It's not something you necessarily want to think about...but it is something you should think about. There will come a day when you no longer want, or are able to run your dealership. Who will take over? How do you protect all the value you have created? What are the opportunities to do this better? What are the pitfalls? Those are hard questions but with some planning and thought all those questions can be answered and a smooth succession of your business can take place.
So why do you need a succession plan? Many reasons: