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

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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