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…
Read More10 Mistakes to Avoid When Selling Your Business — An Insider’s Guide, Part 1
Jan/Feb 2013 Issue
The majority of challenges and frustrations experienced by sellers can be avoided with solid information about the pitfalls of selling a business in today’s market. While there are dozens of challenges to overcome, here are five of the most common mistakes that can have drastic repercussions and cause both stress and loss of value on a business sale.
Read More10 Mistakes to Avoid When Selling Your Business — An Insider’s Guide, Part 2
Mar/Apr 2013 Issue
The majority of challenges and frustrations experienced by sellers can be avoided with solid information about the pitfalls of selling a business in today’s market. While there are dozens of challenges to overcome, in the January/February 2013 issue the first five most common mistakes were discussed that can have drastic repercussions and cause both stress and loss of value on a business sale. Here are the next five…
Read MoreCase 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
Executive Q&A — Part 1
Nov/Dec 2013 Issue
In the first of a two-part series, we delve deep into the process of selling a business by interviewing Art Blumenthal, nationwide automotive aftermarket business broker, who provides business valuations, exit planning, and buying and selling advisor services.
Read MoreExecutive Q&A — Part 2
Jan/Feb 2014 Issue
In the second of a two-part series, we delve deep into the process of selling a business by interviewing Art Blumenthal, nationwide automotive aftermarket business broker, who provides business valuations, exit planning and buying and selling adviser services.
Part one of the executive interview appeared in the November/December issue of Shop Owner.
Read MoreCase 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
Preventive Measures for a Shop Owner to Take to Avoid the Risks of a Deal Falling Apart
May/Jun 2014 Issue
A business sale requires the full attention and cooperation of the seller. Take your vacation before putting the business on the market. Then be prepared to dig in, be available and be actively involved in the stages of the selling process. Once it’s sold, then it’s time for that trip of a lifetime…
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