And how much does it cost to start your own dealership?
2007-01-22 15:10:42 · 5 answers · asked by Michael 1 in Cars & Transportation ➔ Car Makes ➔ BMW
Depends, there is no set amount for either.
2007-01-22 15:14:10 · answer #1 · answered by Anonymous · 0⤊ 0⤋
first off location plays a major factor(if it's not a well traveled road you probably won't sell much no matter what kind your selling)but there is major money to be made if you know what you're doing. as in to start you need to come up with a list of everything you need. 1st license will need to be paid for. 2nd is the lot in which the dealership will be. 3rd inventory how much you want to start with and how much are you willing to spend on it. 4th office supplies(computers, desks and copiers). 5th employees you'll need a bookkeeper, title clerk, salesman an F&I manager. 6th you'll need to bring in techs to get the computer systems together. 7th advertisement. as you can see it can become very costly.
2007-01-22 15:25:57 · answer #2 · answered by olivia t 2 · 0⤊ 0⤋
first of all, you need to buy a point (brand name), depending on where and which point it is can range anywhere from 50000 to over a million.
Then you need to build the dealership, or buy one, either case, several million.
Some make millions per year, some lose every year.
2007-01-23 11:59:39 · answer #3 · answered by jay 7 · 0⤊ 0⤋
owners make about, from the hundred thousands and on it's hard to say, to start up a dealership you would probably need about 700,000 if ti's BMW even more
2007-01-22 15:32:27 · answer #4 · answered by Audi11 3 · 0⤊ 0⤋
As much as they can, LOL
2007-01-24 09:29:43 · answer #5 · answered by rtm12309 1 · 0⤊ 0⤋