What is Ide Honda?
Ide Honda is a long-standing, family-owned and operated Honda dealership located in Penfield, New York. Founded by Dick Ide in 1970, the dealership has been a fixture in the community, adding the Honda franchise in 1973. Current operations are led by Mitch Ide, who took over daily operations in 2007, alongside his wife Anne (CFO), son Rich (Vice President), and Rich's wife Stephanie. The company emphasizes a philosophy of fairness and honesty in its business practices, aiming to simplify the car-buying process for customers. Their commitment to family values and customer service has been a cornerstone of their sustained success in the competitive automotive market.
How much funding has Ide Honda raised?
Ide Honda has raised a total of $1M across 1 funding round:
Debt
$1M
Debt (2020): $1M with participation from PPP
What's next for Ide Honda?
The recent strategic investment of $1M positions Ide Honda for continued expansion and operational enhancement. As a family-owned enterprise with deep roots in the Penfield community, this financing is likely to support initiatives aimed at strengthening customer relationships, potentially expanding service offerings, or upgrading dealership facilities. The company's focus on a 'Be Fair and Honest' philosophy, combined with this capital injection, suggests a strategic approach to maintaining its competitive edge and reinforcing its reputation as a trusted automotive provider.
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