Hogan Tire & Auto
Turning Adversity into Opportunity
CASE STUDY
Client:
Hogan's Tire & Auto
Industry:
Tire and Auto Retail
Years in Business: 40+ (Since 1915)
Long Time 20 Group Member and ASL Client Since: 2020
Services Utilized:
Profitability Analysis, Process Optimization, Real Estate Advising
Challenge
Negative Net Income
When Hogan Tire & Auto first partnered with Advanced Shop Leadership, they were experiencing a period of stagnant growth in net income. In addition, the income levels were well below ASL set goals.
Multi-Store Complexity
Operating a multi-store chain, they faced challenges in streamlining operations, increasing margins and driving profitability.
Strategy
Profitability Analysis
Conducted a deep dive into the financials, identifying under performing areas and devising actionable plans for improvement.
Process Optimization
Implemented new operational systems to improve efficiency across all departments.
Real Estate Strategy
Provided insights into optimizing the value of their existing real estate assets.
Results
Profit Transformation
Within two years of partnering with ASL, Hogan’s Tire & Auto had substantial growth in net income and achieved double-digits as a percentage of sales.
Successful Exit Strategy
Hogan enjoyed years of increased profitability, which in turn put the company in a desirable position to be acquired. After receiving multiple proposals Hogan’s was able to choose the best fit and was sold in December
2022.
Long-term Real Estate Income
Through strategic planning, they continue to gain long-term income from their real estate holdings.
Testimonial
"Working with Advanced Shop Leadership has been a game-changer. Their insights and guidance made a fast and substantial impact on our business and set us up for long-term success. Highly recommend!"
