lamborghini motors
lamborghini motors
Starting a Lamborghini Dealership?
I live in Orlando Florida and want to start a Lamborghini dealership. Right now I’m 18 years old (not an average 18 year old) and am looking to open a dealership. My dad is worth ABOUT $2.5 million on books as he own two apartment complexes and some other investment properties. I just graduated school, and am looking at going into this business. I have already worked with Ultimate Motor Works which is a Lamborghini/Bentley/Rolls Royce dealership here in Orlando which me and my dad are very good friends with the owner. I was just wondering what thoughts you may have on the best way of opening a dealership of this magnitude. I know Floor Plan Financing may be a good option. Let me know what ideas and thoughts you have on this. Thanks!!! Brandon D.
You don’t just start a dealership because you want to. Lambo has to sign on as well. And they are *not* going to be interested in lending their name to an 18 year old kid who spent a few afternoons “working” as a dealership as a favor to his father’s friend. 2.5 million is nowhere enough capital to start an exotic/luxury car dealership. Start thinking $10-15 million, more if want to have more than a half dozen high end cars on the lot.
You’re entirely unprepared for this. No financial institution is going to left an 18 year old with all but no experience the necessary funds to get this project off the ground. You see, you have no collateral for them to collect should the business fail (and in all likelyhood it will) Go to college, take some classes in financial management, and bookkeeping. The get a job selling cars, if you work your way to G.M. in someone else’s dealership, then you can think about opening you’re own place.
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