Man Arrested for Leaving Repair Shop without Paying

A customer at Rhodes Auto Repair in Destin, FL, had $487.07 worth of repairs done to his vehicle. He told the co-owner of the business that his brother and mother would stop by later to pay the bill. However, before the bill was paid, he drove off in the vehicle. He was arrested and charged with felony larceny.

Below is the article as it appeared on the Northwest Florida Daily News website.

Man who drives vehicle from repair shop without paying arrested

March 08, 2011

DESTIN — A man who took his vehicle from a repair shop without paying for the repairs was arrested.

The incident began after Eugene K. Hosch’s had $487.07 worth of repairs done on his vehicle by Rhodes Auto Repair, according to the Okaloosa County Sheriff’s Department arrest report.

After the repairs were finished, Hosch came into the business and said his brother and mother would be by later to pay for the repairs, but convinced the business’ co-owner to let him retrieve something from the vehicle, the report stated.

Instead of retrieving the items and leaving the car, Hosch opened the vehicle storage area gate and drove it out of the business without paying.

To read the entire article on the Northwest Florida Daily News website, visit http://www.nwfdailynews.com/news/paying-38201-repair-shop.html.

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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