Strategic Sale of Iconic Harley-Davidson Dealership Announced
Performance Brokerage Services Facilitates Significant Deal
Performance Brokerage Services, renowned in the realm of dealership buy-sell activities, has announced the sale of McGrath Dubuque Harley-Davidson. This significant transaction involved the sale from long-time owners Mike and Pat McGrath to John Jennerjohn and Brody Meier, further emphasizing the growing interest in motorcycle dealerships.
Expanding Business Horizons in the Motorcycle Industry
New Ownership Brings Local Expertise
John Jennerjohn and Brody Meier, both dedicated riders with strong ties to the regional community, are set to take over the operations of McGrath Dubuque Harley-Davidson. Their previous experience as owners of Iron Hill Harley-Davidson showcases their commitment to enhancing the motorcycle culture in the area.
A Focus on Community and Customer Experience
The newly acquired dealership will continue to honor its roots while expanding its offerings. As part of their commitment, Jennerjohn and Meier plan to maintain the dealership's current location, which has become a notable establishment along the Mississippi River, nestled within the heart of the Tri-State Area.
Dedicated Efforts of Performance Brokerage Services
Over the past five years, Performance Brokerage Services has facilitated the sale of nearly 400 dealerships, solidifying its position as North America's highest-volume dealership brokerage firm. The team comprised of George C. Chaconas, Senior Partner, alongside Partners Courtney A. Bernhard and Juan C. Pardo, served as the exclusive sell-side advisors for this noteworthy transaction.
Renaming and Future Plans for McGrath Dealership
Post-sale, McGrath Dubuque Harley-Davidson will undergo a rebranding, taking on the name Key City Harley-Davidson. This change reflects the new ownership's vision while maintaining the dealership's longstanding reputation for quality customer service.
About Performance Brokerage Services
Performance Brokerage Services, Inc. remains at the forefront as North America's leading dealership brokerage firm. With a rich history of over 30 years and more than 900 successful transactions, the firm operates under an ethical framework that prioritizes integrity and transparency.
What sets this firm apart is their innovative approach: offering complimentary estimates of value without requiring upfront fees or retainers, only charging a success fee upon closing a deal. This client-focused model has earned the firm a 90% closing rate and an excellent reputation within the industry.
Strategic Representation Across North America
Headquartered in Irvine, California, Performance Brokerage Services features 12 regional offices across the United States and Canada. This extensive network allows them to provide national exposure coupled with local representation, benefiting clients across a vast geographic area.
Leveraging Connections for Client Success
As industry experts, Performance Brokerage Services has built valuable relationships with a wide array of professionals in the automotive sector, including attorneys, accountants, and registered buyers. These connections enable them to offer tailored solutions that meet the specific needs of their clients.
Frequently Asked Questions
What is the significance of the sale of McGrath Dubuque Harley-Davidson?
This sale marks a transition to new ownership, which aims to expand the dealership's footprint while maintaining its community-focused service ethos.
Who are the new owners of McGrath Dubuque Harley-Davidson?
John Jennerjohn and Brody Meier, who have deep roots in the community and prior ownership experience, are the new owners.
What changes can customers expect at the dealership?
The dealership will be renamed Key City Harley-Davidson, with new owners committed to enhancing customer experience and services.
How has Performance Brokerage Services contributed to the sale?
Performance Brokerage Services acted as the exclusive advisors for this transaction, drawing from their extensive industry experience.
What distinguishes Performance Brokerage Services in the marketplace?
The firm boasts a high closing rate, integrity in dealings, and unique client approaches like providing free value estimates and success-based fees.
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