Tracy and Joe Greenwood are a dynamic duo and were excited at the opportunity to purchase Martin’s Service and Sales. With Tracy’s business skills and Joe’s mechanical skills, they hoped to win over Martin’s regulars and grow the decades-old business to its full capacity in 2022. Maine SBDC at CEI Business Advisor Alison Lane came into the fold to help traverse the transition and clean up the financials under new ownership.
While Alison and Tracy worked together to navigate the interpersonal, operational, and marketing elements to transferring the business to new ownership, the real bread and butter of their work together was in calculating cash flow projections. During this collaboration, Alison provided essential guidance throughout the business purchase and planning process.
With Alison’s keen insights and savvy cash projection expertise, her guidance helped Tracy and Joe to make solid planning decisions. Alison and Tracy worked at length to establish monthly costs and sales estimates, so Tracy and Joe could start their ownership off on the right foot. This quantified business guidance lead to smart business decision-making as they completed their purchase of Martin’s and launched into their first year of ownership and operations. Alison’s ongoing guidance continues to assist the Greenwood’s in the growth of the business in the most appropriate and lucrative directions.
Martin’s Service and Sales has been serving the Andover Community for decades, and the business will continue to offer supreme customer service and quality work. With a clear plan for managing their resources and taking care of their customers, the Greenwoods intend to grow good jobs in the area by expanding their team. In addition to general repairs, tire sales and services, brake jobs, and oil changes, they now offer State Inspections. Alison and Tracy continue to collaborate to ensure that Martin’s grows and expands sustainably as they install 3rd car lift, an alignment machine, expand their retail sales offerings and enhance their employee benefits! For more information, visit their website, Facebook page or contact them at (207) 392-1219.