Precision Motors in Mystic, CT Transitions to Pep Boys

Mystic, CT…October 8, 2018…Precision Motors, an auto repair and tire center in Mystic, CT was recently sold and the location has converted to a Pep Boys Service and Tire Center. The highly profitable business, operating in a spacious 9,750 square foot facility, was family owned since 1995 by husband and wife owners Tom and Vickie…

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Maintaining Confidentiality Throughout the Sale Process

August 28, 2018… There are two key ingredients when it comes to selling a business: professionalism and confidentiality.  If either of these two ingredients are lacking, then you’ll most likely run into problems.  Sadly, many sellers see their deals fall apart due to a breach of confidentiality.  You certainly don’t want to be among their…

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Key Elements for Every Partnership Agreement

August 7, 2018… You should never forget that your partnership agreement is, in fact, one of the most important business documents you will ever sign.  Many people go into business with loved ones, relatives or lifelong friends only to discover (once it’s too late) that they should have had a partnership agreement.  A partnership agreement…

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3 Easy & Effective Negotiation Tactics

May 9, 2018… Far too many prospective business buyers and sellers overlook just how important negotiations can be. But they can also be tricky. In general, there are three approaches to negotiations. Thinking through your negotiation strategies well before the time to buy or sell is a savvy and prudent move…

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Former Shop Owner Pleads: “No One Seems to Believe I Want to Finally Have the Time to Do NOTHING!”

Jan/Feb 2018 Issue

When interviewed shortly after the successful sale of his tire and auto service business, Steven Weber exhibited a combination of relief, pride and sheer happiness in the tone of his voice. Over the span of five years in which I worked with him and his wife, their emotions ran the gamut; from initially being nervous, fearful and feeling guilty about selling and leaving long-term employees with a new boss, to concern about how they would spend all their free time once a sale had been accomplished, to contentment and delight in being able to sleep-in for a change without stressing over business matters…

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Record-Setting Speed of Shop’s Sale Thrills Both Seller and Buyer

Sep/Oct 2017 Issue

When all the variables of a well-orchestrated sales cycle coincide perfectly, the happy ending is a fitting tribute to a seller’s long career — and a perfect beginning for a new owner.

I sometimes share case studies of the clients I have been able to assist in my role as an aftermarket business broker/consultant and provider of intermediary and advisory services. I do that when I think the story will
provide a reader in similar circumstances with new insights or helpful information. In the case of Green Valley, AZ-based Gasoline Alley…

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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…

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