Blog Archives - Page 25 of 27

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…

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…

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…

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…

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…

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.…

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…

What a year it has been!

It means the world to me that so many auto and tire service shop owners over the years have put their trust in me to work closely with them as they implement their exit strategies and finalize the sales of their businesses. Reflecting on the past year, I am delighted that so many deserving shop…

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…

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…