Go Back   DealershipForum.com > Regional Forums > Northwest Region > Automotive Discussions

Notices

Reply
 
Thread Tools Display Modes
Old 05-05-2012, 12:11 AM   #1
Moshe @ Performance Brokerage Services
Supporting Sponsor
 
Join Date: Sep 2011
Posts: 213
Default Gresham Nissan, Oregon

After 4 years we have finally closed on the sale of Gresham Nissan in Gresham Oregon. The seller was Tony DiVito and the buyer was Josh Griffin from WY. We are confident that Josh will turn the acquisition into huge success. We extracted the Nissan from a dualed situation with Subaru and relocated it to the shut down Saturn facility near by.

For the full press release: http://goo.gl/zUvDe

Moshe Stopnitzky, President
Performance brokerage Services, Inc.
http://www.performancebrokerageservices.com

Last edited by Moshe @ Performance Brokerage Services; 02-10-2014 at 05:51 PM.
Moshe @ Performance Brokerage Services is offline   Reply With Quote
Old 05-07-2012, 11:12 AM   #2
XDCX
Administrator
 
Join Date: Nov 2007
Posts: 14,861
Default

Mosche,

Thanks for the update and congratulations for putting together a deal that's been in the works for four years.

I read the press release and was intrigued by the challenges you and the seller had to overcome as it related to splitting a dualed franchise where one of the OEMs had more control due to existing flooring agreements and real estate loans.

I also thought it was interesting you commented the recession actually helped facilitate this deal because it was easier to find an under-utilized dealership facility allowing you to split-up the dual because each OEM is demanding a separate facility.
XDCX is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
51% of a Nissan Dealership for $300K? XDCX Sales 25 01-22-2015 10:29 AM
Future Product for Nissan XDCX Sales 2 07-08-2013 10:16 PM
Oregon Dealers want a "Blue Law" XDCX Automotive Discussions 2 12-06-2008 10:04 AM
New Emissions Laws for Washington and Oregon XDCX Automotive Discussions 0 06-10-2008 09:19 AM
Will Chrysler and Nissan do a deal together? XDCX Sales 3 03-06-2008 10:09 AM


All times are GMT -7. The time now is 08:37 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Copyright DealershipForum.com - 2008 - 2016