Mario Murgado: Constructing a multi-state group of 18 vehicle dealerships

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Written by Gabriela Henriquez Stoikow  on September 21, 2021
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Mario Murgado got here to the US from Cuba as a 4-year-old. Now 59, he feels blessed to be dwelling on this nation, be a part of the neighborhood and be concerned together with his ardour: the automotive trade. He is among the most profitable auto-dealership house owners in South Florida, with six dealerships in Miami, 4 in Stuart, three in Jacksonville, three in New Jersey and two in Chicago.  

Aside from being an entrepreneur, he has a deep ardour for outdated vehicles, which he collects, together with historic items and flags. Each time he’s having a foul day, he touches a 34-star flag from the US Civil Battle sitting close to his desk, which is a reminder of how tough these days had been, “when there was a battle father in opposition to son, and brother in opposition to brother.”  

With greater than 40 years within the dealership of vehicles, he nonetheless sees prospects. “You possibly can by no means get away from that,” he says. He attests that he loves his enterprise, and even when he’s out of his workplace, he’s all the time engaged on one thing for the enterprise. 

Mr. Murgado began his profession in 1981 with auto magnate Norman Braman in Brickell and spent nearly 20 years working for one of the crucial necessary auto dealerships on the time. Over time, he held the positions of normal supervisor, managing associate, president and CEO, and in 2000 he determined to begin his personal dealership. 

“In November 2000 I resigned, then on Might 27 – and I always remember it was at 8:08 p.m. – I signed the dotted line and I used to be in a position to purchase the Brickell retailer, a Pontiac, GMC and Honda dealership,” he stated. 

After 20 years, he seems again at his recollections when he dreamed of getting his personal dealership and is grateful for his accomplishment and for many who helped him on the journey. “I used to be in a position to full that dream and purchase that retailer, and the remainder is historical past… We’ve been in a position to develop from there.” 

At this level of his profession, he’s seeking to solidify his enterprise, develop the place he finds extra alternatives and open doorways for the brand new generations in his firm. He says he’s not seeking to retire any time quickly, however finally he plans to take a step again and assume totally different roles within the firm. 

Mr. Murgado was interviewed by Miami In the present day Reporter Gabriela Henriquez Stoikow. 

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