This profitable, well-organized and well-managed distributor of electronic 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 OEM’s and subcomponent manufacturers. They also perform assembly work on a limited basis. The company is well known and respected within the industry for their quality and service, and takes pride in offering only the best name brands to their 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.
The company has come back well since COVID-19.
Year Established: 1993
2021 Gross Revenue: $2,995,804
2021 SDE (Adjusted Seller’s Discretionary Earnings): $445,000
Average Inventory: $600,000
Facility: 16,000 square feet built in 2001; month-to-month lease
Employees: 6 knowledgeable, long-term employees and 5-6 temporary
Support & Training: Owner is willing to provide support and transition assistance
Reason for Selling: Retirement