Go Back   DealershipForum.com > Asian Franchises > Hyundai/Kia > Sales

Notices

Reply
 
Thread Tools Display Modes
Old 02-17-2010, 09:43 PM   #1
XDCX
Administrator
 
Join Date: Nov 2007
Posts: 14,869
Default KIA Dealership in Alabama - No Blue Sky and only $200K down

I saw this ad and figured I had to start a thread on the forum - click here

The ad is for a KIA Dealership in Alabama where the dealer is willing to sell the store for no Blue Sky with only $200K down. Sounds like a hell of a deal to me...

In fairness, I don't know any of the details and don't know whether it's a good deal or not. That said, if I wanted to live in Alabama I'd certainly check it out. Maybe it will be of interest to one of our members here?

One of the coolest things about this forum for me is the fact that it has changed the way I see the world. Thanks to crowe's posts my eyes are open to options I never would have considered before.

KIA's on a roll. They have great product today, a pipeline full of more product and based on everything crowe has shared with us, they take care of their dealers and the people who sell their cars.

Is there anyone here who wants to live in Alabama and has $200K burning a hole in their pocket?
XDCX is offline   Reply With Quote
Old 02-18-2010, 05:21 AM   #2
possum
Senior Member
 
Join Date: Jan 2009
Posts: 1,122
Default

Wonder what the total price actually is?

Alabama can be a nice place to live!
possum is offline   Reply With Quote
Old 02-18-2010, 06:09 AM   #3
ohiobuckeyes
Senior Member
 
Join Date: Oct 2009
Posts: 606
Default

The ad did say "Fire Sale" So its got to be a very low price. What kind of fire sale would be 1Million. Only if I had that 200K, maybe I will call the bank to see what kind of rate i could get on the loan.
ohiobuckeyes is offline   Reply With Quote
Old 02-18-2010, 06:12 AM   #4
SHACOS
Super Moderator
 
Join Date: Jan 2008
Posts: 838
Default

This must be in hurricane alley.
SHACOS is offline   Reply With Quote
Old 02-18-2010, 08:27 AM   #5
possum
Senior Member
 
Join Date: Jan 2009
Posts: 1,122
Default

The "Owner" calling it a great deal, and fire sale, does not mean it really is. He is a good salesman.
possum is offline   Reply With Quote
Old 02-18-2010, 02:20 PM   #6
XDCX
Administrator
 
Join Date: Nov 2007
Posts: 14,869
Default

Quote:
Originally Posted by possum View Post
Wonder what the total price actually is?

Alabama can be a nice place to live!
That's a good question. If you're just buying assets and there's no Blue Sky how much could it be?

I think the big wild card would be the real estate. I know there's a Hyundai store in Arizona that's rumored to be for sale with no Blue Sky but the dealer expects the buyer to assume the note on his new facility.
XDCX is offline   Reply With Quote
Old 02-18-2010, 02:22 PM   #7
XDCX
Administrator
 
Join Date: Nov 2007
Posts: 14,869
Default

Quote:
Originally Posted by ohiobuckeyes View Post
Only if I had that 200K, maybe I will call the bank to see what kind of rate i could get on the loan.
You should give the broker a call and see if you can talk to the dealer and establish a rapport. Maybe he has some insanity in his family too and he'll cut you a break....
XDCX is offline   Reply With Quote
Old 02-18-2010, 02:51 PM   #8
ohiobuckeyes
Senior Member
 
Join Date: Oct 2009
Posts: 606
Default

Quote:
Originally Posted by XDCX View Post
You should give the broker a call and see if you can talk to the dealer and establish a rapport. Maybe he has some insanity in his family too and he'll cut you a break....
Sent him an email so I will let you know what is going on.
ohiobuckeyes is offline   Reply With Quote
Old 02-18-2010, 02:57 PM   #9
XDCX
Administrator
 
Join Date: Nov 2007
Posts: 14,869
Default

Quote:
Originally Posted by XDCX View Post
You should give the broker a call and see if you can talk to the dealer and establish a rapport. Maybe he has some insanity in his family too and he'll cut you a break....
Oh no, I just realized I got ohiobuckeyes and LJS mixed up...

I am so sorry about the "insanity" comment, I was thinking you were in the situation where you owned the store with your grandmother....
XDCX is offline   Reply With Quote
Old 03-05-2010, 06:09 PM   #10
ohiobuckeyes
Senior Member
 
Join Date: Oct 2009
Posts: 606
Default

X Man got an update - KIA Dealership for 200K has been SOLD.
ohiobuckeyes is offline   Reply With Quote
Old 03-06-2010, 08:49 AM   #11
XDCX
Administrator
 
Join Date: Nov 2007
Posts: 14,869
Default

Quote:
Originally Posted by ohiobuckeyes View Post
X Man got an update - KIA Dealership for 200K has been SOLD.
Thanks for the update.

I was hoping that someone from here would be the buyer - it would be nice if crowe had someone else from a KIA store to talk with.
XDCX is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
KIA - One of 10 Brands that may disappear in 2011 XDCX Sales 13 07-09-2013 04:38 AM
$4 Million Blue Sky for a Chrysler Dealer in Chicago? XDCX Automotive Discussions 10 09-13-2011 12:08 PM
Kia / Hyundai Alert CL Pgh Sales 19 05-25-2010 04:56 PM
Dealer want $2.2 Million "Blue Sky" for a Hyundai Dealership in Chicago XDCX Sales 5 10-06-2009 09:28 AM
Dealership for sale with ZERO Blue Sky XDCX Automotive Discussions 1 08-05-2008 10:30 AM


All times are GMT -7. The time now is 01:07 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright DealershipForum.com - 2008 - 2016