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Shop Owner Magazine Interviews Art Blumenthal On How to Maximize the Sale Price of Your Business
In this episode of "It's Time," the Shop Owner Magazine six-part series on succession planning, industry veteran Art Blumenthal shares his thoughts on the financial considerations shop owners need to have when deciding to cash in their chips… get relief from stressful day-to-day responsibilities… and enjoy more time with family, traveling, and exploring other options and interests.
“Consider this before selling your tire shop” is the topic of an interview with Art Blumenthal published by Tire Business, a leading newspaper written for independent tire and automotive service shops. The article addresses the most common questions that shop owners have when thinking about whether its time to retire and potentially sell the business.…
Owners View Pandemic as Strategic Time to Refuel and Recharge Growing Footprint Hemet, CA…September 30, 2020… Husband and wife owners of Southern California-based Integrity Tire Auto Service Centers, Chris and Rebekah Moll, have seized opportunities over the past few years to grow the family’s independent tire and auto service chain. Their formulas for success have…
6/22/2020…The economic impacts of the unprecedented COVID-19 pandemic are still being felt, measured, and predicted. It is indeed a critical time for the automotive and tire service industry. More than ever, for those considering the sale of their business, the reliance upon the expertise and integrity of a business broker is of paramount importance. A…
May 19, 2020…There are many things that you should be doing to deal with the COVID-19 pandemic. At the top of the list is to be proactive. Now is the time to be thinking about how best to position your business after the economy has returned to something near normal. Now is not the time…
2021 Is Going to Be a Very Tough Year to Sell a Business… Malvern, PA…April 28, 2020… Automotive aftermarket-specific business broker Art Blumenthal believes that, for tire and auto service shop owners who have been negatively impacted by COVID-19 and are considering a transition out of the business in the next 1-3 years, the sooner…
Latest Acquisition Leverages Legacy of Technical Expertise and Quality Customer Service… Baltimore, MD…February 18, 2020… AutoStream Car Care, a leading independent tire and automotive repair and maintenance service chain in the greater Baltimore/Washington area, has added its sixth location with the purchase of long-established Baltimore business Brentwood Automotive, founded by owner Ed Nemphos in 1976.…
More Buyers Than Sellers… The high level of buyer interest in purchasing an automotive service business continues into the new year, as many Buyer candidates have made New Year’s resolutions to “Be Your Own Boss.” Bank/SBA loans remain available and interest rates have started to decline, with expectations that the Fed will keep rates lower…
It means the world to me that so many auto and tire service shop owners over the years have put their trust in me to work closely with them as they implement their exit strategies and finalize the sales of their businesses. Reflecting on the past year, I am delighted that so many deserving shop…
Latest Sales… Congratulations to Edward Nemphos on the sale of Brentwood Automotive, an award- winning independent tire and automotive service center in Baltimore, MD owned and operated by Ed since 1976. After 43 years, Ed is looking forward to retirement and having time for international travel with his family. The buyers are Rick Levitan and…
Joe has owned a successful tire business in suburban Boston for 31 years and has decided it’s time to seriously consider selling and retiring. Joe’s sales are up, the economy is booming, bank loan interest rates are dropping, and there is a whole new generation of potential entrepreneurial buyers. He’s tired and burnt out and…