Dealership expert: Best and worst franchises, what's next for the …

Aug 20, 2024 · Toyota and Lexus dealerships are some of the best performers in today’s retail automotive sector, with both fetching a high price on the M&A market. The automakers’ emphasis on hybrids, introducing new models and maintaining low inventory levels have driven demand …

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I Asked 3 Top Dealers What’s Keeping Them Up At Night...

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Aug 22, 2024 · Dealership expert: Best and worst franchises, what's next for the car market 580+ dealership transactions valued at $11 billion – Alan Haig’s pulse on the buy/sell market is …

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FAQs about Dealership expert: Best and worst franchises, what's next for the … Coupon?

What is the automotive franchising industry?

The automotive franchising industry offers a wide array of opportunities for different interests within the automotive sector. The franchises listed are well-established brands with years of experience and a strong presence in the market. These automotive franchises prioritize innovation and advanced technology to enhance the customer experience. ...

What makes a good franchise?

Best low-cost franchises: Your budget will have a huge effect on the franchise options available. If you have limited financial resources or want to avoid overleveraging yourself, then look for the best, most affordable franchise. Best franchises in emerging industries: Nobody wants to open a franchise in a dying industry. ...

Does Tommy's express car wash offer franchise opportunities?

Tommy's Express Car Wash offers franchise opportunities for individuals interested in the car care industry, providing a proven business model and processes. Founded in 1969 in Holland, Michigan, the company began franchising in 2016 and has since grown into one of the fastest-growing car wash chains with more than 150 locations. ...

Are franchises more likely to succeed than traditional businesses?

Not only are franchises more likely to succeed than traditional businesses, but franchising is becoming a more popular route to business ownership. The International Franchise Association (IFA) released its annual report, which anticipates franchise growth of 1.9% in 2024. ...

How do I choose the right franchise?

Research and due diligence can prevent choosing the wrong franchise. Choosing a franchise should not be done lightly. It’s likely one of the biggest financial and personal investments you’ll ever make—so take your time to research, review, ask questions, and exercise due diligence before moving forward. ...

Why do brands want franchises?

The additional revenue stream for parent brands (franchisors) is a huge incentive for offering franchise opportunities, and the improved technologies and supply chain logistics have made it easier for brands to scale franchises. So, what is a franchise, and what are the best franchises to own? ...