Federated Now Accepting Nominations For Shop Of The Year

Federated Auto Parts is now accepting nominations for the 2014 Federated Shop of the Year. The winning shop owner and guest will be awarded a three-night, four-day all-expenses-paid trip to Phoenix as Federated's guest at the 2014 Federated National Meeting, receiving special recognition during the Federated awards banquet.

Federated Auto Parts is now accepting nominations for the 2014 Federated Shop of the Year.

Nominated shops will be evaluated on a set of criteria established by Federated and found on the Shop of the Year nomination form. Shops may be self-nominated or nominated by others. The winning shop owner and guest will be awarded a three-night, four-day all-expenses-paid trip to Phoenix as Federated’s guest at the 2014 Federated National Meeting, receiving special recognition during the Federated awards banquet.

"The response to the Federated Shop of the Year program has been terrific from the start and we are looking forward to selecting our next winner,” said Phil Moore, senior vice president for Federated. "Choosing only one shop is a real challenge since there are so many highly qualified shops around the country. If you know of a shop with knowledgeable, professional service technicians, superior service and repairs that result in very satisfied customers, and active community involvement, that shop could be the next Federated Shop of the Year.”

Last year’s winner, Weathers Motors, Inc. of Media-Lima, PA, was nominated by Federated member Berrodin Auto Supply. As the winning shop owner, Larry Weathers III accepted the award on behalf of Weathers Motors.

“There are worthy shops nationwide and the Federated Shop of the Year program is a wonderful opportunity to recognize the best of the best, like Weathers Motors,” said John Berrodin, president of Berrodin Auto Supply. “I encourage anyone who has experience with a shop that meets the Shop of the Year program criteria to nominate that shop for this prestigious honor.”

For more information or to nominate a shop, visit the Federated Auto Parts website at www.federatedautoparts.com/ShopOfTheYear.aspx.

When Your Shop Is Worth Much More Than You Thought

Although every sale of a shop in which I am involved has its own unique set of circumstances, which makes my job both very interesting and very challenging, Cowden Automotive stands out as particularly memorable because I was able to demonstrate to the long-time owner, Paul Cowden, that his business was worth about three times what he had initially thought.

Case Study: Owner of San Francisco-based Import Service Shop Delighted to Discover Just How Valuable His Business is to Qualified Buyers
I sometimes share case studies of the clients I have been able to assist in my role as an aftermarket business broker and provider of intermediary and advisory services. I do that when I think the story will provide a reader in similar circumstances with new insights or helpful information.
In the case of Cowden Automotive, Inc., I acted in a consulting capacity assisting the owner and his broker in valuing the business, creating a marketing plan, finding a qualified buyer, and arranging financing for the sale.
Although every sale of a shop in which I am involved has its own unique set of circumstances, which makes my job both very interesting and very challenging, Cowden Automotive stands out as particularly memorable because I was able to demonstrate to the long-time owner, Paul Cowden, that his business was worth about three times what he had initially thought.
Needless to say, delivering that kind of good news to a shop owner is a rewarding experience. Discovering that the sale of his business would result in his retirement nest-egg being substantially larger than he had ever thought was a fitting tribute to someone who had spent his entire working career as a busy automotive service shop owner.

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