Executive Vice President of Store Operations for Monro / Mr. Tire, a chain of 788 stores said, “Monro has doubled in size in the last seven years and our goal is to double again in the next five years, becoming a billion dollar company. Our preference is to acquire multi-location chains in our 19-state footprint, but we will also consider smaller organizations if they fit in our geographic
markets. Our 2011 economic outlook is a positive one, with more vehicle owners electing to retain and maintain their older cars longer while service bay numbers decline and less auto dealership service departments are available.”


The aftermarket-specific “Be Your Own Boss” campaign created by Art Blumenthal LLC, providing financial incentives for new shop owners, continues to generate high interest as the initial step in a completely confidential process for turning dreams into reality. The desire for financial freedom and improved lifestyle is driving many younger buyers to seek attractively priced single location opportunities, both franchise and independent. More details of the program and a listing of over 200 aftermarket business opportunities can be found at
www.art-blumenthal.com

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About Art Blumenthal LLC

Established in 2010 and leveraging over thirty years of experience as both an aftermarket business owner and aftermarket technology executive, Art Blumenthal LLC provides business intermediary and advisory services to both buyers and sellers of industry businesses of all sizes.


Mr. Blumenthal is a member of the International Business Brokers Association (IBBA), representing a network affiliation of 2,000 business brokers in all 50 states, which leverages and strengthens nationwide reach. He is a Certified Business Intermediary (CBI), having completed IBBA’s rigorous educational, testing, and experience requirements to become accredited.
 

 

For more information…or to initiate a no-obligation confidential consultation…please visit www.art-blumenthal.com






FOR IMMEDIATE RELEASE TO THE PRESS

For More Information, Contact:

John Hamminga                                                                                                                                 

Marketing Advertising Public Relations                                                                                           

Direct Line: 773.281.9874                                                                                                                   

e-Mail: john@johnhamminga.com                                                                                

 Aftermarket Program Targets “Best & Brightest” to Become Shop Owners

 “Be Your Own Boss” Campaign Created by Art Blumenthal
Offers Financial Incentives for Shop Ownership

Malvern, PA…December 6, 2010…Art Blumenthal LLC has unveiled a new program targeting the aftermarket’s “best and brightest” to become owners of their own tire and auto service shops. The “Be Your Own Boss” marketing campaign incentivizes current shop managers and associates who have dreamed of owning their own business by offering up to $10,000 in “Bonu$Buck$” on qualifying deals as a credit to the ultimate purchase.

The new program has been created by Mr. Blumenthal in response to his findings as a business broker uniquely specializing in the tire and auto service aftermarket that most successful aftermarket shop owners who bought their businesses in the past ten years had a background as a store associate.

Mr. Blumenthal can provide the roadmap and launch pad for potential buyers to achieve their dream of business ownership. He has established a confidential “Be Your Own Boss” buyer registry at www.art-blumenthal.com/Buyer_Registry which provides a means for potential buyers to receive regular preference-based updates on the best matches of aftermarket businesses for sale, expert coaching assistance, and information regarding seller and SBA financing.

Mr. Blumenthal noted, “Experience and expertise in the auto service business are crucial factors in predicting success as a shop owner. In my evaluation of the aftermarket landscape, it’s apparent that on one side there are hundreds of independent and franchise opportunities currently available while on the other side there are many highly skilled and talented shop employees who have dreamed of the financial freedom and lifestyle benefits associated with ownership.”

He continued, “In order to ensure that the aftermarket continues to uphold its valuable position in repairing and servicing the nation’s vehicles, the next generation of aftermarket owners must truly come from the ranks of the industry’s ‘best and brightest.’ I want to transform their dreams into reality. Through special arrangements with my clients offering their businesses for sale, I have created the ‘Be Your Own Boss’ program to provide financial incentives to attract and encourage industry professionals to act now.”

In addition to exclusive listings of independent shops on the resale market being represented by Mr. Blumenthal, he also provides business brokerage services for nationwide aftermarket franchise organizations with strong branding and a total footprint of over 6,000 locations. Mr. Blumenthal’s consolidated national database is a unique source of several hundred immediate and affordable franchise opportunities for prospective owners seeking their own automotive business.

