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 11/13/2017 1:15 PM By Auto Center Sales
Whether or not you’re intending to sell your automotive business in the near future, it’s important to have an exit plan in place. Having an exit plan gives your business a cushion should anything unanticipated arise and gives you active control over your business goals rather than a passive day-by-day plan.
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 9/11/2017 1:20 PM By Auto Center Sales
Some business owners see the sale of their business like one would when they win the lottery. They have dreams of a number they’d sell for and plan how they’d spend their winnings.
Posted on 8/14/2017 1:29 PM By Auto Center Sales
If you didn’t already know, EBITDA calculates a company’s financial health by looking at its earnings before interest, taxes depreciation and amortization.
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 5/15/2017 1:48 PM By Auto Center Sales
Have you thought about selling your automotive business? Most business owners are tempted to hang on to their business so they can withdraw more dividends these days.
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.