SOLD: $6,500,000 Including Stock
Business Overview
This incredibly lucrative automotive parts and accessories wholesaler is at the forefront of the industry. Successfully operating for over 15 years it is recognised as the industry leader in its field and sells only the most reputable and recognised brands best suited to Australia’s popular performance cars market.
The business exclusively imports, wholesales, and retails certain brands and remains the key stockist for many others; allowing the business to maintain a competitive advantage over any competitors. All retail sales are online direct to the consumer. Retail sales account for approximately 36% of total sales.
The business has continued to see significant increases in turnover through the past 5yrs ranging from 25% to 40% each year.
With only 5 days of operation, strong profits, an experienced team in place, a new lease and premises, and a solid online presence; this is a great investment opportunity for any buyer.
The owner is prepared to assist with an extensive handover if required, based on the buyer’s individual requirements.
Features
Increased revenue year on year 25-40%
High turnover of circa $15M in FY21
Exclusive importer of top quality recognised brands
Over 15 years of operation
Minimal staffing requirements with payroll approx 3% of total revenue
Financials
FY19 Revenue/EBITDA: $8,092,921/$939,273
FY20 Revenue/EBITDA: $10,464,916/$1,043,901
FY21 Revenue/EBITDA: $14,819,664/$1,473,423
FY22 Projected Revenue: $16,000,000+
Premises
1,300 sqm
Rental Expense $120,000 p/a
A new lease will be provided to the successful purchaser with fair market terms
Buying a business is easy with Vision
"We understand that as every business is different, so is every buyer. Ask your broker about the information that the Vendor will make available as part of due diligence, so you know what to expect at the beginning of the process."
Daniel Kogan
Senior Partner
Licensed Business Broker
m: 0401 620 918
t: (02) 8923 2632
The Purchaser is responsible for conducting their own investigations in relation to this business and VBA does not warrant the accuracy of any information contained in this business.