So you're thinking you may want to buy a dealership and you're wondering which are the most affordable and which are the most expensive.
We'd all probably guess that a domestic dealership would be worth the least because of all the troubles surrounding the business.
But did you know that a Lexus dealership costs the most, commanding a premium of up to TEN times annual profits!
See quote from the Detroit Free Press below:
'Sheldon Sandler, founder of Bel Air Partners, a New Jersey financial consulting firm specializing in auto retailing, said the priciest of the major dealerships to acquire now is Lexus, which commands a premium of six to 10 times annual profits, in addition to its property. BMW and Mercedes come next, followed by Honda and Toyota, at multiples of four times profits.'