Your Dealer Solution

          My name is Bob Remy and I was a successful Ford dealer in Southern California for 12 years.  Because of poor auto sales, the economy, tight credit, facility age and location I found it necessary to close my dealership.  I had no idea how expensive, time consuming or the legal responsibilities I faced with over 100 employees.  When I performed the liquidation spreadsheet analysis for the first time I was shocked at the cash that was required to close the store even after all assets were considered.

          Through the closing process I found strategies to greatly reduce my liabilities and increase the value of my assets, most of these are usable at your location and franchise.  My goal was to retain as much cash as possible so I could pay the stores obligations and remain in control of the closing.  The following are some of the major areas that need a Game Plan:

     *   Managing employee concerns and expectation

          -   Understanding the WARN act

     *   Orderly (as possible) curtailment of operations 

     *   Disposal of inventories

          -   Strategic alliances

          -   Vehicles not returnable to the factory, previous model years, demos and unwinds

          -   Maximizing the parts return

     *   Sale of assets

     *   Cash management

     *   Store closing

          -   Needed Personnel and expenses after operations cease

          -   State & federal releases

          -   Environmental clean-up and release

     *   Factory relations and timing

     *   Captive finance/Lender obligations

         I am not an accountant but a dealer that has been through closing a store.  I saved myself over $1,200,000 during the shutdown of my store; you can save yourself considerable money with the right Game Plan.  I have a free Liquidation Spreadsheet so you can enter the numbers for your store and have a good sense of the cash requirements for your dealership, click the e-mail link below and request the spreadsheet and I will be happy to send you a copy.

          If you would like to find out more about my services, fax your spreadsheet to my confidential fax (562) 252-0229 with your contact information, or call or e-mail me.  If your store is anything like mine you owe it to yourself to work with someone that has a Game Plan to maximize your assets and minimize the expenses, there's only one chance to get this right.

Sincerely,

Bob Remy

Request Liquidation Spreadsheet

Bob,

"Thank you for sharing your insights and usable methods for closing a dealership with the least amount of pain.  Many of my friends are in need of a compass to guide them through the stages of the process.  I found your spreadsheet pratical and easy to use for the exiting dealer."

Jim Ziegler

Dealer Magazine August 2009

 
Contact Information

Bob Remy

(562) 716-2848

(562) 252-0229 fax

bobremy@yahoo.com