Guides for shop owners · Massachusetts and Connecticut
Should I sell my auto repair shop or just close it?
Closing ends the business value overnight. Selling, even at a fair price, usually brings more and keeps your team and customers cared for.
If this sounds like youYou're done, and closing the doors feels easier than finding a buyer.
Your options
What you can do.
OPTION 1
Sell the running shop
Brings the most, and the shop lives on.
OPTION 2
Sell just the building
If the business can't be saved, the property still has value.
OPTION 3
Close and liquidate
Sell equipment and walk away. Usually brings the least.
Before you decide
What to watch for.
- A running shop is worth far more than a closed one.
- Equipment sells for little at auction.
- An empty building can lose its auto zoning.
How Lotus helps
Owner to owner, and it stays private.
Before you close, talk to James. Lotus buys running shops and empty auto buildings, so there's usually a better option than locking the doors.
Talk to JamesQuestions
Quick answers.
Is closing easier than selling?
Faster, but it usually leaves money on the table and leaves your team out of work.
Can I sell a shop that's barely open?
Often yes, especially with the building.
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