Classic Auto Body is the proud recipient of the SBDC at William Paterson University 2014 Success Award
President and Owner Mario Tommolillo was committed to growing Classic Auto Body in 2013. Mario turned to the New Jersey Small Business Development Center (SBDC) to assist his vision to expand. The SBDC assisted the business in identifying potential revenue and financial projections to apply for a bank loan to fund the expansion, which included purchasing a neighboring building.
The SBDC recommended Mario work with William Paterson University’s Business School allowing honor students to analyze the business and develop a business plan with recommendations for navigating the expansion effort successfully. The shop utilized several action items from the business plan, hired a full-time employee and two part-time employees, and increased their annual revenue by 5% over the previous year.