Shop Owner® Magazine Articles
Shop Owner Magazine Interviews Art Blumenthal On How to Maximize the Sale Price of Your Business
In this episode of "It's Time," the Shop Owner Magazine six-part series on succession planning, industry veteran Art Blumenthal shares his thoughts on the financial considerations shop owners need to have when deciding to cash in their chips… get relief from stressful day-to-day responsibilities… and enjoy more time with family, traveling, and exploring other options and interests.
Jan/Feb 2018 Issue
When interviewed shortly after the successful sale of his tire and auto service business, Steven Weber exhibited a combination of relief, pride and sheer happiness in the tone of his voice. Over the span of five years in which I worked with him and his wife, their emotions ran the gamut; from initially being nervous, fearful and feeling guilty about selling and leaving long-term employees with a new boss, to concern about how they would spend all their free time once a sale had been accomplished, to contentment and delight in being able to sleep-in for a change without stressing over business matters…
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Nov/Dec 2017 Issue
Just a Handful of Negative Social Media Reviews Can Paint an Inaccurate Picture that Poisons the Sellability of Your Thriving Business — Develop an Action Plan Now to Avoid Scaring Off Buyers Later
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Sep/Oct 2017 Issue
When all the variables of a well-orchestrated sales cycle coincide perfectly, the happy ending is a fitting tribute to a seller’s long career — and a perfect beginning for a new owner.
I sometimes share case studies of the clients I have been able to assist in my role as an aftermarket business broker/consultant and provider of intermediary and advisory services. I do that when I think the story will
provide a reader in similar circumstances with new insights or helpful information. In the case of Green Valley, AZ-based Gasoline Alley…
Jul/Aug 2017 Issue
How a Broker Specializing in the Auto Service Industry Can Help You Maximize Your Shop’s Value by Creating a Specific Marketing Strategy and Package Customized for Your Business.
The decision to sell your business is one of the most important decisions of your lifetime. Turning your operation into cash is a complex matter involving a number of variables, many of them unique to your business and to the auto service industry. Additionally, you may be facing an uncertain economy, unbridled competition and sophisticated buyers…
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May/Jun 2017 Issue
The majority of challenges and frustrations experienced by sellers can be avoided with solid information about the pitfalls of selling a business in today’s market. While there are dozens of challenges to overcome, here are 10 of the most common mistakes that can have drastic repercussions and cause both stress and loss of value on a business sale…
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A Hot Topic Among Shop Owners Considering Their Business Exit Strategies
Mar/Apr 2017 Issue
The topic that generates the most discussion among the hundreds of shop owners with whom I interact each year regards the business succession option of selling to an employee.
All of you, from time to time, have likely had an employee who you thought might be a good candidate for taking over your business…
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…if You are Considering a Sale of Your Business in 2017
Jan/Feb 2017
Jim’s Auto Repair and Tire has been a fixture in a Midwest community for 31 years. Jim is now 64 years old and has agonized about a decision to retire for the past couple of years. The business has enabled him to live a good life despite the ups and downs of the local economy, put his two children through college, and lately spend more time on his hobbies…
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Nov/Dec 2016 Issue
Case Study: Owner of San Francisco-based Import Service Shop Delighted to Discover Just How Valuable His Business is to Qualified Buyers…
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Sep/Oct 2016 Issue
Many auto service shop owners and tire dealers have focused their entire lives on growing and developing their businesses. When life happens — time for retirement, moving on to another career opportunity, family or health issues — a seller can find that a huge gap exists between what they had hoped the business was worth and what a buyer would actually pay for the business…
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Jul/Aug 2016 Issue
Many auto service shop owners and tire dealers have focused their lives on growing and developing their businesses. When life happens — time for retirement, moving on to another career opportunity, family or health issues — a seller can find that a huge gap exists between what they had hoped the business was worth and what a buyer will actually pay for it…
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