Anyone with a concept that will work in a closed auto dealership space could pick up some very valuable locations at pennies on the dollar. Think about the possibilities.
With Chrysler closing 800 dealerships today there is suddenly a glut of real estate that will play host to graffiti artists, homeless vagabonds and dwellers looking for low traffic areas in which to hang. The first trend will be the antique, flea market aficionados that will negotiate month to month leases on the spaces that will be gutted by the dealers.
The auto dealer space concept is not as far-fetched as it may seem. Similar acts have previewed before to great success.
Take Dave’s Famous Barbecue. When Dave Anderson was in the developmental stages of the now famous restaurant chain he opened his second location- the one that would really “test the waters” for his concept in a vacant gas station in the Linden Hills section of
Now Dave’s story is epic. The company has grown into a major chain, gone public, and continues smoke. Dave had some incredible mentoring as he was one of the first executives at Rainforest Caf?, the concept Lyle Berman took public and watch skyrocket from a $3.00 stock to an overnight, fad sensation. Another tasty story.
The point here is that the dealership locations lend themselves to a concept that needs exposure, seating, parking and space. There are not huge groups of businesses looking for those criteria in today’s marketplace. And, the longer the dealerships sit vacant, the cheaper the rent.
So let’s think of a concept. Buffet World? Sign of the Beef Eater? Pete’s Pancake House? If it weren’t for the glass, they would make great dance clubs.
The opportunity is there. Here is the list from Chrysler.
And just think, in a few more weeks, General Motors will add 1300 more locations for that doughnut dining disco concept we have all been conceptualizing.