Business Summary

This profitable, well-organized, well-managed electrical components and consumables distributor has been supplying 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. 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 dedicated, long-term and dedicated personnel who 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. The knowledgeable sales team’s local presence and ability to meet customers face-to-face sets them apart from the competition.

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

Year Established: 1993
2022 Gross Revenue: $3,018,453
2021 Gross Revenue: $ 2,890,340
2022 SDE (Adjusted Seller’s Discretionary Earnings): $348,848
Average Inventory: $659,000 (completed December 31, 2022)
Facility: 16,000 square feet, built-in 2001
Employees:  6 knowledgeable, long-term employees and 5-6 temporary

Investment Highlights:

• Long-term customer base with top-tier clients
• Comprehensive offering of products and services
• Strong market position and strong position in a niche market segment
• Significant room for expansion and growth in facilities, employee opportunities, and market
• Consistent growth in sales and revenue

Growth Opportunities:

• Add new product lines
• Add additional value-added manufacturing
• Hire additional sales personnel located in strategic markets
• Add E-commerce and an updated website, as there is currently limited e-commerce activities

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