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There are about 20,000 dealerships in the United States. About 5% of them change hands every year.
They come in all shapes, sizes and locations...and this makes it complex to quickly come up with and exact value.
I do know when somebody asks me this question they are thinking about selling their store...maybe right away...maybe next year maybe 20 years down the road. Once this question is in your mind it is critical to your business that you follow through until you determine the value.
The best way to maximize your profit on your business is to get a clear picture of where you are because only then can you know when you are making progress.
Don’t Go It Alone
My advice is to keep going until you get an answer you can trust...
... and know that there are resource that will help you get that answer.
It’s Good Business to Know What Your Business is Worth
I like it when I am asked this question because it shows you’re thinking...you have an intuitive sense that understanding your value will give you the information to maximize the profit you make on your store. You are correct.
Key to understanding the value is understanding the strengths (hidden assets) of your dealership, market, employees, customers and franchise.
Although these factors operate interdependently of each other they are very much related when it comes to value. It would take me a few hours to explain the influence of all these factors because there are so many variables (large and small)...and how they add value to your dealership.
Good News!
Fortunately, with a short, private phone conversation I can help you identify your dealership strengths (hidden assets) that will add to the valuation. My clients find this very helpful information. Whatever we talk about stays between us…until you decide. I am here to help you identify your dealerships strengths and expand your options.
Shooting Straight
More importantly, it will be free of the hype & empty promises you may hear from others. You will have other experts involved but we are the dealership experts. That is what we do and it’s all we do.
To learn what your dealership/business is worth give me a call and let’s talk...no pressure, no obligation...I’m here first and foremost to help you avoid your Million Dollar Mistake...
If you want to know more about pricing mistakes dealers make when they sell their store, click on the title below:
 Thinking That Bad Financials Mean Your Won’t Get A Good Price For Your Deal
Thinking You Can Wait Until You’re Ready To Sell To Think About Selling
Thinking That Your Buddy Is Going To Give You A Good Price For Your Store
Pat McNulty is the founder and president of McNulty Automotive Business Consultants, LLC. In addition to building several successful dealerships as an owner, he has assisted owners and their family members with over 150 dealership transitions. Contact Pat to learn more about how you can intelligently deal with this sensitive issue.
1-800-800-4728
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