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About Art Blumenthal LLC

Established in 2010 and leveraging over thirty years of experience as both an aftermarket business owner and aftermarket technology executive, Art Blumenthal LLC provides business intermediary and advisory services to both buyers and sellers of industry businesses of all sizes.

Mr. Blumenthal is a member of the International Business Brokers Association (IBBA), representing a network affiliation of 2,000 business brokers in all 50 states, which leverages and strengthens nationwide reach. He is a Certified Business Intermediary (CBI), having completed IBBA’s rigorous educational, testing, and experience requirements to become accredited.
 

For more information…or to initiate a no-obligation confidential consultation…please visit www.art-blumenthal.com




FOR IMMEDIATE RELEASE TO THE PRESS

For More Information, Contact:

On Behalf of Art Blumenthal LLC:                                                                                                  On Behalf of Midas International:

John Hamminga                                                                                                                                          Franchise Recruitment

• Marketing • Advertising • Public Relations                                                                                                            • 800.365.0007

• Direct Line: 773.281.9874                                                                                                                                    • 630.438.3295

• e-Mail: john@johnhamminga.com                                                                                     • e-Mail: midasfranchise@midas.com

 

 

 Midas Selects Art Blumenthal LLC for New Dealer Recruitment Initiative

Malvern, PA…October 4, 2010…Art Blumenthal LLC will provide business brokerage and advisory services to both buyers and sellers of Midas Auto Center locations in a new Broker Referral agreement announced today.

The new agreement comes on the heels of the announcement in August that tire and automotive aftermarket industry veteran Art Blumenthal launched a new aftermarket-specific nationwide business brokerage firm bearing his name.
 

Leveraging over thirty years of experience as both an aftermarket business owner and aftermarket technology executive, Art Blumenthal LLC provides brokerage and advisory services to both buyers and sellers of industry businesses of all sizes. Mr. Blumenthal’s experience includes his ownership of four Midas Auto Center franchises early in his career.

Under the terms of the new partnership, Mr. Blumenthal will find and recruit entrepreneurs for immediate nationwide opportunities to become Midas Auto Center franchisees. Mr. Blumenthal will act on behalf of both Midas Corporate for selected company owned locations that are for sale, as well as individual franchisees who wish to retire.
 

Mr. Blumenthal said, “Our new partnership streamlines the process for the purchase and sale of Midas Auto Centers nationwide. By bringing my in-depth experience in operating and selling multiple Midas Auto Center franchises to the table, I am uniquely positioned to initiate and facilitate the changing of hands of Midas Auto Centers between new owners. Perhaps even more importantly, my services provide current Midas franchisees with the tools needed to create an exit strategy for the future to maximize the ultimate selling price of their businesses.”

Tom Scott, Director of Franchise Recruitment for Midas noted, “A Midas franchise offers a candidate the opportunity to run a community-based business and be supported by a company with over 50 years of franchising experience. Art Blumenthal’s expertise in the automotive aftermarket and his desire to help potential entrepreneurs achieve their dream of career change is a welcome addition to our efforts to grow and transform into a one-stop shop for total car care, including tires.”

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About Art Blumenthal LLC

Established in 2010 and leveraging over thirty years of experience as both an aftermarket business owner and aftermarket technology executive, Art Blumenthal LLC provides business intermediary and advisory services to both buyers and sellers of industry businesses of all sizes.

Mr. Blumenthal is a member of the International Business Brokers Association (IBBA), representing a network affiliation of 2,000 business brokers in all 50 states, which leverages and strengthens nationwide reach. He is a Certified Business Intermediary (CBI), having completed IBBA’s rigorous educational, testing, and experience requirements to become accredited. 

For more information…or to initiate a no-obligation confidential consultation…please visit www.art-blumenthal.com


About Midas International Corporation

Midas is one of the world's largest providers of automotive service, offering brake, maintenance, tires, exhaust, steering and suspension services at more than 2,400 franchised, licenses and company-owned Midas shops in 16 countries including more than 1,600 in the United States and Canada.

Midas also owns the SpeeDee Oil Change business with 170 auto service centers in the United States and Mexico.

