AutoCenter SalesFAQs

Frequently Asked Questions

How long will it take to sell my business?

It can vary, but typically it takes 6-12 months and is highly dependent upon the motivation of the parties, including any lenders that may be involved.

How do you find a buyer?

Most often it is through our existing network of clients. Having been in this business for many years, we have a large database of potential purchasers. We also have good relationships with lenders, franchisors, landlords and clients. We do some web advertising, and we frequently update our website in order to stay current. Finally, we will do print advertising when the situation warrants. We are always careful, however, to not provide a lot of information in print, as confidentiality remains an important part of what we do.

Why do people sell their businesses?

More often than not many feel it’s just time to try something new. Other times it’s retirement, or a new career that they have often wanted to try (or return to). Owning and operating a business isn’t for everyone. Surprisingly, it is seldom an economic decision. If a business isn’t making any money, it typically cannot be sold, so the buyer’s worry is typically unfounded.

Are there lenders that will help with a business purchase?

Yes, there are many lenders that will be interested in financing a business purchase. It is very important, however, to pick the “right” lender. Depending on the size of the transaction, whether or not there is real estate included, if it is a franchise, and loan size (debt to equity ratios) all have a part in picking the “right” lender.

Can I operate this business absentee?

We would never recommend that a retail business be operated “absentee.” There are just too many variables that could cause problems. That is not to say that you would need to be present 50 hours a week, just that you should be available to supervise and oversee the activities of your employees.

Let Our Clients Speak for Us!

Check out the ACS reviews left by our clientele.

Mike has been instrumental in helping me successfully complete 4 transactions (both buying and selling) over the last 15 years. His expertise in getting deals done is second to none. If you are contemplating a transaction in the auto service sector I can unconditionally recommend Mike and his team.

Bill D.

Over my over fifty year career, I have had the privilege of working with many other brokers, but I have to say that I have not worked with a more professional and diligent person. Joe handled every aspect and obstacle that presented itself throughout the sales process as a consummate professional.

Tim E.

Jason was a huge help with my transaction! As a first time buyer, I had a lot of extra questions and concerns and Jason was fantastic in answering my questions as well as explaining everything in detail. On top of that, he communicated everything in an effective manner and I never once felt like I was in the dark. I will only use Jason for everything transaction moving forward and would recommend him to anyone looking to get into the automotive business.