Why your shop might not be worth what you think

Just because you’ve run your shop for 20 years doesn’t mean it’s worth a million bucks, a shop coach emphasized to a room full of shop owners.

The problem, explained Bryan Stasch, vice president of program and content development at the Automotive Training Institute, during last year’s Midwest Auto Care Alliance Hi-Tech Training & Expo, is that a shop owner doesn’t understand their own financials.

“Now, a profitable business should sell quick. Problem is, the value of the...