When you choose to partner with AutoCenter Sales, you will be partnered with one of our experienced auto center business brokers who will act as your professional intermediary when it’s time to sell your automotive business or car wash. The majority of our transactions are handled entirely through AutoCenter Sales, meaning we have the knowledge and capabilities to represent both the seller and buyer in each transaction. This typically makes for a more thorough and speedy selling process.
Our Selling Process
The process of selling your automotive business, as well as selling your car wash, is quite complex, therefore we never recommend that business owners try to complete a sale on their own. AutoCenter Sales will handle every aspect of your car wash or auto repair business sale, including:
- Market Responsive Business Evaluation
This is the first and most important step of the process. With our years of experience in facilitating the sale and purchase of Automotive businesses across the nation, we have an intimate knowledge of the market for this specialized field. Some of the many factors that attribute to business values are:
- Sales & Profitability
- Car Counts & Ticket Averages
- Strength of the Brand
- Geographic Area
- Fee Simple Real Estate Value
- Amount and Type of Financing Available
- Preparing your Business for Sale
There are numerous factors that play into the value of your business, beyond direct operation of the business itself. Preparing the business for sale can improve the value of your business, and at the same time, the Buyer’s successfulness. AutoCenter Sales can assist you in:
- Lease Issues
- Franchise Agreement Renewals & Extensions (if franchised)
- Debt Restructuring
- Any Remodel Requirements
- Direct Consultation for Exit Plans
Confidentiality is critical to the success and ease of the transaction. We are sensitive to the fact that employee performance and business success is tied to employee peace of mind and stability. AutoCenter Sales strives to ensure that this stability is maintained during the most critical time of your business ownership.
All prospective buyers are pre-qualified and complete a confidentiality agreement. We discuss confidentiality as a priority with all buyers, stressing the importance to everyone involved.
- Marketing and Advertising
A number of methods are used to market your business for sale; the most important of which is a daily process of AutoCenter Sales. A database of pre-qualified buyers nationwide is maintained and tapped for the sale of your business.
This, in conjunction with trade publications, Internet, and newspaper advertising will be employed with confidentiality and a successful sale in mind.
- Negotiation and Deal Structure
The deal must make sense to everyone involved: buyer, seller, lender, and franchisor. All parties have expectations that need to be met and AutoCenter Sales encourages and assists in the structure of purchase agreements with protections for both buyer and seller alike.
- Securing and Obtaining Financing
AutoCenter Sales has long-standing relationships with many SBA lenders, most major banks, and a number of regional and local banks across the nation. We understand how important financing is, therefore, we strive to assist the buyer of your business with obtaining adequate financing that meets his/her needs and expectations to ensure the transaction is successful.
- Franchisor Relations
If the business is franchised, the franchisor is key to both the operation and the transition of your franchised automotive repair business or car wash. We maintain strong, working relationships with major franchises such as Midas, Big O Tires, CarX, SpeeDee and many more.
The franchisor, in nearly all cases, needs to approve the prospective buyer, and AutoCenter Sales is well aware of the requirements involved and screens each candidate to ensure candidates have the greatest likelihood of success.
- Due Diligence Facilitation
AutoCenter Sales expedites the due diligence process through advanced preparation and assistance in ensuring that all necessary information is presented in a timely and thorough manner.
- Transaction Closing
Our experience helps us eliminate the impediments to closing. For example:
- Obtaining titles, leases, and estoppels
- Delivering updated financials
- Securing franchise agreement extensions and assignments
- Negotiating exclusive development agreements and schedules
It's time to sell.
Selling over 1,700 Automotive Businesses in over 25 years of business, we are the leading automotive business brokerage firm in the nation. Our experienced team of, seller representatives and mergers and acquisitions specialists proudly deliver results and value to clients across the nation from our office in Eden Prairie, Minnesota. If you’re ready to sell your automotive business or car wash, contact one of our AutoCenter Sales representatives today to get the process started.