Auto dealer purchases local Harley-Davidson dealership
News release
Performance Brokerage Services is pleased to announce the sale of Patriot Harley-Davidson in Fairfax, Virginia from Robert DeHaven to Vince Sheehy.
Sixty-nine-year-old Mr. Robert C. DeHaven recalls fond childhood memories of being a Harley-Davidson enthusiast with his father. Wishing to spend more time with his wife and young son, Robert contacted George C. Chaconas of Performance Brokerage Services, a Harley-Davidson and auto dealership broker, to facilitate the sale of his dealership, Patriot Harley-Davidson.
Robert received an open point from Harley-Davidson Motor Company in 1997 and opened Patriot Harley-Davidson in Fairfax, Virginia on April 1, 1999. Located at 9739 Fairfax Boulevard, the dealership utilizes 2.7 acres of land featuring a 27,345 square foot, state of the art facility.
Following the sale of his dealership, Robert DeHaven commented, “I invited George to meet with me offsite to discuss selling my Harley-Davidson dealership. George and I built a great rapport where I felt comfortable to hire him to market and sell my dealership. George and Performance Brokerage Services created a very professional and thorough marketing prospectus showcasing my dealership beautifully, identified numerous qualified buyers in a short period of time, and successfully negotiated a win-win sale to Sheehy Auto Stores.
George was highly professional, diligent and very helpful to me during the buy/sell process. George will become more than just your broker, he will become your friend. If you are considering selling I would highly recommend George Chaconas and Performance Brokerage Services.”
George Chaconas of Performance Brokerage Services introduced Robert DeHaven to Mr. Vince Sheehy IV, President of Sheehy Auto Stores, Inc. and the eventual buyer for Patriot Harley-Davidson. Also based in Fairfax, Sheehy Auto Stores was a natural buyer. Sheehy Auto Stores offers its customers 17 locations throughout the Mid-Atlantic region representing 9 new car franchises, including Ford, Lincoln, Honda, Lexus, Nissan, Subaru, Hyundai, Infiniti and Volkswagen. Sheehy Auto Stores began as a single Ford dealership in 1965 in Washington D.C. and by 1975, Sheehy Ford was the largest Ford dealership in the United States.
Sheehy Auto Stores currently sells over 30,000 vehicles annually and generates over $900 million in revenue.
Vince Sheehy IV earned his MBA from the Wharton School at the University of Pennsylvania. Working at General Mills as a marketing manager, he could not deny his natural inclination towards the family business and the auto industry. In 1987, Vince joined his family and quickly became the President of Sheehy Auto Stores in 1998.
After the purchase of Patriot Harley-Davidson, Vince Sheehy IV commented, “It was an exciting opportunity to add the Harley-Davidson brand in one of our largest market areas. George provided me with a professional, comprehensive package which helped me understand the market conditions and the opportunity. I relied on George’s industry knowledge and experience to help navigate the transaction. He always very responsive, timely and communicated very effectively throughout the process. I am very pleased how George handled himself as a professional and a Harley-Davidson specialist and industry expert.”
George Chaconas, the representative for this transaction and the head of the National Harley-Davidson and Powersports Division shared, “Rarely, do we get the opportunity to represent such an iconic operation as Patriot Harley-Davidson. It was my great pleasure to have assisted Mr. Robert DeHaven with his business plans. We wish him an enjoyable retirement and thank him for the business. Mr. Vince Sheehy was a logical buyer for the Harley-Davidson dealership benefiting from synergy and implementing similar business practices that built an incredible automotive group spanning over 50 years.”
