Postrecession move – Determining your dealership’s value
Abstract: Stock prices and real estate values have plummeted over the last three years. What about the value of an auto dealership? Knowing this is especially important for those thinking about selling the business or getting ready to pass ownership to children. This article shows how appraisers value both hard assets and goodwill, and the wide range of valuation multiples and cap rates they use for auto dealerships.