Legendary Car Dealer Steve Hallock Sells Dealership with Help of Auto Dealership Broker Performance Brokerage Services

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After over 40 years in the automotive industry, legendary new car dealer, Steve Hallock, sells his remaining store and retires from the car business. The transaction was exclusively facilitated by Performance Brokerage Services, auto dealership brokers with a sole focus on providing professional intermediary services to buyers and sellers of automotive, Harley-Davidson and powersports dealerships.

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Performance Brokerage Services

It is invaluable having an asset like Performance Brokerage Services to help, at any time of the day, navigate the emotional event that selling a store can be.

Performance Brokerage Services, a new car dealership broker, announces the sale of Fremont Ford in Newark, California and assists with the retirement of iconic car dealer, Steve Hallock.

Once an automotive retail consultant, contracted to assist underperforming car dealerships, Steve spent his recent years as a top volume performer in northern California. Having owned and operated numerous dealerships in the Easy Bay, Steve was well respected by both the community and his competitors.

Steve acquired Fremont Ford in Newark, California, a suburb of Fremont in June 2005 while the store was facing a bankruptcy. Building an incredible team, he saved the dealership from a bankruptcy and turned it into an iconic dealership in the area. Sitting on 8 acres and located in the Newark Auto Mall, Fremont Ford is one of the largest dealerships in the East Bay in terms of total aggregate land.

Looking to pursue other interests and finally retire from the automotive retail business, Steve Hallock hired Performance Brokerage Services, an automotive dealership broker, to assist with the sale of his new car dealership. Performance Brokerage Services identified a qualified buyer, ensured a smooth transition and fair negotiations, and ultimately helped Steve Hallock to maximize the value of his assets.

After the sale of his business, Steve said the following, “I cannot thank Performance Brokerage Services enough for the way they handled the sale of Fremont Ford. In addition to outstanding counsel, their relationship with Ford made the process quick and painless. It is invaluable having an asset like Performance Brokerage Services to help, at any time of the day, navigate the emotional event that selling a store can be. Jason Stopnitzky, a key principal with the company, has become more than a broker, he has become a friend. I would not consider using anyone other than Performance Brokerage Services.”

About Performance Brokerage Services

Performance Brokerage Services, an auto dealership broker firm, specializes in professional intermediary services to buyers and sellers of new car, Harley-Davidson and powersports dealerships.

The company offers a different approach to the automotive brokerage industry by providing free dealership assessments, no upfront fees, no reimbursement of costs and is paid a success fee only. Performance Brokerage Services gets paid only after the client gets paid.

The mediators at Performance Brokerage Services have been involved in over 400 transactions. With over 22 years of experience, the company utilizes an extensive network of industry related accountants, attorneys, hundreds of registered buyers and enjoys longstanding relationships with most of the auto manufacturers. Pledging loyal and unwavering representation, confidentiality is vigilantly protected during the process and after the transaction closes.

With corporate offices in Irvine, California and three satellite offices in Utah, Florida and New Jersey, Performance Brokerage Services provides national exposure with local representation.

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Jason Stopnitzky
since: 10/2011
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