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  1. xrac

    xrac

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  2. Joe Marconi

    Joe Marconi

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  3. Grace Automotive

    Grace Automotive

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  4. Old and Tired

    Old and Tired

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Popular Content

Showing content with the highest reputation on 09/27/2021 in all areas

  1. I cannot reveal all the details yet, but I am in contract to sell my last location. The deal is set to take place by the end of the year. I will use this forum to outline my journey the last 41 years in business and the steps I took to exit out of the business. My objective is to share my experience so that others can learn from my ups and downs and also to learn about the importance of an exit plan, no matter how old or young you are. I will give details on how I prepared my business for sale, how I negotiated with different companies, and different people, and how you can get the most for your business when the time comes. Plus many behind the curtain details on how to sell a business- the good, the bad and the ugly. Please feel free to contact me with questions. So stay tuned for more details, week by week! Oh, by the way, I am not going anywhere. I will still be active in the industry, invloved with Auto Shop Owner, continue to work with Bob Cooper and all the great people at Elite as a business coach and trainer, writing articles for Ratchet and Wrench, remain invloved with the Service Stations Dealers of Greater New York and more.
    2 points
  2. Congratulations Joe! I know this is exciting and bittersweet all at the same time.
    2 points
  3. I've decided I want to join a banner program, but I'm having a difficult time deciding which one. My shop is in Tucson Arizona. We (Tucson) are kind of unique in that the parts supplier in town who is usually going to have the part available and reasonably priced is a locally owned franchise called Merles. (not a national chain) They've been around a long time and have market saturation locally that the big boys have always envied. They were recently (within last 2-3 years) purchased by the same conglomerate that owns NAPA, which extends their buying power even further. They give excellent service and pricing, and when our shop was brand new and had no established credit they gave us NET 10th credit terms immediately when everyone else (First Call, Factory Motor Parts, Autozone, Worldpac etc...) wanted us to either pay cash to get established, or guarantee it against mine and my business partner's personal credit. They have a program called Auto Service Experts (I'm not sure if this was a banner program they've always been affiliated with or if it came in with their affiliation with NAPA) However, Advanced Auto Parts recently moved into Tucson and they are wanting our business. They are very competitively priced. They (along with Carquest and Worldpac) are part of the Tech-Net program. The one advantage Tech-Net appears to have over Auto Service Experts is their labor claims. (Auto Service Experts limits you to 3 hours at $75/hour and a limited number of claims each calendar year) Tech-Net current labor reimbursement on labor claims is also $75/hour but they don't have limitations on how many hours per claim (based solely on labor manual flat rate time) or how many claims per year....which could be huge if you get a bad part on a high labor job like an oil pump. However, in order for my customers to be covered on the 36/36 warranty and for me to get the labor claims all parts would have to come from them (Advanced, CarQuest or Worldpac). Merles has been good to me and I value that business relationship. I'm not ready to stop buying from them. However, the tech-net program offered by Advanced Auto Parts appears to be a better overall program than what they offer. My local Advanced Auto Parts branch has given me excellent customer service so far, and is willing to price match. However, they don't always have the part available same day and rather than wait a day for them to bring it down from Phoenix I'd rather just purchase the part from Merles. I saw in a different thread someone talking about Certified Auto Repair banner program offered through First Call. It claimed that the nationwide warranty is good no matter where you buy your parts because it's offered through Certified Auto Repair, not by Firstcall. However, that is a very old post and I'm not sure that information is still valid. Everything I've read on the program that is current seems to suggest you are expected to buy your parts from FirstCall. One option is to join both banner programs and then continue buying my parts on a case by case basis from either Merles or Advanced whichever has the part available immediately at the best price (which is what I'm currently doing) However, I'm not sure I can justify the cost of both programs annually for the overall benefits. Another option is to go ahead and join Tech-Net because it's the better program, and roll the dice on Advance Auto Parts eventually being able to offer me the same level of service that Merles has offered me in the past. The final option is to join the Auto Service Experts program that Merles offers. I'm not really happy with the severe limitations on their labor claims, but in every other way the program is competitive with Tech-Net. Obviously, this is a decision my business partner and I will have to make, and I'm not asking anyone to tell me what I should do. However, if there are other options I'm not aware of (like a true banner program that covers you no matter where you buy your parts) or if anyone has any other input or information on the two programs I'm discussing that I may not be aware of, I'd deeply appreciate it. Thanks in advance.
    1 point
  4. Yes, my wife thinks it will hit me the day after the closing.
    1 point
  5. Joe, if I wasn’t trying to retire I would definitely try to make at least one day. I don’t think it is a good investment for me at the late stage.
    1 point
  6. Why do independent shops always compare ourselves to dealers? Those guys can't hold a candle to a good independent shop. Isn't that why we do a large majority of the repairs and maintenance? We're better than they are at getting to the heart of the problem, caring about our customers and getting things done faster and less expensively. We aren't the ones that need to play catch up. We passed them by decades ago. Stop selling yourselves short!
    1 point


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