Dealership Consulting and Financial Services
In the highly competitive world of automobile, motorsport, and RV sales & service, successful dealerships don't just happen. The success or failure of a dealership can depend upon getting the right answers to important financial questions at critical times.
Our firm and its partners have collectively served the dealership industry for over 35 years. We provide a full compendium of professional services including traditional taxation and financial statement preparation as well as strategic consulting for dealers:
Assurance & Accounting Services
The financial and operational performance of an organization is critical to its success. We have the expertise to provide the value and quality that you can trust. Our role is to provide constructive financial reporting as your needs may dictate.
- Audit - an examination at the highest level of assurance
- Review - the compilation of analytical data with limited assurance
- Compilation - The compilation of information provided by client
Tax Services
Business, personal and estate tax planning is an integral part of every service we perform. We are equipped with the latest tax law changes and tax reduction opportunities. We make sure that we are connected with you and your dealership, so that you don't pay more than your fair share of taxes due.
Internal Control Review
Many Dealerships do not have an accounting staff large enough to ensure proper internal controls, or a dedicated person who can conduct internal audits. We cover a large part of that gap by recommending and helping you implement controls to reduce your risk of theft and fraud.
Back-End Review
We are here to help you increase your back-end profits, make sure you're wihin BAR guidelines and improve controls over parts, repair orders and warranty compliance.
Benchmarking and Ratio Analysis
We offer several benchmarking tools, along with ratio analysis, that can show you how your dealership is performing compared to similarly sized dealerships throughout the region and country. These tools also help you measure the overall profitability, efficiency, and liquidity at your dealership.
Purchases and Sales of Dealerships
We often help clients acquire, sell and merge stores, both with third parties and key personnel. We can handle the details that ensure that the transaction makes the most business sense and is beneficial to the parties involved.
Dealership Valuations
We can help you determine the value of a dealership for circumstances such as estate planning, sale, purchase or merger.
Buy-Sell Agreements
We can assist in the structure of a variety of agreements relating to key employees, estate plans, and other needs to help you protect your business interests.
Fraud Investigation
We provide expertise in forensic, fraud and embezzlement situations as that need may unfortunately arise.
Litigation Support
We provide consulting or expert witness services in litigated or mediated issues. Lawsuits and mediations often require financial and operational expertise, of which our firm and its partners have an abundance.