Self- service car mart

Do anybody know about a self-service car mart or you can call it a Used Car Flea Market. The concept is A person would rent a vacant lot that is not being used for a weekend period and advertise to get buyers and sellers together. Charging the seller $25.00 a day to have his car displayed for potencial buyers. All transactions are done between the seller and buyer. I am interested in doing something like this but want more solid info. thanks in advance-Rhonda

Rhonda:

Jim Straw has written on this in his free report. Available here: http://www.businesslyceum.com/freereport.html

Michael Ross




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Hi:

We have one in the city I am in and one in the next city to us.

I'm not familiar with the one in the next city but I do you know they charge considerably more, but it is a bigger city (4 times larger) and land costs and rentals are higher priced.

The one here charges $75 per week or 10% of selling price.

There are considerable costs involved in this type of operation ie: lot rental or land costs, liability insurance, local licensing fees, depending on your area you may also need a security patrol, liability waiver forms, and in some locations a dealers license may even be necessary.

Another aspect is to have a local auto auction...you set it up and hire an auctioneer...there is more money to be made in this, but expenses are a little heavier, and it requires more work in setting it up.

Cornell

offering "space" for car sellers on WEEKENDS ONLY!

She's the biggest in the country. I think it's in San Jose, CA or Santa Rosa, CA....just off the expressway where thousands of cars can see her ONE SIGN (Which is ALL the advertising she does. Her name is Sheila and she's been doing this for 16 years.

She use the county fairgrounds. Pays them 15% of her Gross per weekend. Last year, when I looked into this, she was charging $20/day...$30 for 2 days AND....getting a MINIMUM of 600 cars a weekend to bring their vehicles.

There's also a man and his 2 sons...up the road a ways, north of San Rafael...who uses a "Commuter Parking Lot" on weekends only. He charges $40 a weekend and get 200 cars in EVERY weekend. $8,000 a weekend!

There's a company in, I think, Fargo, North Dakota, that was franchising people to open a "sell it yourself" car lot similar to theirs.

They charge $90/mo and get 200 to 300 cars a month. They also have a website but I can't remember the URL.

There's a guy in my little, dorky town of 20M who leases a corner lot from the lot owner for $200 a month and charges $80 a mo to park your car and gets 40 to 50 cars every month....AND...the location is good, right on a major corner BUT, in order to get to the cars, you have to go round the block and up an alley. Really hard to get to.

When I was doing the research, I found some people who were renting the far end of a Wal-Mart or K-mart parking lot, on weekends. Just placing colored ropes around the cars for sale.

All it takes is a GOOD location....some public liability insurance...a few bux in advertising (you can call every car for sale in the classifieds to get them in)...and the GUTS to give it a go. Word of mouth takes off after your first 2 weekends.

GO FOR IT! IT'S WAITING FOR YA!

Don ALm

> Do anybody know about a self-service car
> mart or you can call it a Used Car Flea
> Market. The concept is A person would rent a
> vacant lot that is not being used for a
> weekend period and advertise to get buyers
> and sellers together. Charging the seller
> $25.00 a day to have his car displayed for
> potencial buyers. All transactions are done
> between the seller and buyer. I am
> interested in doing something like this but
> want more solid info. thanks in
> advance-Rhonda




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