We are a pretty large independent dealership, we do about 80 to 100 units a month. In business for 5 years. Any ideas or recommendation for capital to finance growth, possible 2nd location. We already have a floorplan and a bank that will give us some working capital but not enough to go all out. Is it realistic to attract Angel investors, Venture capital, or finding someone willing to invest in an independent dealership. There is such a bad stigma for used car dealers but maybe I am wrong. Have not had much luck.
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Funding For Independent Dealerships
- Thread starter johnbarilla
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✨ AI Highlights
An independent dealer moving 80-100 units monthly seeks additional capital beyond existing floorplan and bank financing to fund expansion and a second location, asking whether angel investors or venture capital would realistically fund a used car dealership despite the industry's negative reputation. The inquiry centers on whether outside investors view independent dealerships as viable investment opportunities compared to other business sectors.
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