Ever dreamed of combining your passion for cars with a great lifestyle and a solid income? ABC Business Sales is super-stoked to represent Speed Science, an importer and distributor of performance and after-market car parts and accessories.
The business operates exclusively online, with all sales managed through its e-commerce platform to a host of retail and wholesale customers. It is being brought to the market by ABC’s Paul Buer.
Speed Science has been trading since 2013 and sources its stock from a hand-picked range of distributors in the USA, Asia and Europe.
Careful and ongoing inventory selection has made for steadily increasing profits and has positioned the business for sustained growth.
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It’s a business that lives and breathes the performance car industry, and is here to help when you need performance parts at an accelerated pace.
Speed Science is about fair and affordable pricing and industry-leading customer service.
"When Speed Science says: 'We will never lie or give overly optimistic shipping times frames just to get a sale', they mean it," Buer says. "They are always upfront about what they stock and what they don't. If they do not have the part locally or cannot get it within your required time frame, they promise to let you know and tell you honestly when it will get here."
Whether you have a question, would just like a quote, know what you want to buy already – or even if you simply need some after-sales service – Speed Science is here to make your experience with them as smooth, cheerful, and helpful as possible.
Speed Science enjoys consistent cash flow with monthly revenues averaging $350-400,000, gross profit margins around 35% and impressive profitability. The business is showing a cash surplus of around $820,000 for the most recent financial year.
The steady growth in top-line sales over the last three years suggests this level of performance is sustainable and is achieved by an owner working part-time in the business, around 2-3 hours per day. Main tasks include reviewing new product opportunities, negotiating supply terms/rates, signing off payments, and managing staff welfare.
The business operates from a warehouse of around 330m2 which adequately accommodates current stock requirements and predicted growth volumes. It includes office/administration and utilities space of around 50m2.
The premises are available for lease or the business could be easily relocated. There are no physical sales on-site so the location is not critical to business operations or performance.
Speed Science is a well-established importer and online retailer with a growing clientele, experienced staff, and substantial profitability. Sales volumes are increasing and there is potential to expand the product range. It has excellent cash flow and limited working capital requirements.
Contact: Paul Buer – 021 877 035
- Article supplied by ABC Business Sales
