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Q: HOW TO PURCHASE A TOYOTA FRANCHISE ( No Answer,   2 Comments )
Question  
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?
Answer  
There is no answer at this time.

Comments  
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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