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Sale Of Andrews Race Cars

Jun 18

Today is a day of mixed emotions for me. As many of you are aware we have had our business for sale for the past couple of years. Surprisingly I am not getting any younger, and some facets of the day to day operations of the business have become increasingly difficult for me. Last September we decided to list the business with BCI Group and their very helpful and enthusiastic broker Phil Lyons. With his help, a young couple Josh and Rebecca Stephenson made contact and after a few months of back and forth, today we exchanged contracts for the sale of Andrews Race Cars, the new ownership to take effect from July 1 2021.

Josh and Rebecca have big plans for the business after they are comfortable with how everything operates. I will be assisting them full time through the month of July and will be on call to them until December 31. I will not be completely comatose after that as they have indicated that they would like me to continue on a subcontract basis to keep them fully stocked with wheelie bar kits, anti roll bar kits, sway bar kits etc. Hopefully they will be able to supply immediately instead of the long wait time that happens now as I struggle to find the time to manufacture them. They intend to have a new website with online buying, and have already set about streamlining the invoicing system that is currently in place.

The business is staying in the same location as Josh and Rebecca have leased the buildings from us. They do intend to move to larger premises at a later date to make handling of stock much easier – something I should have done a few years ago.

It will be a big change for my wife Leonie and I as we will finally be able to take an extended holiday after 32 years running the business. Maybe we can torment a few Kiwis where we both came from 45 years ago. I would like to sincerely thank all of you who have helped this little business grow into what it is today. Many who started as customers have become dear friends. I thank you for that.

Rod and Leonie.

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