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Car Dealership Business Plan

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A. Executive Summary:

Cars play a major role in the lives of most Americans. They are the 2nd most sort out the expensive purchase for any normal family. A car dealership is definitely a good business to invest in. The business that I would want to start is a car dealership and this business will be a sole proprietorship. I would be dealing with both the buying and selling of new cars and old cars. The future of the automobile business is very attractive. The franchised car dealer revenue has grown at a 7.2% growth rate since 1992 in the United States. (8) There are only moderate risks that the car dealer faces. Despite major changes in the automobile industry, the car dealer’s return on investment is high. Profits in the automobile dealer is said to decline by 6% from 2008-2018. In 2008, the Car dealers alone have provided $1.2 million as wages. The working hours in this industry is very high when compared to other industries. In 2008, 83% of the automobile dealers worked full time. (7)

Car Dealership Business Plan

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