Performance Brokerage Services, the leading automotive dealership brokerage firm, advises Seller, Scott Bement, in the sale of St. Cloud Subaru in St. Cloud, Minnesota.
St. Cloud Subaru was purchased by Scott Bement in November of 2006. He moved his family to St. Cloud, Minnesota, enabling him to be in the store daily to greet and help customers. To keep up with its growing demand, Bement built a new facility in 2015, which nearly doubled the dealership’s size. Bement was excited to keep the business in St. Cloud, and has remained very active in the community through Subaru’s Share the Love program. Subaru St. Cloud partnered with the local Boys and Girls Club and has donated proceeds for the last 7 years, totaling over $213,000.
Following the sale of his dealership, Bement commented, “Buying or selling an auto dealership can be a challenging transaction. I was happy to have people with experience like Paul Kechnie and Performance Brokerage Services to work through the details with me. Paul was always available, professional, and fair. Paul and Performance Brokerage Services have my recommendation!”
Over the last 5 years, Performance Brokerage Services has represented for sale over 200 automotive dealerships making it the highest volume automotive dealership brokerage firm in North America. Paul Kechnie, the exclusive agent for this transaction and the Midwest Partner for Performance Brokerage Services commented, “It was a privilege to have represented Scott Bement in the sale of his Subaru dealership. Subaru is a highly desirable franchise, demonstrating exceptional performance in specific markets and regions, and St. Cloud Subaru was no exception! We thank Scott for entrusting our team to guide him through the buy-sell process and to capitalize on this unique moment in time.”
The dealership will remain at its current location at 141 Park Avenue South in St. Cloud, Minnesota 56301.