What Happened to Sears Auto Centers?
Two Former Sears Executives Look Back on Chain’s Decline
Reinventing your tire distribution business
The family-owned wholesale tire distributorships in the U.S. is a competitive, low-margin business. Most relationships between distributors and retailers don’t include long-term contracts. The only real differentiator for new players entering the market is price. Giorgio Andonian talks about what you need to do to stand out in these conditions.
Fix It First or Don’t Bother – Which is Best
“If the Margins, Rents and EBITDA Look to Be In Line, Then We Are Good to Go” Continue reading what Michael McGregor means by that.
How to Sell Your Automotive Distribution Business—An Insider’s Perspective
The importance of finding the right team to market your business throughout the M&A process is extremely important. In this blog Cole Strandberg discuss how selling your business can often be a once-in-a-lifetime opportunity, so when that opportunity comes make sure it’s executed properly.
Mobile Tire Service Can Be a Powerful Value-Add for Dealers
Michael McGregor breaks down the benefits he sees in mobile tire installation. He says the pioneers in the space seem to have a lot of mutual respect for each other and are sharing ideas as they build this industry segment. But they're also doing it their own way.
Navigating Common Legal Issues in an M&A Transaction
Learn why the lawyer you use and decisions you make are critical to a successful M&A transaction.
Meet the Dealmaker: Monro’s Joe Tomarchio
Monro's Joe Tomarchio says, "The one overwhelming thing I see is that tire dealers don't collect for the value of their service, their convenience and their trustworthiness. They just don't charge enough."
Want to increase your company’s value? Build your brand equity
If you want to increase the value of your online automotive company make yourself invaluable to your customers. You’ll also have some fun along the way.
Selling Your Collision Repair Business? Calm the Fears of Employees Worried About Their Future.
When the owner of a collision repair business is interested in selling their company, questions related to employees often come up. When do I tell my employees about the sale? How do I deal with rumors? How do I alleviate their fears about what the sale means regarding their job security, seniority or other changes?
How to Make Your Most Valuable Asset Even More Valuable
What is the most valuable asset of your business? The correct answer is: the people you employ.
