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Subject:
HOW TO PURCHASE A TOYOTA FRANCHISE
Category: Business and Money Asked by: steve7777-ga List Price: $100.00 |
Posted:
03 Oct 2005 08:26 PDT
Expires: 02 Nov 2005 07:26 PST Question ID: 575757 |
I'M LOOKING SPECIFIC INFORMATION ON HOW TO PURCHASE A TOYOTA AUTOMOBILE FRANCHISE AND BUILD A NEW DEALERSHIP IN ARIZONA? WHAT ARE THE REQUIREMENTS AND HOW MUCH OF A CAPITAL INVESTMENT IS REQUIRED? |
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There is no answer at this time. |
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Subject:
Re: HOW TO PURCHASE A TOYOTA FRANCHISE
From: bcmesq-ga on 04 Oct 2005 11:08 PDT |
I am a former Honda dealer, typically you cannot buy a new franchise from the manufacturer. Dealership "points" are awarded to qualified individuals. If you do not have an extensive background in running a new car dealership you probably will not be awarded a franchise. However, you may be able to purchase a franchise from an existing dealer looking to sell his/her store. But, you will still need to seek approval from the manufacturer to purchase the store. Typically, you are looking on spending between $1M to $25M (or more) for a Toyota store depending on the location. A single Toyota store in the greater Phoenix or Tucson market would probably run at a minimum $10M. Good luck |
Subject:
Re: HOW TO PURCHASE A TOYOTA FRANCHISE
From: byrd-ga on 04 Oct 2005 11:39 PDT |
You might find interesting an article from October 2002, which says in part, ""It's becoming very difficult for that individual entrepreneur to buy a Toyota dealership because of the public companies who are willing to spend money to acquire the metropolitan stores that we have," .... A Toyota franchise can sell for between $500,000 to $15 million, depending on location and volume ...." You can read the full article here: http://www.findarticles.com/p/articles/mi_m0FJN/is_14_36/ai_93728394 |
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