Harvey Braden III
Burleson, TX (USA)
Role(s):
Founder/Owner/Principal
DFW Car Deals LLC
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Startup
Location:
Burleson
Industry:
Automotive
Year Founded:
2015
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
Limited Liability Company
Description:
DFW Car Deals is a single member Texas Limited Liability Company that was founded in February 2015. Planning for the venture began in 2012. DFW Car Deals possesses licensing as a TX Independent Motor Vehicle Dealer, TX Motor Vehicle Lessor, and TX Motor Vehicle Sales Finance. The primary source of funding to date is the founders cash, reinvestment, two lines of credit for inventory acquisition, and a small short term loan that is the only current debt held.
The Founder, Harvey Braden III, researched the automotive finance and car dealer marketplace for two years to identify our niche, while also working for two of the most innovative and impressive auto dealers in the Dallas Fort Worth Metroplex to gain direct experience. The current retail location opened for business June 8th, 2015. Harvey Braden III manages day to day operations as well as all purchasing. We currently employ a sales manager that has been with the company since February 2015, and have recently added an inventory manager that serves many capacities behind the scenes to prepare retail ready vehicles. With extremely efficient processes we are able to accomplish every aspect of operations with this small but dynamic team. Our processes are supported by a well established network of vendors that limit risk and liability in every way possible.
The primary niche is serving the sub prime market with aggressive financing options. We are able to differentiate ourselves with the quality of vehicles offered and a proprietary sales process utilized to cultivate leads that are ripe for our message of re-establishing their credit. In short we are selling financing and utilizing a psychological approach to close deals that is well outside of the normal sales process of car dealers.
Financing for customers is provided by six lender relationships and a proprietary in-house financing method that utilizes a lease contract. The current lender partners represent a strong mix of approval capabilities from deep sub prime all the way to very prime rates.
The Vision, Team, and Systems are in place to take this already profitable venture to the next level. Cash flow is the current restraint limiting growth. We are seeking a lender, investor, or partner relationship that is able to capitalize the next phase and contribute board level guidance to shape the growth along with implementation of additional profit centers and niche product offerings.