Starting up a car garage
 

Hi

I have a dream.......

.......very MLK but what I want to do is start my own prestege car garage selling Porsche / Mercs / BMW's etc etc.

Does anyone have any experience of start up costs & what might be involved ?

I am in the process of putting together a business plan & want to ensure that I cover all my bases.

I figure 2 biggest costs would be premesis rent & conversion & rolling stock (considering cars will be 25k - 65k range)

Any help really appreciated.

Thanks.

Ro.

I guess the insurance on a Business like that must be a pretty penny to

Why not just request a copy of a companies accounts from companies house.

Find a similar business to what you want and search through, lease costs, rates, taxes, vat exemption etc, turnover.

Wouldn't it be better to sell prestige cars? :D


...sorry :rolleyes:

What's MLK?

I would have thought that you'd have to start off small and build it up, unless you have experience dealing in cars of that level. It might look easy, but I doubt that it is. It's also probably a game of 'contacts'.

I don't mean to sound like a doubter because I am all for people following their dreams, and I think the risk is definitely worth taking if you can.

Probably worth talkin to Mellow, I know he does some car dealings :D

Martin Luther King - I understand he's quite popular with our Amercian cousins.


D

Bit slow on the uptake there - realise the "I have a dream" reference now :)

that is if the porsche ,mercs,bmw people want you as a dealer they can be awfully fussy especially if your in the wrong area. i know i.m want us to move to oxford so we can register cars with an o1 postcode instead of o29 it's not that easy to get a top marques dealership up and running

What you don't say is if we're talking brand new cars here or pre-owned. I agree with scoobyboy here that Porsche, Mercedes and BMW will probably look down their noses at you if you're face doesn't fit, and you're not in the right location, if you're looking to sell brand new cars, plus the expense of this could be a lot as I *think* it'd be some sort of franchise type thing, though I'm not clued up about this type of thing.

If it is pre-owned cars then they might not be too bothered.

One other thing, would you have any kind of servicing or maintainace facilties or is this just sales based thing? Reason I ask is that if you're thinking of servicing cars you'd be wanting competent mechanics, and no doubt specialist, and thus expensive equipment, for example, I think the Subaru diagnostic machines are not exactly cheap, and I would have thought P, MB and BMW stuff would be even more expensive.

not trying to blow the dream out of the water.