Guides for shop owners · Massachusetts and Connecticut
How do I get my auto repair shop ready to sell?
A little preparation can make your shop easier to sell and worth more. Most of it is paperwork and a bit of cleanup.
If this sounds like youYou might sell in the next year or two and want to get the most for it.
Your options
What you can do.
OPTION 1
Clean books
Three years of profit and loss and tax returns.
OPTION 2
Lighten your load
A shop that runs without you every day is worth more.
OPTION 3
Tidy the building
Fix the obvious things buyers will notice.
Before you decide
What to watch for.
- Don't make big changes right before selling.
- Keep your team steady.
- Know your equipment list and its age.
How Lotus helps
Owner to owner, and it stays private.
Thinking about selling in a year or two? Talk to James now. He coached shop owners for a decade and can tell you what will matter to a buyer.
Talk to JamesQuestions
Quick answers.
What paperwork do buyers want?
Profit and loss statements, tax returns, a list of equipment and the building's deed and leases.
How early should I start?
One to two years before you want to sell.
Keep reading
Say hello
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