There is no such thing as a bad time to buy a car dealership; there is just a bad way to buy one.Despite the fact that some dealerships (domestic and import) made over half a million dollars in a single month in 2009, the majority of pundits said it was not the right time to buy a dealership. Check out here Subaru New Car Showroom
If you wait for ideal circumstances, you can never get anything done,” as the saying goes. 11:4 Ecclesiastes It is the “research” that counts, not the “conditions.” The truth is that most of the car dealerships that closed in 2009 were purchased or built during “the good times,” as the pundits now refer to them. When owners and experts bemoaned, it was “the right time” to buy and develop.
For example, in 2008, Automotive News published a front-page storey about a man who was building a $35 million Toyota dealership on the freeway, across from the Oakland Coliseum, with five floors and a four-story glass showroom. “…has a wider view about the relationship between real estate and car dealers than you would normally find,” the experts said of the dealer.
The reported-on February 24, 2009. “I’m sort of in a state of shock because we thought we had such a promising and opportunistic future here, and with this, it just leaves a hollow taste…,” the dealership’s customer relations manager lamented in the report.
Since one would expect to make more money during “economic” times than during “poor,” sales prices would fluctuate as a natural result of the ROI process. As a result, when anyone says that the value of blue sky or goodwill is declining, they are not referring to the “value” of the dealership. Furthermore, the preceding statement contains no details to assist in determining a fair price to pay for a dealership. Rules of thumb are only meant to be used as a reference. Guides are excellent servants, but poor leaders.