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Federated Awards Grand Prize to ACDelco TSS Member Magallanes Automotive

Javier Magallanes, a Federated/ACDelco TSS member from Richmond, CA, is a grand prize winner in the 2010 Federated "Surf or Turf Sweepstakes." As the sweepstakes winner, Magallanes will receive his choice of a Triton boat or a Chevy Colorado pickup truck as his prize.
By Shop Owner Staff
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Javier Magallanes, a Federated/ACDelco TSS member from Richmond, CA, is a grand prize winner in the 2010 Federated “Surf or Turf Sweepstakes.”  As the sweepstakes winner, Magallanes will receive his choice of a Triton boat or a Chevy Colorado pickup truck as his prize.

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“We have a great partnership with ACDelco and their TSS members, and we are thrilled for Javier to win this great prize,” said Phil Moore, senior vice president for Federated Auto Parts.  “Whatever prize Javier chooses, I am sure he will get a lifetime of memories from it.  We want to thank all of the ACDelco TSS members who participated in the ‘Surf or Turf Sweepstakes’ for their commitment to Federated and ACDelco.”

Federated is pleased to support the ACDelco Total Service Support (TSS) program that is designed to help service centers grow their businesses, increase profitability and improve overall operating efficiency.

All Federated/ACDelco TSS members in good standing as of October 15, 2010 were automatically eligible to earn a chance to win in the “Surf or Turf Sweepstakes.” Other prizes awarded included Cabela’s gift cards, iPads, Federated diecasts and Nintendo DS Lites.

Federated Auto Parts, headquartered in Staunton, VA, is one of the largest auto parts distribution and marketing organizations in North America.  Federated is dedicated to supporting its customers with quality name brand parts, programs designed to grow their businesses, and experienced counterpeople who are knowledgeable in today’s evolving automotive technology.  For more information, visit www.federatedautoparts.com.

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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.

By Art Blumenthal
Leveraging more than 30 years of experience as both an aftermarket business owner and aftermarket technology executive, Art Blumenthal LLC provides business intermediary and advisory services to both buyers and sellers of industry businesses of all sizes. Art is a member of IBBA (International Business Brokers Association, Inc.). For more information, or to initiate a no-obligation confidential consultation, visit www.art-blumenthal.com.
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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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