#United States #Performance Brokerage #Chico Volkswagen #Chico Mazda #Chico

The Transition of Ownership: Chico Volkswagen and Mazda

In a significant development within the automotive dealership sector, Performance Brokerage Services has finalized the sale of two notable franchises, Chico Volkswagen and Chico Mazda, located in Chico, California. This transaction sees the esteemed Mark and Amy Abouzeid, the former owners, passing the torch to Mark Meyer, whose experience in real estate investment positions him well to sustain the legacies of these dealerships.

A Remarkable Journey

The story of Mark Abouzeid is one steeped in hard work and relentless passion. After dropping out of high school in Millbrae, California, he ventured to Chico in the early 1980s, initially finding work as a technician at a local dealership. However, with ambitions exceeding his role, he left to establish his path in the automotive industry.

In 1986, Mark founded Automotive Elite, specializing in European repairs and Bosch warranty service. With his unmatched technical skills, the business flourished within six months, allowing him to expand his team. By 1990, it became the first factory-authorized Volkswagen Audi Service Point in the United States, marking a cornerstone in his career.

As time passed, the Abouzeids launched Elite Auto Sales and, pivotal to their success, evolved into a full-fledged Volkswagen dealership in 2002, introducing Chico Mazda in 2015. Throughout this journey, they maintained a focus on employee growth and customer satisfaction, culminating in a thriving enterprise.

A Difficult Decision

After years of dedication, the decision to sell was a monumental one for Mark. He reflected on how Performance Brokerage Services and its co-founder, Jason Stopnitzky, offered supportive guidance during this transition. Mark expressed, "Selling my dealership was a monumental and complex choice. Jason made me feel like I was his only client… I'm beyond grateful to his incredible team."

As the owner of a family-run dealership, Mark was keen on finding a buyer aligned with their values and community. Stopnitzky's ability to connect with potential buyers was critical in ensuring the legacy of both dealerships would continue.

Meeting the New Owner

Mark Meyer, now at the helm of Chico Volkswagen and Chico Mazda, brings a wealth of experience from over ten years in the real estate sector as co-founder of Apex Equities. His expertise particularly shines in negotiating single-tenant net lease properties within the automotive industry. Meyer noted, "Jason Stopnitzky is one of the most genuine professionals I've worked with… I'm looking forward to many more transactions with him!"

While this transaction marks Mark's debut as a car dealership owner, his capable leadership is expected to uphold the high standards established by his predecessors, ensuring that the dealerships flourish in their existing locations in Chico.

Performance Brokerage Services: Industry Leader

Understandably, the success of this sale encapsulates the expertise of Performance Brokerage Services, North America's leading dealership brokerage firm. With a reputation built over 30 years and a track record of over 900 dealerships sold, they pride themselves on ethical conduct and integrity. Their unique model of offering complimentary value estimates without upfront fees further sets them apart in the market.

In light of recent trends, Performance Brokerage Services has continued to thrive, recently advising on over 300 dealership transactions in just five years. This not only highlights their industry dominance but also reflects their commitment to individualized client care and confidentiality during transactions.

As the Abouzeids transition into retirement, they leave behind a legacy rooted in community trust and business acumen. Mark Abouzeid's dreams of spoiling his wife after years of dedication are now within reach, thanks to the successful operation he established. This admirable story serves as an inspiration for aspiring entrepreneurs in the automotive field.

Conclusion

In closing, the successful sale of Chico Volkswagen and Chico Mazda underscores not only the dedication of its former owners but also paves the way for new opportunities under Mark Meyer's stewardship. The excitement surrounding this transition promises a bright future ahead for these dealerships.

For more information regarding Performance Brokerage Services and its array of services, visit Performance Brokerage Services Website.