I have an opportunity to possibly purchase a powersports dealership in a growing market. Business shrank 2015 to 16 but grown each year since with 2018 being higher than in 2015. It’s EBITDA is just above 10% which is slimmer margins than I’m used to in my media businesses (typically 20-25%), but the gross is 3x the standalone of any of my other businesses.
I’m extremely familiar with marketing (including for auto), and sales but have no experience at an actual dealership or with repairs, but I do have potential trustworthy leads in the repairs department. Is anyone here familiar with this industry? Any tips or advice before I make an offer?