Doeren Mayhew assists auto dealers in saving taxes, minimizing debt service outlays, lowering operating costs, and improving bottom-line results. Doeren Mayhew’s Automotive group leaders are seasoned veterans at executing tax-free franchise transfers, finding and negotiating multi-franchise acquisitions, and valuation and sale of dealerships for maximum “blue sky” premiums.
We’ll provide creative tax ideas to enhance income and maximize dealer wealth through proactive planning.
We’ll see if it works for you. We have deferred millions of dollars for our dealers in federal income taxes. We know the answers to LIFO conformity issues.
We know how to set them up and run them to lower your operating costs and improve your profit.
We can help you find acquisition candidates. We have years of experience in multi-franchise acquisitions.
We’ll do a valuation to help you maximize your blue-sky potential. And because of our involvement in the industry, we often know who is looking to buy.
We provide estate and succession planning that will minimize transfer and gift taxes. We’ll help you achieve a smooth transfer to the next generation.
We’ll coordinate your negotiations with financial institutions to minimize debt-service costs. Through our close ties to the financial community, we can help you raise short-term cash or enough cash to recapitalize the dealership.
We’ll evaluate your internal procedures to identify areas that might be susceptible to theft or cash losses. And then we’ll help you implement a preventive program.
Because of our knowledge of the industry, we can “benchmark” dealership (and employee) performance. We can tell you if you are: a) above average, b) average, or c) below average. If you are “b” or “c” we can help you get to “a.”
