Withum’s Dealership Services Team specializes in comprehensive consulting for dealerships. We ensure dealers comply with regulations, tax laws, and more. Our seasoned experts guide dealers through buy/sell transactions, due diligence, applications, and closing processes. Additionally, our valuation experts help dealers assess their true worth for expansion or exit strategies.
When Settlement Time Arrives: Our meticulous approach ensures a smooth transition. We create a comprehensive statement and develop a detailed spreadsheet that meticulously lists every asset and liability. During the final negotiations, we stand by your side, guiding both buyers and sellers. But our support extends beyond the negotiation table. Post-sale, count on us to handle office managerial tasks, assist with tax filing, provide staffing support, and act as that extra controller you may need. We connect the dots to ensure a seamless transition before, during, and after the sale.
At Withum, we conduct thorough due diligence to ensure our clients have a comprehensive understanding of a dealership’s financial position before finalizing any deals. From the buyer’s standpoint, it is critical to assess the dealership’s cash flow, earnings, and potential liabilities. This assessment allows buyers to make informed decisions and understand the risks associated with the acquisition.
At Withum, we understand that completing dealer application forms can be a time-consuming process. Our dedicated team is here to handle all the necessary legwork involved in these detailed applications. From project management to meticulously creating spreadsheets that outline manufacturer requirements, bios, and marketing plans, we ensure that every aspect is covered. Our goal is to make the process as smooth as possible, guaranteeing a painless transaction for all parties involved.
Closing on a new dealership as either the buyer or the seller is extremely stressful, and no matter how well you prepare, nothing is completely hammered out prior to sitting at the closing table. On closing day, we are right beside our clients, ensuring they receive the fairest deal on every line item. With extensive experience representing numerous buyers and sellers with dealerships of all sizes, we’re adept at identifying and addressing issues that are often overlooked. We work closely with our client’s attorney and broker to ensure the best outcome.
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