financial advisory services for retail franchise
DESCRIPTION
The Company had suffered from rapid and uncontrolled expansion and there was a lack of internal controls. Liquidity challenges and other anomalies revealed that management was nottotally forthcoming. Don developed a sales package, found a buyer, and finalized the sale.For more on Don Allen & Associates and Financial Advisory Services in Ontario, visit: http://www.djallen.caTRANSCRIPT
This national retail franchise chain
of electronic consumer goods was
run by a cunning president. Don
and his team were retained by the
lender to assess the viability of the
Company. Upon seeing the true
state of the damage in the Compa-
ny, Don was Court appointed as Re-
ceiver and Manager. The Company
had suffered from rapid and un-
controlled expansion and there was
a lack of internal controls. Liquid-
ity challenges and other anomalies
revealed that management was not
totally forthcoming.
Don examined all aspects of the
Company to determine the options
available and communicated with
stakeholders the issues and the op-
tions. He ran the operations and
rationalized the business by closing
some franchises. He determined
the best approach was to sell the
business through a Court approved
process.
Don then developed a sales pack-
age, researched the market place
and found a buyer, with which he
negotiated and fi nalized an en bloc
sale, after obtaining Court approval.
BATTERY PLUS
Financial Advisory, Court Appointed Receiver & Manager
DA Don Allen& Associates Inc.
Toronto · Barrie · Collingwood
www.djallen.ca
1-888-504-1511