Top 5 Stories of the Week
A recap of the top five stories on bodyshopbusiness.com during the week of Oct. 31.
Planning a Buyout of Your Auto Body Shop
You’re looking to retire and your partner wants to buy you out.
What is the first step in this planning process?
23 Mile Collision: The Young and the Restless
22-year-old Daniel Sumner has big dreams for his dad’s shop.
Focus Advisors: Dealer Body Shops Should Step Up or Step Back
M&A firm says dealers should step up, invest and perform at the level of consolidators and MSOs, or step back and realize improved operational and financial benefits by selling their shops.
AASP/NJ to Hold Open Discussion Town Hall Meeting
The meeting will be held on May 19 at 6 p.m. at the Holiday Inn in Clark, N.J., and discuss labor rates, parts issues, insurer conduct and more.
Collision Leaders Weigh In On Pressing Industry Issues
The investment banking team at Focus Advisors recently sat down with some key industry leaders and posed several provocative questions about pressing issues
Insurer Negotiations: Don’t Keep Your Customers in the Dark
Consumers are all too often kept in the dark and made unaware of the ugliness of “negotiations” between repairers and insurers.
Focus Advisors: Conflicting Forces Impacting Collision Repair
The M&A advisory firm says headwinds are hitting almost everyone in the industry, the most significant one being the tech shortage.
Bill’s Auto Body: Owner Drives Toward $1 Million in Early 30s
When Bill Shaheen began his career working at a local collision shop, he took steps to build his own business by doing side work out of his home garage, which eventually led to opening Bill Shaheen Auto Body in Carbondale, Pa.
The New Normal: Full Recovery or Pricing Reset?
Collision repairers will continue to see their pricing affected as the new normal takes shape – and those who don’t react and respond in a timely manner will sustain losses they may never recover from.
