Profitable 100+ Year Old Distribution Company

Not Disclosed, MI

Asking Price: Annual Revenue:
Not Disclosed $17,665,002

Wholesale/Distribution: Non-Durable Goods

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RE: Profitable 100+ Year Old Distribution Company Broker: Seller of Business
Owner Financing is Available!
Limited Seller-Financing May Be Considered for Qualified Buyers.

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $17,665,002
Net Profit: Not Disclosed
Cash Flow: $912,725
Total Debt: Not Disclosed
FF&E: $392,800
Real Estate: Not Disclosed
Year Established: 1915
Employees: 43
BBN Listing #: 87345079
Broker Reference #: 062

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Business Overview:

***COVID Impact Statement recovery from the COVID-19 shutdown, ownership expects construction to return to previous levels over the next three to six months. As a result, sales are anticipated to return to at least pre-COVID levels. The shelter-in-place period was used for cleaning and improving facilities, training to increase the skills of sales associates, and reviewing business processes.

In the short run sales may be negatively impacted by social distancing, face masks, cleaning protocols, etc. but ownership does not expect it to last.

The owners are monitoring their supply chain. They have not seen shortages yet and suppliers are striving to diversify their manufacturing without increasing costs unnecessarily. Meanwhile, the Company is maintaining high inventory levels to serve its loyal customer base.
The Company is financially solid and does not anticipate any issues with its line of credit. Ownership feels that their end-users, commercial and residential customers, are eager to spend and they anticipate a V-shaped recovery***

This business markets and distributes electrical supplies and related fixtures from multiple wholesale and retail locations in the lower peninsula of Michigan. The Company’s primary goal is to operate for the benefit of all stakeholders including customers, vendors, employees, and stockholders. This is achieved by striving to offer the highest quality products and services at prices that provide the most possible value.

Over its long history, the Company has prospered via its commitment to being reliable, honest and fair-priced, and by offering a comprehensive (one-stop) catalog of products.

The majority owners of the company, now in their 70’s, would like to divest the business and retire.

Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency. You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the email cannot be found please email and request a PDF version.

Once we receive your NDA and answers to some basic questions the Confidential Offering Memorandum (OM) will be sent to you from the project manager.

IF YOU DO NOT RECEIVE A FOLLOW UP EMAIL AFTER YOU SUBMIT YOUR NDA, PLEASE CHECK YOUR JUNK MAIL FIRST. If you do not see the email there, please email us for support. Thank you in advance!

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Property Features and Assets:

The Company maintains multiple facilities consisting of office, retail and warehouse space.

Market Competition and Expansion:

Investment Highlights Include: 1) Financial Strength: The Company has performed profitably providing consistent cash flow for reinvestment into the Business. 2) Committed Upper Management: This Company has a dedicated and experienced staff which is key in forming a wide net of customer/supplier relationships along with building a recognized brand name. 3) Strong Relationships and Longevity: The Company has developed a strong network of trade contractors, which makes up a majority of the wholesale customer base. 4) Future Growth: The Company is poised for growth through geographic expansion into nearby territories and potential inorganic growth via acquisitions of smaller/underperforming competitors. 5) Consistent, Diversified Revenue: The Company’s top 10 customers make up only a quarter of their total revenue. Blanket purchase orders are in place with many customers driving recurring revenue. Growth and Expansion Pros and Cons: Growth Opportunities Include: 1) Online Marketing: The Company has recently started to use its website and the internet for producing sales leads. Online marketing is seen as a path toward the establishment of future long-term advertising strategies. By better understanding the source of online leads and by beginning to study and measure Google Analytics and other conversion metrics, the Company should ideally begin to better understand how to target and convert customers that come from the web. The Company has engaged a marketing firm to assist them in this endeavor. 2) Increased Sales Force: Adding outside salespeople would help increase sales. With more sales personnel, the Company has the ability to reach out to a larger network of contractors. 3) Excess Capacity: Revenue could be doubled or more with the Company’s current facilities.

Reason for Selling:


Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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