Rahim Hassanally Momentum Auto Group Transition to New Ownership amid California Wildfires
San Jose, California, February 13,2019 ( PR Submission Site ) The Camp Fire is proving to be one of the most disastrous and lethal fires ever to strike the state, though wildfires have raged on and off in California for years. There is a number of things that need great attention as there are heavy losses in the city. Repairs to residential and commercial buildings similar will cost millions of dollars, and the hunt for a number of missing persons is displaced during the fire is far from above. More than 70 lives have been taken by the tragedy so far as well as several businesses.
Rahim hassanally is a leader in car automation dealership business. Momentum Auto Group of him contributes hundreds of millions of dollars in tax payment, making it a leading business in the Solano County area. The dealership group is one of the main payers of sales tax in the county, at a standard of $15 million yearly. Momentum Auto Group is also one of the major payroll taxpayers in Solano County, at a standard of $7.5 million yearly.
As the fire in the city spread through dried out areas, it took homes and buildings down in its pathway, causing as much problem for commercial enterprises and as well as for local residents. Momentum Auto Group of Rahim hassanally is with 9 dealer locations in Solano County that was greatly affected by the fires and has determined it was most excellent to temporarily close and changeover to new ownership.
While wildfires in the city are not only the only cause of transition of the company but there are a number of other factors also linked with the same. The temporary closure and transition to new ownership, howsoever effects across the dealership chain were the main deciding factors. Because of particularly poor air quality connected with the Camp Fire, both sales workers and technicians have been not capable to perform their duties. As the fires rage on the city, consumers didn’t carry out usual buying patterns due to the deprived and harmful air quality, costing the dealerships a huge loss in income.
Furthermore, there are a number of adverse effects of the fire; in this period there are a number of financial struggles that were stacking up against them, a 10-month delay on Fairfield City disturbed Momentum Auto Group valuable time, money, and possessions. Taxes and long-drawn-out construction fees on what should have been a speedy project ended up causing stern damage to the group’s finances, halting growth and money flow for the rest of the year.
Due to the monetary losses caused by the Camp Fire, and in combination with the above-mentioned circumstances, Momentum Auto Group of Rahim Hassanally finally decided that it was most excellent to temporarily close their doors and changeover to novel ownership. The group is sure that new ownership will productively lift Momentum Auto Group from current circumstances and conquer the hardships that the group has faced from last one year caused by the California Camp Fire. Soon hopefully they are planning to reopen doors to their auto dealership locations by the end of the year. This will with a bit of luck spark an optimistic change for not only Momentum Auto Group, but for people of the town as well.