When is the right time to sell my auto repair shop?
The best time to sell is usually when the shop is doing well and you still have the energy to help with the handoff. Waiting until you're worn out, or the numbers slip, almost always costs you.
If this sounds like youYou keep second guessing yourself. Sell now? Wait another year? You're afraid of picking the wrong moment.
What you can do.
Sell while numbers are strong
Buyers pay for steady profit.
Sell after a strong busy season
Fresh numbers to show.
Wait a year to fix something
Worth it only if you know exactly what you'd fix.
Sell when your life says so
Health, family and energy count too.
What to watch for.
- Look at your last three years. Are they going up, flat or down?
- Be honest about how much longer you want to do this.
- Remember a sale often takes months, so start before you need it.
Owner to owner, and it stays private.
Lotus buys shops and their buildings across Massachusetts and Connecticut, any time of year. A conversation with James doesn't commit you to anything. It just helps you see your timing clearly.
James StephensonLotus, Massachusetts and Connecticut
Quick answers.
Is there a best season to sell a shop?
Many owners like to sell after a strong stretch so the latest numbers look good.
Should I wait until I'm ready to retire?
Starting early gives you more choices. Waiting until you're exhausted gives you fewer.
Thinking about what comes next for your shop or building?
Reach out and we’ll talk it through. No pressure, and the conversation stays private.
james@lotuspe.us