Wednesday, February 14, 2018

Small Business Success Story - Quality Auto Care of Cazenovia

Each year the New York Small Business Development Center recognizes outstanding small businesses in a variety of ways.  This Success Story from the  Onondaga SBDC appears in our 2016 Annual Report

Jeremy Stedman 
Quality Auto Care of Cazenovia
Onondaga SBDC

Jeremy Stedman was studying Automotive Technology at Morrisville State College when he got an internship at Quality Auto Care of Cazenovia. Owner Lyle Regan took Jeremy under his wing and eventually the internship turned into a permanent position. Lyle realized that Jeremy had something others did not - he was driven, had motivation, and had determination. 
When Lyle decided to retire he offered to sell his successful business to Jeremy. After many of drafts of the business plan and financial projections with SBDC Advisor Melissa Zomro, Jeremy was ready to apply to a lender. He eventually found a private investor that loaned him the capital to purchase the business. He then made arrangements with the former owner to do a lease-to-own for the properties which included the business building, apartment rentals, and storage rentals on just over two acres in Cazenovia. The total investment over the course of three years will be $620,000. Jeremy started with seven employees he retained through the transition and has since added another employee with hopes to add more in the future. 
The owner and staff of Quality Auto Care of Cazenovia pride themselves on providing honest, personalized service to vehicle owners. They ensure a clean and professional facility, which enhances their appeal to the elderly, mothers with children, and professionals within the area. The community has embraced Jeremy as the new owner of this fine establishment and the business continues to grow its client base throughout Cazenovia and the surrounding areas. 

1 comment:

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