It’s a good thing that powersports dealers are an optimistic, passionate bunch in general. Fueled by their love of sport and the outdoors, many say they have the best job ever. Granted, owning a business is not without challenges, and managing the financial obstacles can dampen the daily thrill. But what if I told you that you might be leaving money on the table every day and impacting your ability to MAKE MORE dealership revenue and overall personal wealth with powersports profit participation?

The topic of profit participation is not often discussed in powersports circles, usually because a lot of dealers are single rooftop owners or just don’t generate enough annual revenue to qualify for an administered program. There is a results-focused client engagement model that combines F&I products with a powersports profit participation model that can be customized for each client, based on a proven model designed to generate revenue – and supporting a powersports profit participation investment. Assuming you’re already selling F&I products…maybe it’s right for you?

Let’s start with the basics.

A solid F&I program based on your dealership data. The process begins with a Business Development Assessment (BDA) evaluation by highly trained account managers who will study your policies, processes and procedures, in all departments of your dealerships to identify any potential profit leaks. After we’ve completed a thorough study and observed them in action, we’ll provide a detailed playbook that describes our recommendations, including an assessment of your current F&I talent, F&I product mix, a training agenda, pay plan development, lender spread analysis, income development, and compliance.

Now, powersports profit participation.

Our model-agnostic Wealth Builder Profit Participation Suite offers five options designed to meet your unique goals. Premiums are ceded as written (versus earned) and the program includes compliance management, training, and incentives to help you MAKE MORE. This month, we’re offering an Underwriting Profit Analysis voucher*, valued at $5,000, to determine which is the best profit participation option for you. 

While this may sound complicated, if you are already selling F&I products, this is really quite simple. Our team breaks it down using your own F&I data and dealership revenue goals. It’s your profit participation portfolio – not ours. Even if you decide you’re not ready for a profit participation program, completing the BDA can boost F&I product penetration rate. And that’s money in your pocket – not on the table.

For almost 50 years, you have depended on EFG to help achieve your profitability goals, and we are honored by the opportunity. At EFG Companies, we’re more than an F&I provider, we’re your business partner in the retail powersports industry.

Want to know more about starting your own profit participation program? Contact me at [email protected] or message me on LinkedIn at Adam Ouart.

 

 

*Profit Analysis Voucher available to franchise dealers who meet the required unit volume.