Posted on 7/16/2018 4:00 AM By Auto Center Sales
Understanding discretionary cash flow is an important part of making the best decision when buying or selling your automotive center. Discretionary cash flow is the amount of money that is left over after all of a company’s expenses have been paid out. The amount that remains can be used to pay out bonuses, pay off debt, pay shareholders, or invest in the business.
Posted on 6/11/2018 4:00 AM By Auto Center Sales
Getting a successful business off the ground takes more than just hard work. Whether you’re starting a new dealership or buying an auto repair shop, having a sound financial footing is crucial to acquiring a new or existing business. Many businesses get their start with the help of various financing options. But before you get in touch with the nearest lender, consider the following best practices for securing financing for your new business.
Posted on 3/5/2018 8:49 AM By Auto Center Sales
New business owner? Grow a successful auto center franchise with these six useful tips.
Posted on 2/12/2018 1:03 PM By Auto Center Sales
According to statistics, the success rate for family-owned businesses isn’t good. In fact, transitioning from first generation to second generation owners, your automotive business has around a 30% rate of continuing successfully. From the second to the third generation, it plummets to a dismal 10%.
Posted on 1/15/2018 1:10 PM By Auto Center Sales
Few things are more disappointing than a business deal that falls through. After hours and hours spent talking and deliberating with potential buyers, you’re left empty-handed.
Posted on 12/11/2017 1:12 PM By Auto Center Sales
How long has your automotive business been open for business? Ten years? A week? No matter how long you’ve been around, having an exit plan is necessary. If you don’t have one in place already, the best way to start is by choosing the perfect advisor team.
Posted on 10/16/2017 1:18 PM By Auto Center Sales
It’s no secret that there are a lot of business brokers out there. Knowing that, it can be a challenge to decide which one is the right fit for you and your sale.
Posted on 6/12/2017 1:45 PM By Auto Center Sales
Are you thinking about selling your automotive business? From agreements to pricing decisions, there are many factors to consider before even starting the process.
Posted on 2/13/2017 2:06 PM By Auto Center Sales
How much did you make last year!? That’s rhetorical… of course, and should be a simple question, but you’d be surprised how many people can’t provide the answer.
Posted on 1/16/2017 2:09 PM By Auto Center Sales
You’ve spent months reviewing different companies and have finally found the perfect acquisition. You know it makes sense, you’ll be able to expand geographically and drive your company sales.