Client:
Ralph's Tire Pros
Industry:
Tire and Auto Retail
Years in Business: 20+ (Family Business)
Long Time 20 Group Member and ASL Client Since: 2021
Services Utilized:
Cultural Redesign, Financial Planning, Sales Strategy
Ralph's Tire Pros Owner purchased his 20+ year family business and found himself in a tight spot with negative net profit.
Ralph’s was more than 90 days behind on bills and grappling with revolving credit card debt.
A poor company culture was causing a high rate of employee turnover.
Despite a long history, the business was experiencing low sales volumes.
Immediate action was taken to manage debts and restructure finances.
Implemented cultural training and team-building exercises to foster a more supportive work environment.
Introduced auto repair services to diversify income and increase sales volume.
Ralph's Tire Pros immediately saw an increase in sales volume due to the addition of repair services.
The culture inside the store was revitalized, resulting in minimal to almost no turnover in a short period of time.
By the end of the first year, they were not only current on all bills but also reduced their revolving debt to manageable levels. Furthermore, they achieved a double-digit net profit.
"Our journey with Advanced Shop Leadership has been transformative. They helped us turn our business around, from a troubled enterprise to a flourishing one. Their expertise in culture and financial planning is second to none."
Thank you for contacting Advanced Shop Leadership. We are looking forward to speaking with you and will get back to you as soon as possible.
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