Nancy Phillips Associates has been successfully serving auto dealers for over 25 years with great professionalism, the highest level of trustworthiness and a concise personalized plan for your particular dealership situation. We base our reputation on our ability to determine and facilitate a dealership exit strategy for you that is far more effective and financially beneficial than what you will receive without the employment of our services.
Comprehensive services include:
- Determination of the exit strategy that will provide the best financial return for you
- Accurate evaluation of your franchise and dealership location based on today's market conditions
- Liaison with franchisor for consolidation or market realignment
- Disposition of automotive real estate for alternative use
- Facilitation of all aspects of dealership closure
- Referral to the right automotive legal counsel and automotive accounting firm with extensive experience in dealership transactions and with distressed dealerships
OUR SERVICES ADDRESS YOUR ISSUES:
Outright Sale
Selling an automobile dealership is a very complex and time consuming endeavor that begins with an accurate determination of value, procurement of the right qualified purchaser, preparation of critically important legal documentation, management and facilitation of the franchise approval process and co-ordination of one of the most important days in your business life is the day of the dealership closing.
Consolidation
A current dealership evaluation sets the foundation for the value you should expect to receive or pay for the consolidation of your franchise with another.
Market Re-alignment
Understanding the value of your franchise in relation to the creation of a new multi line point is required to insure a fair and impartial transaction.
Franchisor Buy Out
Understanding the perimeters used to determine when a buy out is possible and the formulas employed to define value is essential for the intelligent and successful negotiation of the repurchase of your franchise.
DEALERSHIP CLOSURE
When closing your dealership becomes necessary, engage us to avoid costly mistakes and optimize the value of your franchise assets. Liquidation services include:
- Franchise Disposition: Guidance through the process of termination, resignation or reassignment.
- Parts Return: Facilitation of the return of current parts and liquidation of obsolete inventory.
- Vehicles: Management of sale of non-returnable new vehicles and used vehicle liquidation.
- Fixed Assets: Coordination of appraisal and auctioning of furniture, fixtures and equipment.
- Real Estate: Providing options through a network of national developers and key commercial brokers for divestiture of real estate.
- Other Franchise Issues: Expert guidance in handling other requirements relative to the orderly closure of your dealership such as extended warranty plans, computer contracts, leases, etc.
Fees are conditional upon the size of the dealership and the scope of services requested. The stress involved in the disposition of your auto dealership can be enormous. Our efforts on your behalf relieve significant pressures and our fees pay for themselves through significant cost savings and recapture of potential lost value.