The good news for shops that want to sell but do not fit a consolidator’s
profile is that there is a fresh pool of new buyers.
Wouldn’t it be great to be able to quickly review your financials and know where you’re winning and losing so you can fix the problem immediately?
Micki Woods interviews Laura Gay of Consolidation Coach on the current state of auto body shop consolidation.
At mid-year, most consolidators — with the exception of a few — are full steam ahead with acquisitions.
Knowing your fixed costs and breakeven point up front may be the difference in making money in a month or not.
The bull market of consolidation is expected to continue in 2023 even amidst high inflation, rising interest rates and other challenges.
The Service King-Crash Champions merger is a great indicator that financial interest in the collision industry remains strong.
The time for independent collision repairers to put the brakes on the bus, grab the bull by the horns and implement procedures to obtain labor and material rate increases is right now.
An atmosphere of competition, plenty of buyers and the ability to align with a like-minded partner and getting an equitable price has made it an opportune time to sell.
How do you see the consolidation landscape moving forward, factoring in the aging baby boomer generation, shop owners getting near retirement, the impact of COVID and the rise of corporate-sponsored body shops?
From relaxing to starting other businesses, these former shop owners are finding that life doesn’t have to end after collision.