#127 Secrets to becoming a first-time franchise dealership owner in 2024! | Kyle Coleman, Owner of Coleman Automotive
Description
Welcome to the Car Dealership Guy Podcast. In this episode, I'm speaking with Kyle Coleman, Owner of Coleman Automotive where we discuss: How he went from selling Pokemon cards to Fords, the $50M voicemail that changed his life, His first 6 months as a franchise dealership owner and much more.
This episode of the Car Dealership Guy Podcast is brought to you by:
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Topics:
(00:00:00 ) - Intro
(00:01:15 ) - Kyle’s background and career
(00:13:01 ) - Learnings from the CDG Podcast
(00:17:30 ) - Financing acquisitions
(00:19:58 ) - Valuing dealerships
(00:23:49 ) - Getting approved by franchises
(00:31:22 ) - Dealership profits
(00:33:56 ) - Doing things differently at the dealerships
(00:38:26 ) - Acquiring Toyota stores
(00:39:05 ) - Structuring dealership teams
(00:42:37 ) - Systems and processes
(00:44:48 ) - Plans for future financing and acquisitions
(00:45:31 ) - Kyle on starting his own private equity group
(00:58:15 ) - Advice for listeners
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