Need Help with Dealership Acquisitions or Divesting?
Whether you’re purchasing an automotive dealership or selling one (divesting) it is not a not painless procedure. There are a ton of moving parts to becoming an owner and divesting is even tricker. And there is a plethora of issues that can affect the process.
DRC has many years of experience in assisting in this process. President Deric Kalamitsiotis worked for Asbury Automotive Group, a national automotive company, for a number of years where he oversaw 11 Acquisitions and nine stores that needed help with Divesting. Because of this Dealers Resource Center is in a a great position to help with dealership aquisitions and divesting.
We have a background in dealer acquisitions
“We have an indepth understanding of sales, both in selling cars and the purchasing of dealerships,” Kalamitsiotis said. “We’re able to help with dealership acquisitions by setting up the acquisition, setting up the bank agreements, the forms for lenders, product providers, accounting, accounting standards, F&I menus, CRM conversions, really anything along those lines.”
One of the other key factors is funding. Kalamitsiotis recognizes just how important the issue is.
“At DRC, we have funding set up through several banks,” Deric says. “This gives us the ability to assist in the purchase of a new dealership. We are always looking for small to medium size stores with purchase opportunities that we can assist them with.”
Attention to Details
Paying attention to the small details is something Dealers Resource Center prides itself on as well. When we help with dealership acquisitions and divesting, we are laser focused on ensuring that our client has a satisfying outcome.
“We recognize that there will be changes made to the staff, but we also do what we can to retain current staff as well,” Kalamitsiotis says. “All dealership acquisitions come with process changes and we recognize this and can assist with that.
Kalamitsiotis knows that the market can shift anytime and right now, it is a Buy/Sell market. His experience – along with that of his brother, Michael, the VP of Operations – is extremely valuable to individuals and businesses.