Selling an auto shop on the South Shore: where do I start?
The first step is smaller than you think. You don't need a broker, a lawyer or a price yet. You need a clear picture of what you have and what you want next.
If this sounds like youYou've thought about selling for a while, but every time you start, it feels like too much. You don't even know what the first step is.
What you can do.
Start with your own numbers
Pull three years of profit and loss so you can see what a buyer will see.
Get the building looked at
If you own it, know what it's worth on its own.
Talk to one buyer
A private talk teaches you more than a month of reading.
Bring in your CPA and lawyer
Do this once you're getting serious, not before you've decided anything.
What to watch for.
- Don't let the size of the job stop you from taking the first step.
- Write down what you want your life to look like after the sale.
- Keep it quiet until you know what you want.
Owner to owner, and it stays private.
Lotus buys shops on the South Shore and across Massachusetts and Connecticut, with the building if you own it. We keep the team and the name. If you want a simple first step, talk with James.
James StephensonLotus, Massachusetts and Connecticut
Quick answers.
Do I need a broker to start?
No. Many owners start by talking to a buyer directly and decide later if they want help.
How long will this take?
Often a few months from first talk to closing, sometimes longer if the building needs work or paperwork.
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