George Chaconas of Performance Brokerage Services reports to Powersports Business that he has facilitated one of the largest buy-sell dealership transactions in the history of the Harley-Davidson Motor Co.
After 23 years, Tim Cashman, owners Don Andress and Tim Cashman have sold Las Vegas Harley-Davidson and Red Rock Harley-Davidson in Las Vegas and Henderson Harley-Davidson in Henderson, Nevada, to John Morotti. Also included in the sale is Zion Harley-Davidson, a Satellite Retail Location in Washington, Utah, and five Alternate Retail Locations located around the Las Vegas area including hotels, casinos and the McCarran International Airport.
The Harley-Davidson Motor Company first established a dealership in Southern Nevada in the 1940s. After multiple ownership changes, relocations and construction of new facilities, Andress acquired Las Vegas Harley-Davidson in 1995 from a longtime friend, Neil Nelson. In addition to being a lifelong resident of Las Vegas, Andress has been a lifelong motorcycle enthusiast, having taken his first ride on his father’s Harley-Davidson Flathead motorcycle at only one-and-a-half-years-old.
Cashman, another Las Vegas native, joined Andress in business in 1996 as part-owner. The Cashman family established the first automotive dealership in Nevada in 1910 and continued the legacy for three generations.
In 1998, Andress and Cashman built the world’s largest Harley-Davidson dealership, totaling 79,000 square feet, located on South Eastern Avenue. However, in 2014 they found a beautiful location on the famous Las Vegas Strip, where the dealership resides today. Las Vegas Harley-Davidson was named a Powersports Business Power 50 dealership in 2015 and 2018.
In 2000, Zion Harley-Davidson opened in Washington, Utah. It now operates out of a 20,000-square-foot facility.
Red Rock Harley-Davidson is known as the place to rock in a 104,000 square-foot facility.
Following the sale of his dealership group, Andress said, “We hired George Chaconas of Performance Brokerage Services because of his persistence, experience and professionalism. He identified a very unique and special buyer in John Morotti that saw the huge opportunity. We negotiated a quick and fair deal and closed on the sale without any issues. We will support John Morotti going forward as he will continue our legacy. It was definitely a miracle and we are very happy and grateful.”
William H. Stoddard, Jr. from Albright, Stoddard, Warnick & Albright based in Las Vegas represented the sellers as legal counsel in this transaction.
Morotti is also no stranger to the motorcycle business and the group of dealerships he acquired were a great strategic fit to compliment his existing portfolio. Morotti is the owner of Mother Road Harley-Davidson and Route 66 Motorsports in Kingman, Arizona, Superstition Harley-Davidson in Apache Junction, Arizona and Tobacco Road Harley-Davidson in Raleigh, North Carolina. Tobacco Road Harley-Davidson has been named a Power 50 dealership for the past three years in a row by Powersports Business.
Morotti had been looking for another dealership to acquire to expand his footprint throughout the Southwest.
“I have known George Chaconas for several years as the go-to-guy to help facilitate the buying and selling of Harley-Davidson dealerships,” Morotti said. “I asked him to keep me in mind when he had an opportunity that fit my profile. George introduced me to Las Vegas Harley-Davidson and the affiliated dealerships, and within a very short time, we had a deal.”
Robert A. Bass from Bass Sox Mercer in Tallahassee, Florida, represented the buyer as legal counsel in this transaction.
The dealerships will all remain at their current locations at 5191 South Las Vegas Boulevard and 2260 South Rainbow Boulevard in Las Vegas, Nevada, 1010 West Warm Springs Road in Henderson, Nevada and 2345 North Coral Canyon Boulevard in Washington, Utah.
Chaconas said, “I had built a relationship with Don Andress and Tim Cashman for over eight years, often meeting with them when I would visit Las Vegas and at the Harley-Davidson dealer shows. It was an honor to finally earn their business and assist them with selling their dealerships. Rarely do I have the privilege of representing such fine gentlemen and an iconic Harley-Davidson dealership group. I am very grateful for the opportunity to be of service. I look forward to seeing John Morotti continue the legacy that Don and Tim have built through so many years.”