Harley-Davidson Motor Company Buys Out Tramontin H-D of Hope, New Jersey
February 21, 2020
Performance Brokerage Services, a new car and Harley-Davidson dealership broker is pleased to announce the retirement of Tramontin Harley-Davidson in Hope, New Jersey.
Over 100 years in the business with an early start in the motorcycle industry, Tramontin Harley-Davidson was one of the oldest dealerships in the State of New Jersey. It took on its name in 1947 when it officially became a Harley-Davidson dealership run by Arthur “Bub” Tramontin. Strong family ties were amongst many memories shared. Bob Tramontin the son and retiring dealer of the late owner Bub Tramontin commented, “After much soul searching and contemplation about selling my family’s Harley-Davidson dealership of over 70 years, I reached out to Buy-Sell industry expert George Chaconas of Performance Brokerage Services. Based on current Buy-Sell market conditions, we were unable to find a qualified buyer. Thus after lengthy negotiations, we were able to reach a retirement incentive buyout with Harley-Davidson Motor Company. I sincerely appreciate George’s hard work, dedication and constant communication throughout the process so I could move forward with retirement in Florida. If you are a long-time dealer and considering selling or doing a retirement buyout with Harley-Davidson, I would highly recommend George Chaconas of Performance Brokerage Services.”
Over the last 5 years, Performance Brokerage Services has represented for sale over 250 automotive and motorcycle dealerships making it the highest volume automotive and motorcycle dealership brokerage firm in North America.
George C. Chaconas, the exclusive agent for this transaction and the head of the National Harley-Davidson and Powersports Division for Performance Brokerage Services commented, “Closing a dealership and considering retirement is one of the hardest decisions an owner has to make. Current market conditions and industry influences led to working with the Harley- Davidson Motor Company and ultimately proceeding with the retirement.” He also went on to say, “It was an honor to assist Bob Tramontin in the retirement of his dealership. The motorcycle industry has seen a downturn and hardships and with much thought, retirement was the best option.”