by Carrie Stacey | Jun 16, 2023 | Business Plans, Investment, Wealth
In this ever-evolving industry, dealerships face unique challenges and opportunities. As market conditions change, business owners often contemplate their long-term strategies. While some may consider a complete exit from the industry, others prefer to maintain...
by Carrie Stacey | Jan 26, 2023 | Business, Investment
There’s no doubt about it, with the economy being turned on its head, price points and consumer behavior is shifting, and purchases of dealerships are seeing changes as well. But what’s happening? The feds have been steadily increasing interest rates over the last few...
by Carrie Stacey | Sep 28, 2022 | Business, Investment
We’ve all considered it; selling on your own seems like the simplest, most profitable way to handle any sort of business acquisition. Sure, you could do it yourself, but have you thought about the time, effort, and overall headache you might face when dealing with...
by Carrie Stacey | Sep 9, 2022 | Business, Investment
The word on the street is that multiples have changed. Multiples have not changed! So what has changed? Now, buyers are using pre-Covid profits to estimate future profits. The multiple isn’t changing, but expected future profits have changed. When buyers use lower...
by Carrie Stacey | Jul 28, 2022 | Business, Investment
If I had a dollar for every time I’ve been asked, “What’s the multiple?” I’d be rich! When a business owner asks what’s the multiple, the real question is: what’s the multiple for HIS/HER business? And every one is different. Is the multiple for Microsoft the same...
by Carrie Stacey | Feb 10, 2022 | Investment
What will your future self think of how you spent this enforced down-time? Make the best use you can of this time. Review those reports – identify the movers and the slugs, get that painting done, clean!, COUNT everything! Be sure your system is accurate with...
