Starting a Dealership…
Starting a car dealership? Whether you’re comparing smallbusiness.xo voip packages or you’re just now coming up with a concept there are a few things you’ll want to consider. Take it from us and some of the best car experts in the world – this industry’s brutal.
Consider your audience: Sure you love classic hot-rods but is there really a market for that in your town? Assess how many body shops are around that work on the types of cars you want to sell and if the answer is none, figure out if opening one yourself is the first step.
Consider the taxes: One of the most unknown aspects of owning a dealership is the amount of taxes dealers have to pay. Consult an accountant in town to set up your financial plan BEFORE you start buying cars to ensure you don’t get in over your head.
Consider your passion: Don’t start a Volvo dealership if what you really love is hot Italian sports cars. Stick with what you love and if you find there’s no place for it where you are, consider moving!