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And speaking of opportunity... why not consider buying all ProTeam's Corvettes at cost and the engine (company) that has driven impressive cash flow and profits for over 20 years. Yep! That's right! Fred and I have been banging the sell idea around for several years and we feel confident that capable, informed and interested parties are right here in our database... well poised to acquire the ProTeam business and take it to the next level.
What's For Sale: ProTeam Corvette Sales has long been recognized as the nation’s leader in classic Corvette sales, service and restoration. The winning bidder for the Company will receive the following list of tangible and intangible assets which have been the foundation upon which we built our outstanding reputation.
- • Inventory - The world famous collection of classic Corvettes, with many being beautifully restored to like-new condition and carrying prestigious honors such as the Bloomington Gold Certification, the coveted NCRS Top Flight award, and the Triple Crown designation.
• People – Our highly competent management team and operating personnel secured by employment contracts with key personnel.
• Customer Base – Our customer list spans all 50 states and 38 countries around the globe.
• Contact Lists – Our conventional mailing list that includes 350,000 contacts and our e-mail list that includes 40,000.
• Marketing Foundation – Ownership of the ProTeam brand and its extensive bank of marketing concepts and strategies, as well as the ProTeam website (operative since 1995) and more than 60 domain names/URLs.
• Facilities & Equipment - Approximately 60,000 sq. ft. of storage buildings to house the inventory as well as the facilities, transportation and capital equipment required to restore, repair, service, maintain and display purchased Corvettes as they arrive.
• Processes & Systems – Our proprietary sales, service, and accounting systems, policies, and procedures.
• Cash Flow – The ongoing annual cash flow generated from the business due to effective application of people, processes, and assets.
If you’re interested, here are the next steps:
1. Indication of Interest - Email David Rupp with your indication of interest at rupp@mccannrupp.com
2. Pre-Qualification - To pre-qualify, you must provide us with your credit references, your basic plan for funding a purchase of this magnitude, and your permission to discuss your funding capability with your banker or similar folks at the appropriate time.
3. Confidentiality Agreement - Once you’re pre-qualified, we will send you a confidentiality agreement.
4. Information Packet & Bid Instructions - Subsequent to receiving your signed CA, we will send you a detailed information packet on the company as well as further instructions regarding the bid submission process.
page update: July 20, 2012
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