Business Description

This profitable, well-organized, and well-managed distributor of electromechanical components and consumables has been supplying greater West Michigan manufacturers since 1993. They distribute an extensive product line including fuses, cables, batteries, circuit breakers, wire assemblies, and switches to a broad mix of industrial OEMs and subcomponent manufacturers. They also perform assembly work on a limited basis. The company is well known and respected within the industry for its quality and service and takes pride in offering only the best name brands to its clients.

The company has loyal and dedicated personnel that have been instrumental to the company’s growth and success.  The business has grown through long-term relationships with an established base of industrial clients and word of mouth, and it’s the local presence and ability of the sales team to meet customers face to face that sets them apart from the competition.

The company operates from a 16,000-square-foot facility located in a desirable West Michigan business park near multiple major highways. The facility is in excellent condition with floor space for additional growth as well as further footprint expansion.

Details:
Year Established: 1993
2022 YTD Gross Revenue: $2,480,639
2022 SDE (Adjusted Seller’s Discretionary Earnings): $321,000
Average Inventory: $600,000
Facility: 16,000 square feet built in 2001
Employees:  6 knowledgeable, long-term employees and 5-6 temporaries

Investment Highlights:

• Long-term customer relationships
• Comprehensive products and services
• Strong market position
• Dedicated workforce
• Room to grow

Growth Opportunities:

• Add new product lines
• Value-added manufacturing
• Additional sales personnel
• E-commerce and website
• Room to grow

Support & Training: The owner is willing to provide support and transition assistance
Reason for Selling: Retirement