Rolling Up EBITDA and Rents with Auto Repair Shops
06/03/24 • 116 min
Register here for the webinar, The DO's & DON'Ts of the LOI (legal office hours)
Stephen Quindlen & Paul Westhart have found powerful multipliers that could yield huge returns in an unlikely industry.
Topics in Stephen and Paul’s interview:
- Acquiring auto repair shops
- Retaining talent by adding employee benefits
- Fleet vs. passenger car business
- Almost losing a foreman on day one
- Why they love the Mountain West
- Recruiting California workers to Idaho
- Innovative real estate and business acquisition strategy
- Offering quality service and strong warranties
- Executing the SBA 504’s Green Loan strategy
- Limitations of the SBA 7(a) loan for roll-ups
References and how to contact Stephen and Paul:
- Stephen Quindlen - LinkedIn
- Paul Westhart - LinkedIn
- [email protected]
- [email protected]
- Blue Wrench
Smithlist is a new job board for leadership roles at small businesses. If you're not ready to buy a business but want to lead one:
Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:
Get complimentary due diligence on your acquisition's insurance & benefits program:
Register for the Self-Funded Search Conference, September 13th - 15th in Dallas:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Register here for the webinar, The DO's & DON'Ts of the LOI (legal office hours)
Stephen Quindlen & Paul Westhart have found powerful multipliers that could yield huge returns in an unlikely industry.
Topics in Stephen and Paul’s interview:
- Acquiring auto repair shops
- Retaining talent by adding employee benefits
- Fleet vs. passenger car business
- Almost losing a foreman on day one
- Why they love the Mountain West
- Recruiting California workers to Idaho
- Innovative real estate and business acquisition strategy
- Offering quality service and strong warranties
- Executing the SBA 504’s Green Loan strategy
- Limitations of the SBA 7(a) loan for roll-ups
References and how to contact Stephen and Paul:
- Stephen Quindlen - LinkedIn
- Paul Westhart - LinkedIn
- [email protected]
- [email protected]
- Blue Wrench
Smithlist is a new job board for leadership roles at small businesses. If you're not ready to buy a business but want to lead one:
Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:
Get complimentary due diligence on your acquisition's insurance & benefits program:
Register for the Self-Funded Search Conference, September 13th - 15th in Dallas:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Previous Episode
3 Years Later, Climbing Out of the J Curve
Matt Drndak bought a parts business with a plan to grow it. It worked — he's doubled earnings. But it's taken patience.
Topics in Matt’s interview:
- Losing everything in the Great Recession
- His experience in franchises
- Buying an online store for construction equipment parts
- Leveraging service to stand out from competitors
- Determining the value of the inventory
- Serving customers with low computer literacy
- Non-mechanic buying a mechanical parts business
- Capturing the seller’s technical knowledge in YouTube videos
- Doubling revenue in 3 years
- Implementing EOS for future success
References and how to contact Matt:
Smithlist is a new job board for leadership roles at small businesses. If you're not ready to buy a business but want to lead one:
Get a complementary pre-acquisition HR & PEO review for your target business:
- Contact [email protected] or visit Aspen HR
Learn more about Walker Deibel's done-with-you buy-side advisory:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Next Episode
Buying a Bankrupt 117-Year-Old Manufacturer
Register here for the webinar, The DO's & DON'Ts of the LOI (legal office hours)
Despite having no experience in manufacturing, Jens Grudno jumped when he heard about a failing straight-razor business.
Topics in Jens’s interview:
- Buying a bankrupt razor manufacturer
- Embracing risk in German business culture
- Cleaning out and moving a 116-year old business
- Another company poaching their clients
- Pitfalls to avoid when buying a business
- Developing a new, innovative product
- Operating a company six hours from home
- Comparing start-ups to acquisition
- Value of going where there's less competition
- The craft of manufacturing
References and how to contact Jens:
Smithlist is a new job board for leadership roles at small businesses. If you're not ready to buy a business but want to lead one:
Register for the Self-Funded Search Conference, September 13th - 15th in Dallas:
Learn more about Walker Deibel's done-with-you buy-side advisory:
Get a complementary pre-acquisition HR & PEO review for your target business:
- Contact [email protected] or visit Aspen HR
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
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