Performance Brokerage Services, the leader in dealership buy-sell activity, announces the sale of Anderson Chevrolet in Lake Elsinore, California from Anderson Auto Group to Vikas Mehandroo.
IRVINE, Calif., July 11, 2023 /PRNewswire-PRWeb/ -- Performance Brokerage Services, North America's highest volume dealership brokerage firm, is pleased to announce the sale of Anderson Chevrolet in Lake Elsinore, California, from Anderson Auto Group to Vikas Mehandroo and the Aaron Auto Group.
Anderson Chevrolet, formerly known as Lake Chevrolet, opened for business in 1998. Originally part of Paradise Auto Group, which had dealerships in Lake Elsinore, Temecula, Santa Paula, and their flagship dealership in Ventura, California, which Performance Brokerage Services consummated the sale of in late 2021. In February of 2019, Jason Anderson, Owner and Principal of Anderson Auto Group, purchased the dealership and renamed it to Anderson Chevrolet. The dealership serves California's Inland Empire and San Diego's North County and offers a complete line-up of the latest Chevrolet trucks, cars, SUVs, and commercial vehicles. Anderson Auto Group owns and operates 9 auto and powersports dealerships in Arizona.
Following the sale, Jason Anderson commented, "I would like to take this opportunity to offer my formal recommendation of Jason Stopnitzky with Performance Brokerage Services. I've personally known Jason for many years and have relied on his expertise as a broker. Jason did an outstanding job arranging and streamlining the process of our most recent sale. Jason and his team were there every step of the way. His vast knowledge and business acumen were invaluable in bringing both parties together for a smooth acquisition. I highly recommend Jason to any Dealer Principal interested in being represented by a truly knowledgeable and hardworking professional."
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. In 2022, the company consummated 92 transactions, marking a record-breaking year. This transaction was exclusively facilitated by Jason Stopnitzky, Co-Founder of Performance Brokerage Services and Jonathan Forgy, CPA & Partner. Jason Stopnitzky shared, "I have known Jason Anderson for over 20 years. He is a friend and someone I admire greatly as a businessman and father. We were fortunate enough to sell him his two Ford stores in Arizona a few years ago, and now be called on to dispose of his only dealership in California. I am very grateful for the friendship that Jason and I have built over the years. I look forward to our continued growth together as we focus exclusively on Arizona and the goodwill his brand has built over the last 20 years in the state."
Vikas Mehandroo came to the United States 21 years ago and was introduced to the automotive industry as a salesperson. He quickly realized that it wasn't only about the cars, but about serving the people. He was promoted to Finance Manager and then to General Manager. Over the course of 12 years, Vikas served as General Manager for multiple dealerships and franchises including Toyota, Infiniti, CDJR, Nissan, and Ford.
In February 2021, Vikas decided he was ready for the next chapter in his career and made a commitment to himself that he would be a dealer principal by the end of the year. He teamed up with Performance Brokerage Services to help make that dream a reality, and purchased his first dealership, Aaron Ford of Poway, in December of 2021.
Vikas commented, "Jason Stopnitzky and Performance Brokerage Services is one of the major reasons we are where we are today. They helped us purchase our first dealership 18 months ago and we now wrapped up our second one with them. The fact that Jason called me back when I was looking to buy my first store, with no prior experience of ownership, and spoke with me for almost an hour to understand my needs and situation, tells you everything you need to know. I am forever thankful and owe Jason and Performance Brokerage Services a lot more than these words."
Vikas now owns and operates 3 dealerships in Southern California, which include Aaron Ford of Poway, Aaron Chrysler Dodge Jeep Ram of Norco, and now, Aaron Chevrolet of Lake Elsinore. Following the purchase, Vikas shared, "Jason is not your typical broker. He is more like a 5-star, personal concierge service who truly cares about you. The team at Performance Brokerage Services handles their clients like family. They are available, willing to listen, and able to work through tough situations. There are no easy deals, yet with Performance Brokerage, it all becomes easy. They are consummate professionals. If it were up to me, I would do all my deals with them. They don't play games, there are no surprises, and they keep it real. I'm sure these are traits learned from Moshe Stopnitzky, Jason's father, who is the founder of the company."
The dealership will remain at its current location at 31201 Auto Center Drive in Lake Elsinore, California and will be renamed Aaron Chevrolet of Lake Elsinore.
Vikas Mehandroo was represented by Jason Cruz, Attorney at Law in California, and Jason Anderson was represented by John Norling at Jennings, Strouss, and Salmon, P.L.C. in Phoenix, Arizona.
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 25 years of experience, 700 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, Inc., 9493092815, [email protected]
SOURCE Performance Brokerage Services, Inc.
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