Company News
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…
Read MoreNew 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…
Read MoreUnderstanding 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…
Read More3-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…
Read MoreHappy 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…
Read MoreCenterpiece 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…
Read MorePrecision 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…
Read MoreArt Blumenthal Reports Growing Interest Levels in Aftermarket Shop Ownership
Key Aftermarket Players Share their Outlook for 2011… Malvern, PA…January 12, 2011…Art Blumenthal LLC, providing brokerage and advisory services to aftermarket businesses of all sizes, reports improved market conditions for prospective sellers of tire and service enterprises to capitalize on the increase in the numbers of buyers seeking new or expansion business opportunities. Mr. Blumenthal…
Read MoreMidas Selects Art Blumenthal LLC for New Dealer Recruitment Initiative
Malvern, PA…October 4, 2010…Art Blumenthal LLC will provide business brokerage and advisory services to both buyers and sellers of Midas Auto Center locations in a new Broker Referral agreement announced today. The new agreement comes on the heels of the announcement in August that tire and automotive aftermarket industry veteran Art Blumenthal launched a new…
Read MoreArt Blumenthal Launches New Aftermarket-Specific Business Brokerage Firm
Malvern, PA…August 23, 2010…Tire and automotive aftermarket industry veteran Art Blumenthal has announced the launch of a new aftermarket-specific nationwide business brokerage firm bearing his name. Leveraging over thirty years of experience as both an aftermarket business owner and aftermarket technology executive, Art Blumenthal LLC provides business intermediary and advisory services to both buyers and…
Read More