Dealership Sold

Streit’s Motorsports

Gainesville, Florida

Performance Brokerage Services, a Harley-Davidson, powersports and new car dealership broker, announces the sale of Streit’s Motorsports in Gainesville, Florida from Michael and Marion Jones to RideNow Powersports. This transaction was exclusively facilitated by Mr. George C. Chaconas of Performance Brokerage Services.

Mr. Hershell Streit, founder of Streit’s Motorsports in the early 1970’s, began his career in 1947 where he operated out of a 520 square foot building selling bicycles. After seeing success, he relocated the business to a 20,000 square foot facility and added lawnmowers and motorcycles to his product lines. In 1989, Hershell Streit sold Streit’s Motorsports to Michael and Marion Jones. Hershell Streit passed away in 2013 at the age of 92.

In 1963, Michael Jones was hired as a mechanic for Hershell Streit, only to later become the General Manager of one of the operations. When Michael purchased Streit’s Motorsports, Honda motorcycles was the only brand represented. Michael immediately expanded his offerings to include Yamaha and Kawasaki brands, and during 1999, he also introduced the Suzuki and Triumph motorcycles to the brands offered.

Today, the store boasts 17,250 square feet, located at 4820 Northwest 13th Street in Gainesville, Florida, and comprises of 3 acres along the highway. Ready to retire from the business, Michael and Marion Jones contacted George C. Chaconas, the head of Performance Brokerage Services’ National Harley-Davidson and Powersports Division, to help them sell their motorsports dealership. Following the successful sale of his dealership, Michael Jones commented, “George helped me and my family to prepare for the next phase of life and retire from the business. George Chaconas and Performance Brokerage Services are true professionals. They get the job done!”

Owning two dealerships in Ocala, Florida and looking to expand their footprint in the Southeast, RideNow Powersports viewed Streit’s Motorsports as an ideal strategic acquisition. The CEO of RideNow Powersports, Mark Tkach, stated “After hearing rumors that the multi-line powersports dealership could be for sale, I contacted George Chaconas to investigate it. George made contact with the dealer and provided us the opportunity to make an offer on the dealership.” With headquarters located in Tempe, Arizona and 23 locations nationwide, RideNow Powersports is one of the nation’s largest motorsports and powersports dealers. After the purchase of Streit’s Motorsports and pleased with the services provided by George Chaconas, Mark Tkach advocated “If you are in the market to buy or sell a Harley-Davidson or powersports dealership, I highly recommend George Chaconas and Performance Brokerage Services.”

George C. Chaconas heads the National Harley-Davidson and Powersports Division at Performance Brokerage Services and was the representative for this transaction. Following the sale, George said “It is always a pleasure to work with RideNow Powersports and be a part of their growth and expansion plans. It was also personally rewarding to have assisted Mike and Marion Jones with their desires, and I wish them an enjoyable retirement.”

Seller:Michael & Marion Jones
Buyer:Mark Tkach
Facilitated by:George C. ChaconasSenior Partner, CBI/M&AMI

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