Seventy-five percent of family businesses – especially highly demanding automobile dealerships – do not have the 4Cs of Successorship: Capable, Committed, Competent and Community-minded successor. In such instances, selling the family business is a viable succession option.
With all the money that is being thrown at buying dealerships today, the value of dealerships is a common discussion item. In some instances where there is no locked-in successor, I am often at the table helping my clients consider if they want to cash in on this hot market.
Click Here to: Read full article on Automotive Buy Sell Report website
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