Discussion
Hello.
I am very interested in eventually realising my dream and owning my own supercar showroom similar to the likes of elms, macari, amari and all the other greats. lol
However, I am unsure of how to get there? What would be the best route to gain the necessary experience to undertake such a project?
Also If I were to startup my own supercar showroom where would I get the funds to purchase the first few cars to get me going??
Do dealers such as those mention above own outright the cars and simply pay cash for them?? Seems like an awful lot of cash to have tied up.
Thanks in advance,
Look foward to responses - positive or negative.
also, the owner of elms collection - if you reading your input would be very very much appreicated
I am very interested in eventually realising my dream and owning my own supercar showroom similar to the likes of elms, macari, amari and all the other greats. lol
However, I am unsure of how to get there? What would be the best route to gain the necessary experience to undertake such a project?
Also If I were to startup my own supercar showroom where would I get the funds to purchase the first few cars to get me going??
Do dealers such as those mention above own outright the cars and simply pay cash for them?? Seems like an awful lot of cash to have tied up.
Thanks in advance,
Look foward to responses - positive or negative.
also, the owner of elms collection - if you reading your input would be very very much appreicated
POORCARDEALER said:
you are going to need at least 5 years experience and 500K(minimum) to think about it. Sorry to be negative but its fact.
The showroom alone could cost millions, before you even talk about stock. Yes, you could attempt to get business loans but you're going to have to have a really strong business plan.To the OP: Have you got ANY motor trade experience?
OP has some funny ideas...
http://www.pistonheads.co.uk/xforums/topic.asp?h=0...
'The Supercar showroom' is normally a rich PLC's folly (or involve dubious business practises... think thats delicately put enough
) , the more succesful independant enterprises are far less low key, witness 911 Virgin, and have been achieved through solid graft and years in the 'trade'
Contacts and knoweledge coupled with accumulated wealth is the only way forward!
http://www.pistonheads.co.uk/xforums/topic.asp?h=0...
'The Supercar showroom' is normally a rich PLC's folly (or involve dubious business practises... think thats delicately put enough
) , the more succesful independant enterprises are far less low key, witness 911 Virgin, and have been achieved through solid graft and years in the 'trade'Contacts and knoweledge coupled with accumulated wealth is the only way forward!
No. Not necessarily. Some dealers fund their stock through stocking finance from the likes of Lombard/Capital Bank etc. Others use a pre-approved (massive) overdraft. Some equally are cash rich and pay cash.
Before even contemplating setting up a motor dealership (let alone a super-car dealer) i'd suggest you go and work in one for a good few years. Buying & selling cars isn't as simple as many people assume.
Before even contemplating setting up a motor dealership (let alone a super-car dealer) i'd suggest you go and work in one for a good few years. Buying & selling cars isn't as simple as many people assume.
I don't see why a Supercar Showroom should cost millions? I saw a 2nd hand Ferrari showroom on an industrial estate in Maidstone last week. Quite simple to convert an industrial unit to a car showroom (slightly less simple to get planning consent though!).
Obviously if you are thinking of a modern main dealer showroom then they do cost millions. Mind you part of that is because the manufacturer will have an apporved supplier for everything and therefore the costs are higher!
However irrespective of the property you still need to try car dealing first!
Obviously if you are thinking of a modern main dealer showroom then they do cost millions. Mind you part of that is because the manufacturer will have an apporved supplier for everything and therefore the costs are higher!
However irrespective of the property you still need to try car dealing first!
Phil Hopkins said:
No. Not necessarily. Some dealers fund their stock through stocking finance from the likes of Lombard/Capital Bank etc. Others use a pre-approved (massive) overdraft. Some equally are cash rich and pay cash.
I've often wondered how your average dealer, who is borrowing the money, makes any money. Their monthly interest charges must be *huge*?Deva Link said:
Phil Hopkins said:
No. Not necessarily. Some dealers fund their stock through stocking finance from the likes of Lombard/Capital Bank etc. Others use a pre-approved (massive) overdraft. Some equally are cash rich and pay cash.
I've often wondered how your average dealer, who is borrowing the money, makes any money. Their monthly interest charges must be *huge*?Mustard said:
I have it on good authority, nearly all Ferrari Main Dealers loose money, some several hundred thousand a year.
Even Aston Martin Park Lane struggles to make a profit!
We made mega money at the dealership i worked at in the 90s, but then the showroom did resemble a garden shed!Even Aston Martin Park Lane struggles to make a profit!
POORCARDEALER said:
Mustard said:
I have it on good authority, nearly all Ferrari Main Dealers loose money, some several hundred thousand a year.
Even Aston Martin Park Lane struggles to make a profit!
We made mega money at the dealership i worked at in the 90s, but then the showroom did resemble a garden shed!Even Aston Martin Park Lane struggles to make a profit!
When Lotus was on fire, we were one of the countries top 3 Lotus Dealerships working out of a Birmingham backstreet
Mustard said:
POORCARDEALER said:
Mustard said:
I have it on good authority, nearly all Ferrari Main Dealers loose money, some several hundred thousand a year.
Even Aston Martin Park Lane struggles to make a profit!
We made mega money at the dealership i worked at in the 90s, but then the showroom did resemble a garden shed!Even Aston Martin Park Lane struggles to make a profit!
When Lotus was on fire, we were one of the countries top 3 Lotus Dealerships working out of a Birmingham backstreet
Dont be put off.If you start,get an experienced sales person,commission hungry,who will phone all his existing client bank,do all the marketing and hopefully build up a few early sales,make sure you are sourcing fully serviced no damaged stock,give a fantastic back up,include loan car,very important,not a Corsa!The main problem will be finding the cars at trade price.Preparation is everything.Go for it.
Mustard said:
I have it on good authority, nearly all Ferrari Main Dealers loose money, some several hundred thousand a year.
Even Aston Martin Park Lane struggles to make a profit!
Even Aston Martin Park Lane struggles to make a profit!
Most of them do, having the Marque is a kudos thing.
As for Aston Martin, even as a manufacturer I think I'm right in saying that 2005 was the first year they ever made a profit!!
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