Federated Customer Dave Cook Receives ‘Surf or Turf Sweepstakes’ Grand Prize

Residents of Middlesex, PA, should not be surprised to see Federated customer Dave Cook, owner of Middlesex-based Dave's Towing, driving a brand new truck instead of one of his trusted tow trucks. That's because Cook is driving the new Chevy Colorado truck he won as the grand prize winner of the Federated "Surf or Turf Sweepstakes."

Residents of Middlesex, PA, should not be surprised to see Federated customer Dave Cook, owner of Middlesex-based Dave’s Towing, driving a brand new truck instead of one of his trusted tow trucks. That’s because Cook is driving the new Chevy Colorado truck he won as the grand prize winner of the Federated “Surf or Turf Sweepstakes.”

(L to R): Meredith Marburger, Dave Cook, Cliff Hovis and George Swooger.

“It was a great day at our place last month when Dave came in to pick up his new truck,” said Federated member Cliff Hovis, president of Hovis Auto and Truck Supply, Inc. “Dave is a great customer and we are thrilled that he won this fantastic prize. All of our Car Care Center customers enjoyed being a part of this sweepstakes and they look forward each year to see what new and exciting prizes will be offered in the Federated Car Care Sweepstakes.”

Cook had the choice of the truck or a Triton boat as his grand prize in the “Surf or Turf Sweepstakes.” All Federated Car Care Center members in good standing as of October 15, 2010 were automatically eligible to earn a chance to win one of hundreds of prizes which also included Cabela’s gift cards, iPads, Federated diecasts and Nintendo DS Lites.

“This was another great Federated Car Care Sweepstakes,” said Phil Moore, senior vice president of Federated Auto Parts. “We are very happy for Dave and wish him many miles of great driving. Our annual sweepstakes is a terrific way to thank all of our Car Care Center members who do such a wonderful job providing quality service and parts to their customers.”

About Federated
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.

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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