In this ever-evolving industry, dealerships face unique challenges and opportunities. As market conditions change, business owners often contemplate their long-term strategies. While some may consider a complete exit from the industry, others prefer to maintain a foothold and explore alternative options.
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There’s no doubt about it, with the economy being turned on its head, price points and consumer behavior is shifting, and purchases of dealerships are seeing changes as well. But what’s happening?
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We’ve all considered it; selling on your own seems like the simplest, most profitable way to handle any sort of business acquisition. Sure, you could do it yourself, but have you thought about the time, effort, and overall headache you might face when dealing with prospective buyers? And[…]
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The word on the street is that multiples have changed.
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What influences your multiple?
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The magic number of Advertising and Promotion…. I see many small to medium sized business’ financial statements and in every case there is a pattern…if marketing spend is at benchmark, the business is typically doing fine, if it is below benchmark the business is struggling or declining,[...]
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The magic number of Advertising and Promotion…. I see many small to medium sized business’ financial statements and in every case there is a pattern…if marketing spend is at benchmark, the business is typically doing fine, if it is below benchmark the business is struggling or declining,[...]
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What is YOUR score? We all know our favorite team’s win-loss stats, but what about our businesses? For business owners financial statements ARE the scoreboard!! Financial statements can be a black box of information rather than a roadmap to success. Follow us for some easy tips for entrepreneurs[...]
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Looking at my Income Statement one day I noticed utilities had increased significantly year over year – utilities never change much. After investigating, I found a single toilet lever constantly tangled leaving the tank continuously filling and draining. By the time I looked into it, a $2.99[...]
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