DiscoverCar Dealership Guy Podcast#127 Secrets to becoming a first-time franchise dealership owner in 2024! | Kyle Coleman, Owner of Coleman Automotive
#127 Secrets to becoming a first-time franchise dealership owner in 2024! | Kyle Coleman, Owner of Coleman Automotive

#127 Secrets to becoming a first-time franchise dealership owner in 2024! | Kyle Coleman, Owner of Coleman Automotive

Update: 2024-10-15
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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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CDG Recruiting - a more hands-on, white-glove automotive recruiting service with decades of experience successfully placing over 1,000 roles in the automotive industry. Try CDG Recruiting today by visiting cdgrecruiting.com


Interested in advertising with Car Dealership Guy? Drop us a line here


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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


Check out Car Dealership Guy’s stuff:


CDG News ➤ https://news.dealershipguy.com/

CDG Jobs ➤ https://jobs.dealershipguy.com/

CDG Recruiting ➤ https://www.cdgrecruiting.com/


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Threads ➤ https://www.threads.net/@cardealershipguy

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Everything else ➤ dealershipguy.com


This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.

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#127 Secrets to becoming a first-time franchise dealership owner in 2024! | Kyle Coleman, Owner of Coleman Automotive

#127 Secrets to becoming a first-time franchise dealership owner in 2024! | Kyle Coleman, Owner of Coleman Automotive

Car Dealership Guy