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Old 11-21-2013, 04:44 PM   #1
Moshe @ Performance Brokerage Services
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Default The iconic Fremont Ford in N. California sold.

Performance Brokerage Services is pleased to announce the successful sale of Fremont Ford in Newark, California to Mike Patel.

The seller, Mr. Steve Hallock, has been in the car business for over 40 years and has owned and operated several dealerships throughout the East Bay in northern California.

Fremont Ford was acquired by Mr. Hallock in June 2005 when the dealership was on the verge of a bankruptcy. Mr. Hallock built an incredible team which helped him in creating an iconic Ford dealership in that area.

Mr. Hallock decided to retire from automotive retail. We wish him the best of luck in his future business endeavors.

Moshe Stopnitzky, President
Performance Brokerage Services, Inc.
www.performancebrokerageservices.com
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Old 11-22-2013, 11:50 AM   #2
XDCX
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Moshe,

Congratulations on another successful transaction for Performance Brokerage Services.

It's great to hear that Fremont Ford was able to survive the recession and has now been sold to a new owner as a successful/viable dealership. I know that Northern California was hit hard by the recession and the collapse of the real estate market and a lot of good dealers were not able to survive the downturn.

Congratulations to Mr. Mike Patel and I wish him and his team great success with their new acquisition.
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