Blog

Latest Sales & Newest Listings: December, 2019

Latest Sales… Congratulations to Edward Nemphos on the sale of Brentwood Automotive, an award- winning independent tire and automotive service center in Baltimore, MD owned and operated by Ed since 1976. After 43 years, Ed is looking forward to retirement and having time for international travel with his family. The buyers are Rick Levitan and…

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Thinking of Selling Your Business in 2020? What You Must Do NOW…

Joe has owned a successful tire business in suburban Boston for 31 years and has decided it’s time to seriously consider selling and retiring. Joe’s sales are up, the economy is booming, bank loan interest rates are dropping, and there is a whole new generation of potential entrepreneurial buyers. He’s tired and burnt out and…

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Latest Sales & National Tire/Service Chain Update: November, 2019

Latest Sales… Mohammad Tariq did not have prior automotive service experience, but is excited to have completed four weeks of training and assume the reigns of the profitable Midas Shop in St. Clair Shores, MI. The previous owner was Michael Gnesda, who is retiring from fourteen years of ownership of the iconic brand franchise. Joe…

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New Owner Vows to Continue 5-Star Legacy of California Tire Co.

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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Understanding Confidentiality

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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6 Reasons Shop Owners Need a Transition Plan

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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3-Week Shutdown Reprieve Opens Door to SBA/Bank Financing for Shop Owners

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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Happy Holidays!

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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Centerpiece of Ohio Tire Store Owner’s Plan to Sell Business is Deep Regard for Customers and Employees

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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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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