Case Studies Archives - Art Blumenthal

Selling an Independent Auto Service Business — An ‘Emotional Rollercoaster’ for Both the Buyer and the Seller

Nov/Dec 2012 Issue

“Am I supposed to just keep working until I drop dead?” is a question many Baby Boomer generation business owners may ask themselves sooner or later. Jim Hermansader, a veteran of the automotive service industry who had spent 43 years, since he was 18 years old and fresh out of high school, in a family-owned business, had to ask the question out loud when he received some pushback from those who challenged his decision that it was time for his business to change hands…

Case Study: Buying & Selling an Automotive Service Business

A Look at the Perspectives of Both Buyer & Seller When a Prominent Auto Service Center in North Providence, RI, Changes Hands

May/Jun 2013 Issue

“After thinking I should be doing a nationwide search to find the right buyer for my business, it took my broker Art Blumenthal to find the perfect candidate from my own hometown!”
–Jim Torres, Seller
“For a first time buyer, having a broker involved is definitely a plus. There’s an amazing amount of legwork involved to get the deal done and you need a guide.”
–Joe Cunha, Buyer

Case Study: Buying & Selling an Auto Service Business

A Look at the Perspectives of Both Buyer & Seller as the Process of a Memphis, TN, Auto Service Center Changing Hands Unfolds

Jul/Aug 2013 Issue

“Buying a business is like working on a MBA the hard way…a real trial-by-fire. A good business broker can smooth that arduous process…”
…Bill Brickhill, Buyer

Case Study: Selling a Multi-Site Auto Service Enterprise Utilizing the Services of a Broker

Sep/Oct 2013 Issue

“Sometimes the whole is greater than the sum of its parts, but sometimes the reverse is true and a packaged deal will yield less than the individual shops sold separately…”
…Terry Flaherty, seller of 4-shop enterprise
“I’m now a firm believer, as I was 30 years ago and will always be, in being prepared for success. In this business, if you can do that, I think there is good money…”
…Paul Davidson, buyer of one of the shops

Case Study: Overcoming Daunting Challenges Selling an Automotive Aftermarket Business

Mar/Apr 2014 Issue

“I recommend to anyone who is looking to sell their aftermarket business to obtain the services of a business broker who knows our industry. Art Blumenthal is the model for that, and he was so good that once we settled, he was the first one I paid.”
— Sam Mitchell, Seller of Mitchell Tire Service
(Goodyear Independent Dealer), Glassboro, NJ

Will Your Tax Returns Drastically Understate the True Value of Your Auto Service Business?

Properly Recasting Your Financials Will Showcase Your Aftermarket Business and Accurately Justify the Selling Price You Had Hoped For

Jul/Aug 2014 Issue

After more than 30 years of owning and successfully running the town’s well-known and successful auto service business…starting out long ago as a single location and growing to multiple sites over the course of his career…Dan the Auto Man is about to make the biggest decision of his professional life…

Wright’s Automotive: Protecting & Preserving A Legacy With A New Owner

Jan/Feb 2015 Issue

An independent automotive service business can be so much more than bricks and mortar, equipment, employees and a source of revenue. It can also be a source of pride — a testament to a lifetime’s worth of hard work.

Business Succession Planning:

How Developing Your Effective Exit Strategy Now Increases the Sticker Price of Your Business When It’s Time to Sell

May/Jun 2015 Issue

As a tire or automotive service shop owner, did you know that from a business succession planning perspective, every dollar that you can add to cash flow will likely yield you $2 to $3 in the most likely selling price of your business?!

Debunking An Aftermarket Myth

Jul/Aug 2015 Issue

As a Tire or Automotive Service Shop Owner Looking to Sell Your Business, You May be Making the Process Even More Challenging by Mistakenly Disqualifying Potential Buyers Who Would Actually Make Great Owners…

The Entrepreneurial Spirit is Alive and Well in a New Generation of Business Buyers

Recent Data Confirms Previous Forecasts of Strong, Stabilized Business Selling Transaction Activity

Mar/Apr 2016 Issue

“As long as I can remember, ever since I was a kid, I always wanted to be my own boss,” was the remark made by new business owner Dallas Griswold when asked what had made him decide to buy his own business. Nothing can better define the entrepreneurial spirit than that simple response, which really tells the whole story…