Why are private equity groups calling about my auto shop?
Investment groups have been buying repair shops because steady, well run shops are valuable. Some keep shops as they are. Others combine them into larger brands. The calls mean your shop is worth something.
If this sounds like youYour phone keeps ringing with people who want to buy your shop. You're curious, but you don't trust them.
What you can do.
Talk to a large group
May pay well, but the shop may change a lot.
Talk to a family owned buyer
Often slower to change things.
Talk to a local owner
Keeps it close to home.
Ignore the calls
You can, but at least know what your shop is worth.
What to watch for.
- Ask every caller how long they plan to own the shop.
- Ask what happens to your name, your team and your customers.
- Don't share numbers until you've met in person.
Owner to owner, and it stays private.
Lotus is a family owned company, not a big fund. James and Nicole buy shops and their buildings in Massachusetts and Connecticut and run them for the long haul. We keep the team and the name. Talk with James, owner to owner.
James StephensonLotus, Massachusetts and Connecticut
Quick answers.
Is private equity bad for my shop?
Not always. Ask how they've run other shops they bought.
What's different about Lotus?
We're a family company that runs every shop ourselves and plans to keep them.
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