20140923 GST Proper Presentation 09 23 14 v3
Gulf States Toyota
Prosper City Council
September 23, 2014
Gulf States Toyota
Prosper City Council
September 23, 2014
Toyota USA Production
CAMRY SIENNA TUNDRA AVALON
Four of the “TOP 10 MOST AMERICAN CARS”
according to 2013 Cars.com
Gulf States Toyota
Founded in 1969 Privately Held, Texas-Owned by the Friedkin Family
45 Years Long-term Successful Relationship with Toyota
226,966 Toyotas 2013 Retail Sales / One of the largest Toyota Distributors in the World
2,600 Associates GST, GSFS, GSM, USAL, GST-PDC, GST-VPC, ORRAC
154 Dealerships Across 5 States – Texas, Oklahoma, Louisiana, Mississippi, Arkansas
Gulf States Toyota
19 Diversity-Owned GST Dealerships
$140M 2013 Average DFW Open Point gross sales
$28M Average DFW New Point construction spend
126 Associates Average DFW Toyota Dealership staff level
$1.8M Local community spend by DFW Toyota Dealerships last 5 years
Organizations GST Supports:
United Way
Texas Parks & Wildlife
MS 150
9/11 Tribute Movement
Junior Achievement
Boys and Girls Country
Ronald McDonald House
Child Advocates
Children at Risk
Red Cross
National Multiple Sclerosis Society
Parkinson Society
Diabetes Association Walk
Morgan’s Wonderland
Our GST Communities
6
Supporting North Texas
Gexa Energy Pavilion
State Fair of Texas
Dallas Auto Show
Fort Worth Auto Show
Texas Parks and Wildlife Foundation
Texas Motor Speedway
Fort Worth Alliance Air Show
FC Dallas
Dallas-Ft. Worth Events and Activities Toyota Supports
2003
2006
2008
2004
2000
2014
Dallas-Ft. Worth Area Dealerships
Prosper, TX
•Next growing market
area in the Dallas metro
Prosper, TX
Dealership Facility Features
•State-of-the-art architectural
design - not typical car dealership
•LEED: Leadership in Energy and
Environmental Design
•LED lighting with light management
software to reduce the lamp power
by 90% during non-business hours.
•Intense landscaping to reflect the
look and feel of the local
community
•No outdoor paging system that
provides noise pollution to our
adjacent land owners, neighbors
Express
Maintenance
Service
Retail
Parts
Tires
Detail F&I
Pre-
Owned
New Car
Business
Office
Dealership Impact
•Local employment
–Approximately 150 full time jobs
–Average annual compensation of $50,000
•Property tax revenue (Prosper 0.52% tax rate; PISD 1.67%)
–Dealership land
–Dealership building facilities
•Local sales tax revenue (Prosper 2% tax rate)
–Parts sales
–Accessory sales
–Body shop sales
Estimated Tax Revenue
Entity Motor
Vehicle
Sales Tax
Business
Property
Tax
Real
Property
Tax
Local
Sales Tax
Entity
Total
Texas $4,100,000 $0 $0 $0 $4,100,000
Collin County $0 $39,068 $42,750 $0 $81,818
Prosper City $0 $85,540 $93,600 $89,020 $268,160
Collin College $0 $13,759 $15,056 $0 $28,815
Prosper ISD $0 $274,715 $300,600 $0 $575,315
Potential Revenue $4,100,000 $413,082 $452,006 $89,020 $5,054,108
Estimated potential tax revenue forecasts are based upon similar size and
similar market Toyota dealerships in Texas. Individual Toyota dealership
performance varies by independent Toyota dealership owner and operator.
Traffic Count Analysis
Retail Entity Consumer Count
New Car Dealership 45 trips
Gas Station 130 trips
Gas Station with food mart 150 trips
Gas Station with food mart & car wash 155 trips
Grocery Store 150 trips
Full Service Car Wash 450 trips
Convenience Store 500 trips
Convenience Store – Open 24 Hours 700 trips
Fast Food Restaurant 700 trips
Gulf States Toyota
Thank You