THA 052: Lessons I Learned When I Sold My Shop - a podcast by Carm Capriotto, AAP

from 2018-01-31T04:23:49

:: ::





 


Your Learning Curve Never Sounded So Good!


Helping automotive aftermarket professionals improve; one lesson at a time.




Learn from your industry peers in a round-table forum. Get new ideas, perspectives, trends, insights, best practices and expertise from aftermarket professionals.





Watch like a DOCUMENTARY … Learn like a SEMINAR.


The Academy Panel:



  • Margie van Lierop sold the business Beach Cities Garage in Laguna Hills, CA  in mid-September 2017.  She is now a Business Consultant and Free-Lance Writer, Business Consultant for Bogi Lateiner, a ghostwriter for several automotive related websites and will vacation throughout Europe – May, June, and July. Margie’s previous episode HERE.

  • Scott ‘Gonzo’ Weaver sold his business Superior Auto Electric in Tulsa, OK, in 2017. He had the shop for sale for a while, but a medical condition accelerated his move as he had to mothball the shop while he recovered. Scott continues to write for magazines and automotive publications. He is remodeling his home and teaching student the automotive trade. Listen to Gonzo’s previous episodes HERE.

  • Dave Winters formerly of Swedish Automotive in Seatle, WA, sold his shop in 2017. He and his wife recently purchased a new home and moved 50 miles from their previous house to the Olympus peninsula in Washington. He has plans to travel in a motorhome and walk the dog whenever he wants.



Talking Points:



  • You must have a clean and transparent Profit and Loss statement.

    • It may take a few years to clean the P & L and you may have tax consequences.




  • Use your accountant and lawyer to support your move to sell your business.