Last week I felt more like an accountant than anything else. Financial models created for management operations of 4 buidings, 2 receivership actions, the next 6 months of corporate marketing expenses, adjustments in staff payroll, 3 auction budgets for portfolio proposals, analysis of buying vs. leasing a new car and a couple of negotiations with contractors who came in with higher numbers than we wanted.
This weekend is going to be a ton of fun with spreadsheets identifying the net return on asset sales utilizing various terms and closing dates then drafting counters that fit the desired financial profile.
Frankly, I am thrilled that we are not taking over operations of a poker club that is having a big partnership dispute.
Do you have questions about distressed assets, receivership or bankruptcy sales, auctions? Email me at rfk@gryphonusa.com and I'll try to answer it in an upcoming post.
Richard F. Kruse is the President of Columbus, Ohio based Gryphon USA, Ltd. (www.gryphonusa.com). The Gryphon Organization includes Gryphon Asset Management providing receivership and consulting services in the distressed marketplace, United Country Gryphon Realty & Auction Group (www.ucohiorealty.com & www.ucohioauctions.com) providing real estate brokerage and auction services throughout Ohio and OnlineAuctionUSA.com (www.onlineauctionusa.com) providing commercial asset liquidations from the Midwest to East Coast.
United Country Gryphon Realty & Auction Career Opportunities Available. Call 614-885-0020 x 17
