Federated To Hold National Membership Meeting In Phoenix

Federated Auto Parts will hold its annual national membership meeting April 25-28 at the Arizona Grand Resort in Phoenix.

“Our annual national meeting is the perfect opportunity for our members to meet as a group and discuss the issues that are important for their individual businesses and for Federated as a whole,” said Rusty Bishop, CEO of Federated Auto Parts. “We plan to update our members on major Federated initiatives, such as the Enhanced Supply Chain program and our Co-man warehouse expansion, which will help improve overall operating efficiency and profitability.”

Federated members will attend meetings on a variety of topics including marketing, technology and inventory management as well as receive updates from select manufacturers on their latest product offerings. New suppliers will be provided an opportunity to make presentations to the Federated membership. In addition, meetings will be held with various Federated councils such as Co-man, technology and the Board of Governors. Federated members will also have the opportunity to meet with suppliers for one-on-one discussions.

As part of the event activities, Federated will host its annual awards dinner on April 26 where Federated members and vendors will be honored with such prestigious awards as Outstanding Vendor of the Year and the Art Fisher Memorial Membership Award.

“The primary goal of our national meeting is to make the Federated business foundation stronger through enhanced customer support and the use of Federated programs,” continued Bishop. “Even with such a jam-packed schedule, we will make sure there is time for members to interact and communicate with each other, sharing success stories and best practices. We are looking forward to a great meeting in Phoenix.”

For more information, visit www.federatedautoparts.com.

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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