Blog

Four Common Seller Mistakes

Sellers are just like everyone else in that they can make mistakes.  In this article, we’ll explore some of the most common mistakes that we see along with some of the repercussions. 1. Not Seeing the Buyer’s Point of View The first major mistake that sellers make is that they simply fail to look at…

Read More

Points to Consider Before You Sell Your Family-Owned Business

September 24,2020…As the old saying goes, “At some point, the time comes to sell almost every business.”  But when it comes to family-owned businesses, a level of emotion comes into play.  These kinds of emotions are not typically seen with other types of sales. Family-owned businesses sometimes bring with them the complexity of family dynamics,…

Read More

Confidential Business Reviews Should Establish Trust

August 26,2020…When you are selling a business, your business broker or M&A Advisor will likely create a Comprehensive Business Review, or CBR.  This comprehensive document can then be presented to prospective buyers once they have signed all necessary confidentiality documentation.  It is essential that this document builds trust between both parties, as this will go…

Read More

Essential Meeting Tips for Buyers & Sellers

July 30, 2020…The buyer-seller meeting is quite often a “make or break” meeting.  Your business broker or M&A Advisor will do everything possible to ensure that this meeting goes as well as possible. It is vitally important to realize that rarely is there an offer before buyers and sellers actually meet.  The all-important offer usually…

Read More

The Main Street Lending Program

July 22, 2020…There is no doubt that the COVID-19 situation seems to change with each and every day.  The disruption and chaos that the pandemic has injected into both daily life and business is obvious.  Just as it is often difficult to keep track of the ebbs and flows of the pandemic, the same can…

Read More

How a Broker Can Help a Shop Owner Sell the Business during COVID-19

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…

Read More

Dealing with COVID-19’s Economic Impact: Planning and Communication are Key

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…

Read More

The Impact of COVID-19 on Buying or Selling a Business

Nearly every independent shop owner, chain or franchise operator in the tire and automotive service business has been materially impacted by the effects of COVID-19, despite being considered “essential” services. Many dealers have called me to say that they have been thinking about selling their business in the next 1-2 years but wonder if the…

Read More

Small Independent Chain Grows and Thrives by Focusing on Personal Touch

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.…

Read More

Off to a Great Start: January, 2020

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…

Read More