Due Diligence Standard in Today’s Automotive Buy-Sell Market
Back in April and May of this year, the economy came to a grinding halt as many cities ordered businesses to close. Things looked pretty dismal, both for our dealer clients and Bass Sox Mercer. The phone stopped ringing and... Read More →
Transaction Activity Slowed by COVID-19
After several years of record high transaction activity, there has been a lull in the buy-sell market due to COVID-19. Bass Sox Mercer noticed a steep decline in transaction activity around the time state governments started instituting “stay at home”... Read More →
Preparing Your Vehicle Inventory for a Closing
One of the most difficult tasks you will encounter when selling a dealership is completing your vehicle inventory and preparing those vehicles for the closing. Here are some helpful tips to get you through a closing: Reorganize the Inventory: Some... Read More →
Common Environmental Issues in Auto Dealership Transactions
Older auto dealership properties seem to regularly trigger poor reports from environmental assessment companies, thus triggering Phase II investigations, and, in some cases costly remediation. Sellers can be surprised to learn that their transaction will be delayed or jeopardized as... Read More →
BSM Looks to Break Previous Year’s Record of Buy-Sells
The Bass Sox Mercer Transaction Group has become accustomed to breaking records. Last year, the Group closed a record 56 transactions involving 75 dealership rooftops, and the Group hopes to break that record again this year. To date, the Group... Read More →
6 Ways to Better Position Your Real Estate For-Sale
The sale of a vehicle dealership involves two basic transactions wrapped into one, the sale of assets (goodwill, vehicles, parts, supplies and fixed assets) and the sale or lease of real estate. Here are 6 tips to better position your... Read More →