Welcome to the first edition of Automotive Buy Sell Report for 2018! We here at ABSR look forward to another year of bringing you insightful columns, revealing dealership profiles, and informative features covering all aspects of the buy sell business.
How many of you have bought a dealership only to find that the previous owner has set up shop not far away and is now your competitor? Though that should have been prohibited in the buy sell agreement, a faulty or absent non-compete clause can leave you little recourse.
This week, Joe Aboyoun offers tips on what non-compete provisions should be in an agreement to keep that nightmare from occurring.
What is a dealership worth? That’s a question we strive to help professionals and dealers answer with every issue. The most elusive factor in determining a dealership’s worth is the goodwill multiple, as Fred O’Halloran of MD Johnson Inc. discusses in this issue.
We also have the year’s first Transaction News.