Performance Brokerage Services, the leader in dealership
buy-sell activity, announces the sale of BMW of Humboldt Bay in
McKinleyville, California from
Reza Lankarani to Victory Automotive
Group
IRVINE,
Calif., June 28, 2024 /PRNewswire-PRWeb/ --
Performance Brokerage Services, North
America's highest volume dealership brokerage firm, is
pleased to announce the sale of BMW of Humboldt Bay in McKinleyville, California from Reza Lankarani to Victory Automotive Group.
"After doing several deals with Performance
Brokerage Services, I now know they only do deals one way…that is a
win for the buyer as well as a win for the seller. I would
recommend them to anyone looking to buy or sell a car dealership."
- Jeffrey Cappo, Founder &
President
Founded in 1997, Victory Automotive Group operates over 50
locations across 10 states and represents over a dozen franchises.
BMW of Humboldt Bay is the only location offering BMW, making for a
terrific addition to the portfolio. Based on new vehicle retail
sales, Victory Automotive Group is among the top-15 dealership
groups nationwide according to Automotive News. Founder and
President, Jeffrey Cappo, works
alongside his sons, Eric and Michael
Cappo, who are heavily involved in the day-to-day
operations.
Following the transaction, Jeffrey commented, "I have purchased
over 50 new car stores in my career. In the beginning, I stayed
away from brokers. Since I met the Stopnitzky family at Performance
Brokerage Services, I learned something from them...they are not
looking for a sale like a broker, they are looking for a customer
they can help to make an educated transaction. Their honesty,
integrity and attention to detail are second to none. After doing
several deals with them, I now know they only do deals one way…that
is a win for the buyer as well as a win for the seller. I would
recommend them to anyone looking to buy or sell a car
dealership."
Over the last 5 years, Performance Brokerage Services has
advised on the sale of over 300 dealerships, making it the highest
volume dealership brokerage firm in North
America. Jason Stopnitzky,
Co-Founder of Performance Brokerage Services was the exclusive
advisor for this transaction.
Jason shared, "It was a privilege to have represented Reza and
his wife, Laura, in the sale of their family's dealership. Reza was
a pleasure to do business with and has become a friend through the
process. Jeffrey Cappo and Victory
Automotive Group are sure to continue the customer-centric and
family-owned philosophy." Jason added, "This marks our eighth
transaction with Victory Automotive Group, having been a strategic
partner of theirs for years. The Cappo family and leadership team
embody integrity and professionalism, making every collaboration
incredibly rewarding. We're excited to continue our journey
together and look forward to exploring new opportunities with them
in the near future."
Reza Lankarani owned and operated
BMW of Humboldt Bay since 2006. Reza commented, "When I decided to
sell my dealership after nearly 20 years, the decision to choose a
broker to represent me was not taken lightly. I owned and operated
a Chevrolet dealership previously and had hired two different firms
to help me sell the franchise. My experience with those other firms
was negative. I had spoken to Jason
Stopnitzky throughout the years and based on his reputation,
I chose to engage him to sell my BMW franchise. We had a very frank
and honest conversation about my goals and the valuation of the
dealership. Jason and his team worked with my wife and me to set a
price that we felt was fair. Jason and his team prepared a
professional package to propose to potential buyers, and in a very
short period of time, Jason presented me with a very well-qualified
buyer. The negotiation process was handled quickly and efficiently.
Jason and his team worked seamlessly with my attorney and the
buyer, and my transaction was closed within 90 days." Reza added,
"I could not be happier with the end result. Jason supported me
throughout the process, and I can honestly say that we formed a
friendship that will last for years as a result. Having consulted
and worked with several other brokers in my automotive career, I
can wholeheartedly recommend Jason and his team at Performance
Brokerage Services without any reservations."
BMW of Humboldt Bay will remain at its current location 1795
Central Avenue in McKinleyville,
California.
About Performance Brokerage Services
Performance Brokerage Services, Inc. is North America's highest volume dealership
brokerage firm, specializing in buy-sell activity for automotive,
RV, commercial truck, powersports, and equipment dealerships.
With over 30 years of experience, 900 dealerships sold, and a
90% closing rate, the company's reputation is unmatched and
governed by the utmost ethical conduct and integrity.
The company offers a unique approach by providing complimentary
estimates of value with no upfront fees or retainer, no
reimbursement of costs, and paid a success fee only after the
transaction closes.
Headquartered in Irvine,
California, and supported by 9 regional offices in
Utah, Texas, Illinois, Florida, Virginia, Ohio, New
Jersey, Alberta and
Ontario, clients benefit from
national exposure with local representation.
As trusted and respected experts in the field, the company
utilizes an extensive network of industry related attorneys,
accountants, hundreds of registered buyers, and longstanding
relationships with various vehicle manufacturers.
For more information about the services offered by Performance
Brokerage Services, visit
https://performancebrokerageservices.com.
Media Contact
Jason Stopnitzky, Performance
Brokerage Services, 949.309.2815,
jason@performancebrokerageservices.com,
https://performancebrokerageservices.com
Twitter
View original content to download
multimedia:https://www.prweb.com/releases/performance-brokerage-services-advises-on-the-sale-of-bmw-of-humboldt-bay-california-to-top-15-dealer-victory-automotive-group-302185296.html
SOURCE Performance Brokerage Services