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An SBA loan is available to qualified candidates to receive additional funding to start or grow their business. AutoCenter Sales can help you buy or sell an auto shop today!

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If you are an automotive expert looking for a business opportunity, buying an automotive business may be the next step in your career. An auto shop allows you to do what you love while building a business and establishing your reputation as a leader in your community.

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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.

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Everyone has their ideal potential buyer in mind – but there are certain qualities that help buyers succeed. Let’s take a look at 6 characteristics of the perfect buyer (and why they matter):

They’re go-getters

The ideal buyer knows what they want and goes for it. They’re goal-driven and know that running an automotive business is more than just a new adventure. If you’re speaking with buyers who are employees just looking for a new opportunity, they may not be prepared to continue your business’s success.

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New business owner? Grow a successful auto center franchise with these six useful tips.

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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%.

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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.

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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.

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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.

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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.

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