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#21 Secrets of buying and selling dealerships, Best and worst auto franchises, Lessons from $5.5B of dealership buy-sell transactions, Have dealership profits peaked? | Alan Haig, President & Founder, Haig Partners
Car Dealership Guy Podcast
The Importance of Delegating to a Franchisee
The biggest hurdle I've seen from having conversations with other dealers about franchise is Executioner risk. You are entering you have more departments that you need to manage and likely need a bigger team, right? With a use car dealership as the sole proprietor as the dealer principal everything could roll up to you in a way. If you're if you're very unsophisticated I don't think it's the right move because I just think you'll fail from execution perspective. The good news is if you buy a business You're not buying a shell right it has a general manager there has any county department, etc So they already know how to do those things Often they've been owned by somebody
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