Performance Brokerage Services Announces the Sale of St. Cloud Subaru in Minnesota

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.

About Performance Brokerage Services

Performance Brokerage Services, Inc. is the nation’s highest volume
dealership brokerage firm, specializing in intermediary services to buyers
and sellers of automotive, commercial truck, motorcycle, RV and equipment
dealerships.

Performance Brokerage Services offers a unique approach by providing
complimentary dealership assessments, no upfront fees, no reimbursement of
costs and is paid a success fee only after the transaction closes.

Clients benefit from utilizing an extensive network of industry related
accountants, attorneys, hundreds of registered buyers and longstanding
relationships with most of the auto manufacturers.

With corporate offices in Irvine, California, and 5 regional offices in
Utah, Florida, Texas, Virginia and New Jersey, Performance Brokerage
Services provides its clients national exposure with local representation.

After 25 years, 700 transactions and with a 90% closing rate, the company’s
reputation is unmatched and governed by the utmost ethical conduct,
integrity and transparency.

For more information about the services offered by Performance Brokerage
Services, visit https://performancebrokerageservices.com