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Receiver Services Introduction
1. TO: WHOM IT CONCERNS
FM: J.S. LARGER
DT: 2013
SJ: COURT APPOINTED RECEIVER SERVICES –
MOTOR VEHICLE DEALERSHIP & FRANCHISE SPECIFIC
Whether boats, cars & trucks, RV or motorcycle dealerships the State of Ohio looks at these as similar
business operations and so should we. While there are many people that can run traditional businesses;
the nuances of motor vehicle dealerships, with different departments, rolling inventory, titled assets and
financial instruments like “floorplans,” is more challenging and transcends typical text book business
knowledge and expertise.
Used vehicle operations are typically less involved than the intricacies of new dealerships and
manufacturer franchises arrangements and yet they too present their own unique challenges.
In my 35 years of retail, fleet, and wholesale operations (Central Ohio market) experience I have
developed a sense of what to look for, especially, in these type business units. I’ve also interacted with
many owners and literally hundreds of salespersons, business managers and general managers. Some
of these persons may also be available as the need arises.
For my involvement I bring to the table a skill set that includes expertise in:
General Evaluations – What to look for
Marketing and General Management of Motor Vehicle Operations
Budgeting & Expense Control
Systems and Operational Work Flows
Vehicle Inventory Management & Controls
Operating Line-of-Credit (LOC) and Floorplans
Ohio BMV Contacts - Licensing
Title and MSO Handling - Compliance
Manufacturer Liaison Experience
Structuring Sales: Orders – Trades – Finance – Payoffs
Dealer only Auction Activity & Involvement
Web Marketing of Inventory – eBay, Proprietary Web Marketing Sites, etc.
Cash Flow Management
Ability to Investigate and Anticipate
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New Perspective Asset Management
Experienced Court Appointed Receivers