Blog
Seller Embarks on Exciting New Aftermarket Career Newbury Park, CA…August 26, 2019… California Tire Co., a well-established Ventura County, CA independent tire and automotive service center…
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It’s important to understand the various aspects of confidentiality when it comes to selling a business. This can involve understanding what to disclose and when, and the legal obligations that need to be met by business sellers. Knowing what to disclose and when Knowing what to disclose and when can have a significant impact on the…
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February 26, 2019… Why do shop owners need a transition plan? Below are six core reasons. 1. Transitioning out of a business likely is the most important financial transaction of a shop owner’s life. 2. Transitioning out of a business is complex. 3. The financial security of a shop owner and his or her family depends on the creation…
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Malvern, PA…January 28, 2019… Art Blumenthal LLC, an automotive aftermarket-specific business broker, is utilizing the 3-week window created by the end of the federal government shutdown to expedite the closings of tire and auto service shops that have been stalled for the past month due to lack of loan guarantee processing of the Small Business…
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December 21, 2018…As we pause this time of year to reflect, I am delighted that so many deserving shop owners in 2018 were able to maximize the sale price of their businesses to provide them the type of retirement of which they have always dreamed. I am especially gratified to hear from former owners who…
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Streetsboro, OH…October 22, 2018… Defer Tire, a well-established independent tire and automotive service center in Streetsboro, OH owned and operated by Mark Defer was recently sold to Tire Source, a small, growing chain of independent Goodyear Tire & Automotive Service Centers in the Akron/Canton/Medina, OH area, owned by Tom White. Leveraging over 35 years of…
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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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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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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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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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