- 29 -
anecdotal than factual. We note that petitioner did not offer
Robertson's testimony or that of other auto dealers.
Petitioner did offer the testimony of Ms. Rugh, the auto
dealership's accountant. Ms. Rugh thought petitioner's salary
was low when compared to other auto dealers with which she was
familiar. Petitioner, however, did not provide a plausible
explanation as to why his salaries were substantially less than
he testified others were, especially considering the exclusivity
of his auto dealership's geographic market (the San Fernando
Valley) for the first 2 years. In that regard, petitioner's auto
dealership was the number one Acura dealership in the nation for
its first 2 years.
Finally, subsequent to the foreclosure of the auto
dealership, petitioner's salary level working for other
dealerships was comparable to his earnings when he worked for his
own dealership. Accordingly, petitioner knew that with his
experience and background in the automobile sales field, he would
be able to obtain employment and commensurate levels of
compensation elsewhere.
3. Other Factors--During the first 2 years, petitioner's
business was the number one Acura dealership in the country. His
auto dealership demonstrated, generally, increases in gross
receipts of $7,414,704, gross profits of $577,060, and total
income of $594,819 in 1988 compared to the year before. Despite
Page: Previous 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 NextLast modified: May 25, 2011