Brumos is Sold
#1
Racer
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Brumos is Sold
The Field Automotive Group is in the process of purchasing all of the Brumos dealerships.
Richard Newton
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Richard Newton
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#3
RL Technical Advisor
It seems counter-intuitive to replace the Brumos name in February when the sale is completed.
Dropping one of the most well known and successful franchise names seems to be a poor long-term marketing decision unless they had an unfavorable local reputation.
Dropping one of the most well known and successful franchise names seems to be a poor long-term marketing decision unless they had an unfavorable local reputation.
#4
Drifting
Originally Posted by Steve Weiner-Rennsport Systems
It seems counter-intuitive to replace the Brumos name in February when the sale is completed.
Dropping one of the most well known and successful franchise names seems to be a poor long-term marketing decision unless they had an unfavorable local reputation.
Dropping one of the most well known and successful franchise names seems to be a poor long-term marketing decision unless they had an unfavorable local reputation.
#5
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The Brumos name will be dropped. Porsche requires dealerships to named "Porsche of xxxxx" I suspect the new name will be Porsche of Jacksonville.
It's also my understanding that the Brumos name was not a part of the purchase agreement. What the principals intend to do with the Brumos brand is unknown. At least to me.
Richard Newton
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It's also my understanding that the Brumos name was not a part of the purchase agreement. What the principals intend to do with the Brumos brand is unknown. At least to me.
Richard Newton
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The Brumos name will be dropped. Porsche requires dealerships to named "Porsche of xxxxx" I suspect the new name will be Porsche of Jacksonville.
It's also my understanding that the Brumos name was not a part of the purchase agreement. What the principals intend to do with the Brumos brand is unknown. At least to me.
Richard Newton
Historic Racing Images
It's also my understanding that the Brumos name was not a part of the purchase agreement. What the principals intend to do with the Brumos brand is unknown. At least to me.
Richard Newton
Historic Racing Images
The museum & Brumos racing are separate businesses, Bob Snodgrass's son has moved at least some of his cars our (I saw the Orange RS at his shop last week) Dano owns most of the other cars, and the right to the Brumos name. Still, a very sad day/
Dano did to Brumos, what he did to Winn Dixie.
I was at the event when Snodgrass bought Brumos back from Debra Gregg,
And put the Red White & Blue back into Brumos, was at his funeral and now this, a great era is truly gone.
The writing has been on the wall for a while, when they started cleaning house of the long time employees.
Very sad day.
http://www.racer.com/imsa/item/12443...fleet-retained
A good read.
http://www.imsa.com/articles/throwba...brumos-porsche
Last edited by racerbvd; 12-11-2015 at 01:56 PM.
#7
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#8
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It was great for Dano.
I've heard estimates of close to a billion dollars for the 7 stores. That may be a little crazy but a $700 million dollar deal would not have been unreasonable. A high end dealership in a good market can easily bring $100 million.
Richard Newton
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I've heard estimates of close to a billion dollars for the 7 stores. That may be a little crazy but a $700 million dollar deal would not have been unreasonable. A high end dealership in a good market can easily bring $100 million.
Richard Newton
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Because it is a legacy ended, Brumos was it's own Brand with great history, now it is no more. But since Bob Snodgrass passed, the brand had been going down hill, many, if not most of the People who made Brumos great, were pushed out, because, as long time employees, they represented $$$ on the books (one friend was let go after 49 years) something that would have never happened under Snodgrass, he would have promoted the 50th year and made a big deal out of it. Now, Fields has a chance to rebuild the dealership, which, another friend, who was let go after only 35 years, told me that Dano was prepping it for sale.
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Byron,your comments make no sense. Brumos is a great institution and has served its employees, the local community, and the car community well throughout its history. Before and after Bob. Suggesting the brand has gone downhill since Bobs passing is inaccurate. Many people have feelings and opinions on this topic but engaging in "what would have happened" and "what would have been" is unhelpful and irrelevant. This should be a time to remember what the Brumos brand actually means and has meant to people over its long history.
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The Holbert dealership was sold a long time ago and got bigger. The same with the Vasek Polak store.
These are franchises and they get sold. It's just the nature of the business. I'm guessing the business will get bigger under Fields leadership. They're smart people and know what they're doing.
Richard Newton
These are franchises and they get sold. It's just the nature of the business. I'm guessing the business will get bigger under Fields leadership. They're smart people and know what they're doing.
Richard Newton
Last edited by 73911; 12-19-2015 at 08:11 AM. Reason: Brumos, Holber, Vasek
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Byron,your comments make no sense. Brumos is a great institution and has served its employees, the local community, and the car community well throughout its history. Before and after Bob. Suggesting the brand has gone downhill since Bobs passing is inaccurate. Many people have feelings and opinions on this topic but engaging in "what would have happened" and "what would have been" is unhelpful and irrelevant. This should be a time to remember what the Brumos brand actually means and has meant to people over its long history.
These are franchises and they get sold. It's just the nature of the business. I guessing the business will get bigger under Fields leadership. They're smart people and know what they're doing.
Richard Newton
Richard Newton
#14
Team Owner
Sounds like Byron has a personal interest as he has friends that worked there and I totally get that. But from a business perspective we constantly look at salaries vs productivity and optimize it. It's the only way to be viable in this economy. I am sure the long term employees were given severance and you have to look at it realistically.
Is a 50 year employee really that much more valuable than a five or ten. Especially when factoring in salaries.
Bottom line is service organizations can not exist with marginal players at high cost. Everyone has to be at the top of their game and fit in the salary structure.
I'm sure the new blood will move the brand forward with paying total respect to its history and legacy.
Is a 50 year employee really that much more valuable than a five or ten. Especially when factoring in salaries.
Bottom line is service organizations can not exist with marginal players at high cost. Everyone has to be at the top of their game and fit in the salary structure.
I'm sure the new blood will move the brand forward with paying total respect to its history and legacy.
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Sounds like Byron has a personal interest as he has friends that worked there and I totally get that. But from a business perspective we constantly look at salaries vs productivity and optimize it. It's the only way to be viable in this economy. I am sure the long term employees were given severance and you have to look at it realistically.
Is a 50 year employee really that much more valuable than a five or ten. Especially when factoring in salaries.
Bottom line is service organizations can not exist with marginal players at high cost. Everyone has to be at the top of their game and fit in the salary structure.
I'm sure the new blood will move the brand forward with paying total respect to its history and legacy.
Is a 50 year employee really that much more valuable than a five or ten. Especially when factoring in salaries.
Bottom line is service organizations can not exist with marginal players at high cost. Everyone has to be at the top of their game and fit in the salary structure.
I'm sure the new blood will move the brand forward with paying total respect to its history and legacy.