The exterior appearance of a business can affect how willing consumers are to make a purchase. If you own a used auto dealership that has not been renovated recently, you could be losing out on potential customers because your building looks outdated.
Although you might not think it makes sense to invest in a construction project with Scott Equipment or a similar company during the winter months, a winter renovation might be in your dealership's best interest. Here are three reasons why you should plan to give your used auto dealership a makeover next winter.
1. Sales are slower during the winter months.
The construction activities associated with a renovation can be distracting. It is possible to keep your auto dealership open to the public while construction takes place, but planning to have your building updated during warmer months could inconvenience potential buyers.
December and January are quiet months when it comes to the sale of used cars, since most people are thinking about the holidays rather than purchasing a new vehicle. By planning your construction project for these winter months, you will be able to complete your business renovation while there are fewer customers around.
2. You may be able to secure a more affordable bid.
The construction industry experiences a lull in business during the winter months, especially in areas where heavy snowfall is common. Since contractors are receiving fewer requests for work, they are often willing to reduce the cost of their labor in order to ensure they can secure a job during the winter.
By making the choice to wait until the winter months to request bids on a renovation for your used auto dealership, you will be able to reduce the amount of money you spend on updating your business.
3. Investing in your business before the end of the calendar year could allow you to increase your tax deductions.
Most business owners are looking for ways to increase the number of deductions they can claim on their taxes. If you are planning to renovate your used auto dealership, then planning the project for the end of the calendar year can be a great way to expedite the tax savings associated with construction costs that you are entitled to.
Be sure that you ask your accountant if winter construction could help you qualify for cost segregation when filing your taxes.
There are many benefits to be gained by planning a construction project during the winter. Take advantage of these benefits by renovating your used car dealership next winter.