The dealership acquisition trend, spurred by Warren Buffet’s recent purchase of the Van Tuyl Auto Group, continues
LIGHTNING RELEASES — October 8, 2014 San Juan Capistrano, CA Advising Automobile Dealers LLC a dealership consulting firm guided Orange Coast Chrysler Jeep Dodge Ram – San Juan Capistrano through the process of packaging, negotiating and selling its dealership in historic San Juan Capistrano, California
The Dealership
Located 1.3 miles from the famed Mission of San Juan Capistrano, the dealership was affiliated with the Talon Automotive Group which operates Orange Coast Chrysler Jeep Dodge Ram and Orange Coast Fiat / Alfa Romeo in Costa Mesa, California. Jonathan Gray is the CEO of the group.
The Orange Coast Auto Group, known as an organization of quality and fair dealing since its inception in 1981, will continue to operate its dealerships in Costa Mesa, California.
The Sale
Orange Coast Chrysler Jeep Dodge Ram – San Juan Capistrano entered into an Asset Purchase Agreement to sell its Chrysler Jeep Dodge Ram dealership to Scott Gruwell, manager of the family owned and operated Courtesy Chevrolet, in Phoenix, Arizona. The Courtesy group, which has serviced the public for over half a century, also owns Courtesy Chevrolet – San Diego, and looks forward to serving the San Juan Capistrano community.
The Closing
The closing of escrow for the dealership took place on October 6, 2014. The buyer’s attorney was Eric Falbe, of Falbe Law, Phoenix, Arizona, while the seller was represented by Sheldon Cohen, of Callahan Thompson Shermin & Caudill, LLP, LLP, an Irvine, California based law firm.
About the Advisor
Advising Automobile Dealers LLC (AAD) is the nation’s foremost consulting firm with respect to automobile dealership issues: purchases, sales, analysis, valuations, business plans and litigation support.
Andrews Coyle, a consultant for Advising Automobile Dealers LLC, and a former Ford Motor Company manager, took the lead in facilitating the transaction.
AAD’s managing partner, John Pico, is a student of the industry and in 1986, after selling his law firm and retiring from the practice of law, he published the first books to be placed in the United States Library of Congress delineating the Buying and Selling of Automobile Dealerships and Dealers’ Rights. Those books represented the culmination of over a decade of research and two years of writing and set the framework for the modern-day new car dealership buy-sell.
Advising Automobile Dealers LLC brings to the table experience and knowledge based upon consulting with automobile dealers in connection with the completion of over one thousand new car dealership transactions ranging from dealership buy-sells, employee theft, out of trust situations, estate valuations, partnership disputes, divorce settlements and preparing loan requests, to being the consultant to receivers and debtors in state insolvencies and federal bankruptcies, supplying interim management and litigation support and completing fraud investigations and asset searches.
Contact information: info@advisingdealers.com
Website: www.AdvisingDealers.com