Irvine, California (PRWEB) May 21, 2014
Performance Brokerage Services, a new car dealership broker, announces its Strategic Buying program, offering car dealers the opportunity to target specific markets and dealerships to acquire. Based on a multitude of criterion as franchise, geography, market size, sales volume, etc, Performance Brokerage Services will solicit specific dealerships matching that criterion on behalf of a single buyer, allowing the buyer the room to negotiate without competition.
After the recession, the marginal dealerships were either shut down or purchased. Today, with fewer dealerships in operation and with an industry-wide recovery, the overall dealer body is again healthy, profitable and even flourishing. As heavy-hitting buyers are actively and consistently searching for car dealerships for sale, the basic economic principles of supply and demand are more prevalent today than ever before. Therefore, the typical cost to buy a car dealership has once again returned to the extraordinary levels prior to the recession.
Having been providing professional intermediary services to buyers and sellers of new car dealerships for over 23 years, President of Performance Brokerage Services and auto dealership broker himself, Moshe Stopnitzky states, “Traditional listings are fewer and fewer these days. More deals are done between lawyers, accounts and brokers leveraging their personal relationships.”
By tapping into their networks of hundreds of national dealers, automotive attorneys, accountants and even their longstanding relationships with most of the auto manufacturers, Performance Brokerage Services is able to solicit and identify acquisition candidates before dealerships are for sale on the open market. This Strategic Buying program allows buyers to handpick their ideal acquisition targets and provides them with the room to negotiate without the competition of other buyers.
With 4 regional offices and over 400 successful transactions consummated, Mr. Stopnitzky believes this new business model can become the future of auto dealership brokerage. The difficulty with this model, says Mr. Stopnitzky, is “finding the right buyers who are well qualified and motivated enough that we could confidently represent to a prospective seller that should he or she entertain a private meeting with our client, all negotiations will be quick, fair, without financing contingencies and of course, confidential.”
“After 23 years in this business, I have seen a revolving door of brokers come and go. Many of them hustle a few deals and ultimately fall victim to loose practices, or sometimes even integrity” says Mr. Stopnitzky. He continues, “It is our reputation in this industry, one of exceptional integrity that assures prospective sellers that our inquiry is genuine and should be seriously considered. Our long-term trusted reputation also reassures the sellers that all interactions will be kept strictly confidential.”
Sticking to the traditional commission structure in the brokerage community, when becoming a client of Performance Brokerage Services’ Strategic Buying program, clients are not charged any upfront fees nor responsible for any reimbursement of costs. Performance Brokerage Services charges a success fee only, and is paid only after the buyer is in control of the targeted acquisition.
As the highest volume automotive dealership brokerage firm, Performance Brokerage Services has seen tremendous success with this new business model; representing over 50% of their transactions year-to-date.
Moshe Stopnitzky concludes with the company motto, “We know you have a choice. We want to earn your business. We pledge to do it right, every time. One client at a time.”
Performance Brokerage Services, a car dealership broker, specializes in professional intermediary services to buyers and sellers of automotive, 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.
With over 23 years of experience, the company utilizes an extensive network of automotive accountants, attorneys, hundreds of registered buyers and enjoys longstanding relationships with most of the auto manufacturers. The mediators at Performance Brokerage Services have been involved in well over 400 transactions. Pledging loyal and unwavering representation, confidentiality is vigilantly protected during the selling process and after the transaction closes.
With corporate offices in Irvine, California located at 7545 Irvine Center Drive, Suite 200 and three satellite offices in Utah, Florida and New Jersey, and a dedicated Harley-Davidson and Powersports division, Performance Brokerage Services provides its clients national exposure with local representation. For more information about the services offered by Performance Brokerage Services, visit http://www.performancebrokerageservices.com.