Performance Brokerage Services Facilitates Sale of Hawkeye Harley-Davidson to Junge Automotive Group

Sale of Hawkeye Harley-Davidson: A New Chapter Begins

Overview
In a significant move within the automotive dealership landscape, Performance Brokerage Services has successfully facilitated the sale of Hawkeye Harley-Davidson, located in Coralville, Iowa. This deal transitions the ownership from Mike and Pat McGrath to Junge Automotive Group, a family-owned dealership known for its commitment to serving Eastern Iowa.

About the Deal
Performance Brokerage Services, recognized as North America's leading dealership brokerage firm, specializes in buy-sell transactions across multiple dealership types. With a remarkable track record, the firm has advised on nearly 400 dealership sales in the past five years, highlighting its dominance in the market. George C. Chaconas, a Senior Partner at Performance Brokerage Services, alongside Courtney A. Bernhard, played pivotal roles as exclusive sell-side advisors during this transaction.

Hawkeye Harley-Davidson’s Legacy
Founded as the first motorcycle dealership in the McGrath portfolio in 2013, Hawkeye Harley-Davidson features an impressive 46,283 square-foot facility. Notable amenities include a spacious showroom, a drive-in service center, and climate-controlled storage. The dealership even hosts a Harley Owners Group (HOG) chapter room, fostering community among motorcycle enthusiasts. The interior design is a unique homage to the University of Iowa's Hawkeyes and the iconic Kinnick Stadium, giving it a beloved local flair that resonates with the community.

New Ownership and Future Plans
With the acquisition by Junge Automotive Group, the dealership will undergo a branding change to become Junge Iowa City Harley-Davidson, maintaining operations at its current location. Junge Automotive Group brings a wealth of experience in the automotive industry to this new venture, further enriching their portfolio that already includes various dealership locations in Hiawatha and North Liberty.

Performance Brokerage Services’ Expertise
Performance Brokerage Services is renowned for its specialized approach in facilitating dealership transactions. With over 30 years in the industry, the company has sold more than 900 dealerships, boasting a staggering 90% closing rate. Their commitment to providing complimentary value estimates, free of upfront fees or retainer costs, distinguishes them in a highly competitive field. Instead, they earn a success fee only after transactions are successfully completed.

Conclusion
The transition of Hawkeye Harley-Davidson to Junge Automotive Group marks an important milestone for both parties. Performance Brokerage Services has once again demonstrated its capacity to manage significant brokerage activities within the automotive industry, ensuring smooth and successful transitions. This acquisition not only expands Junge's automotive offerings in Iowa but also continues the legacy of Hawkeye Harley-Davidson as a celebrated destination for motorcycle enthusiasts. For more information on Performance Brokerage Services and their offerings, you can visit Performance Brokerage Services.