[Healeys] Moss Motors merger

[Bob Spidell]

I'm generally not in favor of private money snarfing up independent 
businesses, larding them up with debt--dunno if that's the case here, 
but these guys like to use OPM--laying off staff, taking a big cut then 
pawning the remains off to 'the greater fool(s)' (see: rural hospital 
systems). I have a personal experience: I went to the same optometrist 
for over 30 years, then he sold out to one of these; a relatively small 
one, like this appears to be. He was a 'car guy,' into VW vans, and we'd 
trade articles off-hours and he always seemed to give me a little extra 
attention (at times, his staff would have to pull him out of our 
conversations). After he was acquired, he seemed harried and I felt the 
staff was really trying to expedite all appointments; I suspect--but 
don't know for a fact--he was on a some sort of quota or mandatory 
revenue system. I've heard lots of similar stories and I can't think of 
any where a product or service has been improved after the money boys 
took over. Anybody?

OTOH, this is a small, specialty business, and it may be the only way 
some of them can survive at all. Time will tell.

Bob


On 6/20/2024 9:11 AM, richard mayor wrote:
> Just saw this article in the latest issue of Hemmings.
>
>
> Scan 9.jpeg
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>
>
> Richard Mayor
> boyracer466 at gmail.com
>
>
>
>
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