The auto dealership business can be tough in Florida. Overhead costs are high, profit margins can be slim, and there is a heavy burden of regulatory compliance issues. One area where auto dealers can run into trouble is with advertising.
Professional help for zoning issues
Commercial real estate is a high-risk business, but the rewards can be very high, so long as things go well. One area where even a beautifully well-planned project can go wrong is with zoning. When zoning restrictions present a problem for new development proposals, the developers must go through a process of hearings, and possibly appeals. It can be time-consuming and frustrating, but with the help of a good attorney, developers can usually work out a solution.
Auto dealers need good counsel now more than ever
The automobile dealership business is going through some tough times. According to some analysts, it may be going through the toughest period since the Great Recession more than 10 years ago.
What are three important tips for choosing a successor?
Your hard work and long hours have led you to own a successful auto dealership in Florida. While you love your business, you may realize it’s time to hand over the keys to someone else.
Hurricane Dorian may slam brakes on real estate closings
In addition to causing turmoil, Hurricane Dorian has placed many aspects of personal and business dealings on hold in Florida. It may also halt commercial real estate transactions because of changing insurance practices.
