OT - Fuccillo to sell two Florida Kia dealerships for $36 million

[shandeezy7]

Gearing up to make a nice gift to the football program? One can dream, right?

Fuccillo to sell Kia dealerships in Florida

Dealerships in Cape Coral and Port Charlotte to be sold for $36 million.

www.syracuse.com

 

[Qbobby]

Good for Billy for some HUGE bucks!

 

[cuse10]

Christ. I went into the wrong line of work.

 

[McNabb2Brominski]

Maybe can use it to bribe the NCAA to get some of transfer waivers to get accepted.

 

[sufandu]

Christ. I went into the wrong line of work.

With the wrong, umm, support.

 

[Shrmdougluvr]

Good ice cream place across the street from the Port Charlotte location. Just sayin.

 

[richard levy]

Heard he had a stroke, in some financial distress as well

 

[chop block]

Heard he had a stroke, in some financial distress as well

Lot of big car dealers are in trouble financially. They operate as if there is never going to be a downturn in sales. They were basically forced to close for couple weeks and then there is huge lack of inventory. Surprisingly it seems the smaller dealers are doing well. Less overhead, less advertising cost and people looking for inventory the big places had already sold out of

 

[qdawgg]

His whole organization is based on thin margins. I could have told you 15+ years ago when I worked for him that he’d be in trouble at some point. I wouldn’t be surprised if he’s been in trouble for awhile.