A place to discuss all things ADM
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#7293
#7295
There was thread a few years ago. Explained profit percentage on msrp base sales price of the car and profit on added options. This is before ADMs lol. Service probably covers most payroll anyways. If I remember correctly options had highest percentage. But then have to take into account real estate, payroll etc etc etc. Regardless, they make good money. I remember my first GT3 I got $1500 off back in 2009 for a 2010 😅. Last week I got a 3RS allocation for $75k. I don’t like it but it is what it is. Let’s get together with some people and buy or build a new dealership 😁.
#7296
not sure about other details
a MB dealership sold at the same time for 28 millions
both acquiring owners were somewhat medium size corporations with 10-20 dealerships from Florida
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Robb M. (11-08-2023)
#7298
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It's very difficult. If there is any blood in the water that a dealership is for sale, there are a lot of VERY wealthy, yacht owning dealers or public companies willing to spend a little more than the little guy to buy one.
FWIW building a new dealership to the Porsche corp image is quite pricey. Like custom home in a coastal city pricey per sq ft.
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#7299
I'm sure I know all the answers to this question, and my public answer is:
It's very difficult. If there is any blood in the water that a dealership is for sale, there are a lot of VERY wealthy, yacht owning dealers or public companies willing to spend a little more than the little guy to buy one.
FWIW building a new dealership to the Porsche corp image is quite pricey. Like custom home in a coastal city pricey per sq ft.
It's very difficult. If there is any blood in the water that a dealership is for sale, there are a lot of VERY wealthy, yacht owning dealers or public companies willing to spend a little more than the little guy to buy one.
FWIW building a new dealership to the Porsche corp image is quite pricey. Like custom home in a coastal city pricey per sq ft.
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#7300
My (small) local dealership that pumps out some pretty remarkable revenues was bought out by a larger franchise over the Summer.
The rumor mill says that it sold for nearly 3x your number. This same automotive group paid $48.6 million in March of this year to acquire Carson Toyota,
which is the largest car dealership in the Auto Row of Carson. According to an article that I read, the auto group took out "about a $39 million loan" from Toyota Motor Credit to finance the purchase on more than a half-acre of land.
Last edited by Diablo Dude; 11-08-2023 at 12:45 PM.
#7301
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lol
My (small) local dealership that pumps out some pretty remarkable revenues was bought out by a larger franchise over the Summer.
The rumor mill says that it sold for nearly 3x your number. This same automotive group paid $48.6 million in March of this year to acquire Carson Toyota,
which is the largest car dealership in the Auto Row of Carson. According to an article that I read, the auto group took out "about a $39 million loan" from Toyota Motor Credit to finance the purchase on more than a half-acre of land.
My (small) local dealership that pumps out some pretty remarkable revenues was bought out by a larger franchise over the Summer.
The rumor mill says that it sold for nearly 3x your number. This same automotive group paid $48.6 million in March of this year to acquire Carson Toyota,
which is the largest car dealership in the Auto Row of Carson. According to an article that I read, the auto group took out "about a $39 million loan" from Toyota Motor Credit to finance the purchase on more than a half-acre of land.
once again those type of financing things are 'relationship based' and have zero chance of being landed by small / medium dealer groups.
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#7302
FJ was able to secure a loan because they have over a billion (or maybe even 10x that) in annual revenue across all their stores... They're also a darling of MB, Audi and P because of their constant real estate projects. It helps when you have the claim to being 'the largest volume MB dealership in the world' for something like 20 of the last 30 years (FJ Newport Beach MB)
once again those type of financing things are 'relationship based' and have zero chance of being landed by small / medium dealer groups.
once again those type of financing things are 'relationship based' and have zero chance of being landed by small / medium dealer groups.
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#7303
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#7304
I'm sure I know all the answers to this question, and my public answer is:
It's very difficult. If there is any blood in the water that a dealership is for sale, there are a lot of VERY wealthy, yacht owning dealers or public companies willing to spend a little more than the little guy to buy one.
FWIW building a new dealership to the Porsche corp image is quite pricey. Like custom home in a coastal city pricey per sq ft.
It's very difficult. If there is any blood in the water that a dealership is for sale, there are a lot of VERY wealthy, yacht owning dealers or public companies willing to spend a little more than the little guy to buy one.
FWIW building a new dealership to the Porsche corp image is quite pricey. Like custom home in a coastal city pricey per sq ft.
Last edited by welikethetrack; 11-09-2023 at 12:22 AM.
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