Quote:
Originally Posted by scottmandue
Christien had a much better (detailed) response than mine but the same idea (he is obvious a better businessman that I).
RE: If I picked up a lot here in So Cal... I'm not talking vacant lots... I'm talking full on dealership that has been vacated... showroom/offices/garage stalls/giant digital signs/etc already in place.
A lot of them to be had around here.
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I'm sorry to interchange lingo. "Lots" are also dealerships, not just vacant lots, to me at least. Sorry.
The question is, would you continue the old-school idea of what constitutes a dealership by occupying what used to be a dealership? Or would you think outside the box a bit? Again, the laws only allow so much leeway with zoning and such, but you get the idea.
Ironically, at least in SoCal, the vacant land is worth so much (even now) that the selling price of vacant dealerships is more than a dealership could justify paying. Many will be dozed and something else will go up. Many sit on prime, high-traffic sites worth millions. And dealers aren't making millions.
The Lexus dealer in Newport Beach cost over $40 Million to build. Just the land and building.