For more information please visit www.midasinc.com

 

 




FOR IMMEDIATE RELEASE TO THE PRESS

For More Information, Contact:

John Hamminga
MarketingAdvertisingPublic Relations
Chicago
Direct Line: 773.281.9874
E-mail: john@johnhamminga.com

 Art Blumenthal Launches New Aftermarket-Specific Business Brokerage Firm

Malvern, PA…August 23, 2010…Tire and automotive aftermarket industry veteran Art Blumenthal has announced the launch of a new aftermarket-specific nationwide business brokerage firm bearing his name.

Leveraging over thirty years of experience as both an aftermarket business owner and aftermarket technology executive, Art Blumenthal LLC provides business intermediary and advisory services to both buyers and sellers of single and multi-location businesses, including retail tire and auto service dealers, commercial dealers, and wholesale tire/parts operations. 

Mr. Blumenthal will not only act as a business intermediary to bring buyers and sellers together, but will also provide consultative services and exit planning strategies to business owners who might be considering selling in the next one to five years. Spending time now on a preliminary valuation, profitability improvements, and exit strategy can pay enormous dividends later by maximizing selling price and minimizing potential tax burden.

More so now than ever, critical keys to selling a business in challenging economic times include a professional valuation to determine the appropriate listing price and creation of an essential, comprehensive marketing plan to attract qualified buyers.

By focusing specifically on the automotive aftermarket, Mr. Blumenthal has the ability to build an extensive nationwide database of potential buyers, both chain enterprises seeking to expand and consolidate  in key markets, as well as financially qualified  entrepreneurs, whether experienced or in a first-time role.

Mr. Blumenthal’s aftermarket career began as the CEO/Owner of four Midas Auto Center franchises and an independent tire/service dealership in Pennsylvania for over 12 years. Subsequently, he acquired and became CEO and majority owner of Anderson BDG Corporation, a software technology company for aftermarket chains, franchises, and independents, where he led the growth of the company from a mere 40 installations in 1988  to over 2,400 customer locations by 2001.  He sold the software business in 2001 and remained as VP – Business Development and Marketing. The company, now called Aftersoft Network NA, Inc. a subsidiary of Aftersoft Group, Inc., continues to be a leading provider of business management and eCommerce software to tire and automotive services chains, including retailers, commercial dealerships, and wholesale tire/parts distributors.
 
“Seeing a critical industry need and filling it with expertise and integrity has been the hallmark of my career,” noted Mr. Blumenthal. “Now, by leveraging the experience, in-depth knowledge, and extensive contact network I’ve achieved in over thirty years in the tire and automotive aftermarket industry, the timing is right to establish a nationwide aftermarket-specific business brokerage venture bringing value-added benefits to both buyers and sellers in our unique industry.”

He continued, “Aftermarket franchises, dealer networks, and buying groups have unique needs, all of which I can address. Long-time dealers wish to exit with a maximized payday, while new energized buyers are necessary to keep the national organization growing and prospering. By deploying my services as a business intermediary, confidentiality is respected and the owner is guided step-by-step through the selling process. My aftermarket industry colleagues are invited to contact me to explore potential business intermediary and advisory service relationships.”

Art Blumenthal earned his MBA from Rutgers University in 1976 and has completed the prerequisite brokerage business courses to become an affiliate broker of BBN (Business Brokers NetworkSM), America’s largest network of over 450 affiliate business brokers, as well as training and membership in IBBA (International Business Brokers Association, Inc.).

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About Art Blumenthal LLC

Established in 2010 and leveraging over thirty years of experience as both an aftermarket business owner and aftermarket technology executive, Art Blumenthal LLC provides business intermediary and advisory services to both buyers and sellers of industry businesses of all sizes.

Mr. Blumenthal is a member of the International Business Brokers Association (IBBA), representing a network affiliation of 2,000 business brokers in all 50 states, which leverages and strengthens nationwide reach. He is a Certified Business Intermediary (CBI), having completed IBBA’s rigorous educational, testing, and experience requirements to become accredited.

For more information…or to initiate a no-obligation confidential consultation…please
visit www.art-blumenthal.com
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