Workouts & Turnarounds for Dealerships
Unplanned situations can drive any dealership into turmoil and our dealership professionals understand how difficult these circumstances can be. To turnaround the situation our professionals will create and execute a workout strategy. It is best to start the turnaround as early in the process as possible to help reduce mounting losses and reductions in cashflows.
Workouts involve working with management to create a plan to cut costs, restructure financial transactions, review lease agreements in place all of which will result in additional cash flow and better management of your dealership. On the other hand, if your dealership is in need of a more drastic solution, our turnaround services will help you replace your existing management team, restructure your equity and/or obtain additional outside financing.