Auto Dealer Monthly, Q4 2020
PHOTO GETTYIMAGES COM A DIGIT I If you are an owner contemplating selling one or more of your stores there are several steps you should take first before you even pick up the phone to call a broker Being prepared will ultimately make the transaction smoother By Juan C Pena CPA CGMA 14 auto dealer today Q4 2020 D e a l e r O p s Sell Your Dealership Get Ready to With proper planning and having the right professional team in place selling your dealership can be a smooth transaction for all parties involved The first phone call should be to your manufacturers representative Discussing the intention to sell with your manufacturer will make the dialog easier before a potential buyer is even found Among the things that need to be discussed with your manufacturer include understanding the manufacturers requirements to accept a potential buyer as a franchisee as well as the steps in the approval process and the timing for example due to the holidays getting a transaction approved late in the year is very difficult Its not unusual for
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