Midwest Electric Industrial Supplier Business For Sale
Non-Disclosure & Confidentiality Agreement Link
Location: Western Illinois
Established: 1953
Minimum Business Asking Price: $3,100,000
- Includes approximately $1,600,000 in Inventory
- Includes approximately $700,000 in nearly fully depreciated FF&E
- Includes approximately $1,000,000 in commercial real estate and building improvements nearly 70% depreciated
Financial Highlights
- 2023 Gross Sales: $8.70MM
- 2023 Adjusted EBITDA: $466K
- 2021-2023 3-Year Weighted Average Gross Sales: $8.58MM
- 2021-2023 3-Year Weighted Average Adjusted EBITDA: $456K
Business Summary
A globally recognized, locally owned and operated Midwest Electric Industrial Supplier located in Western Illinois offering a complete line of electrical supplies. Ranging from residential to commercial lighting products, electric motors, low voltage relays and switches, power/hand tools, etc. for electrical contractors, institutions, and homeowners.
The Business also has a fully operational, semi-related and profitable subsidiary business, with its own brand and profit center located within their main facility.
The Business also has a fully operational, semi-related and profitable subsidiary business, with its own brand and profit center located within their main facility.
Staffing
- 1 Full-Time Owner
- 16 Full-Time Hourly Employees
- 3 Part-Time Hourly Employees
- 3 Full-Time Salaried Employees
Facilities
- 30,000 sq. ft. warehouse and showroom space on approx. 5 acres of land.
- 60 Public Parking Spaces
Support & Training
The seller is willing to stay on with a new owner to maintain the distribution and showroom sales responsibilities.
Reason for Selling
Retirement.
Please complete the NDA at this link here to receive the full Confidential Information Memorandum.
CIM 1.0 includes:
- Additional Staffing Information
- Website Information/Screen Shots
- Location & Facility Information
- Photographs by Division
- Product Lines
- Historical Financial Summary & Recasting
- Next Steps
Seller is advised by Marigold Resources in Davenport, Iowa and Seller pays Marigold's fee.
Please contact Marigold Resources at (563) 424-5707
Chris Barnard - Managing Partner cbarnard@marigoldresources.com
Todd McGreevy - Managing Partner todd@marigoldresources.com
DISCLAIMER: All information contained in this document has been provided by the subject company to Marigold Resources and while believed to be correct has not been verified. Accordingly, Marigold Resources makes no representations or warranties as to accuracy and truthfulness of such information. The recipient hereof acknowledges that Marigold Resources shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by Marigold Resources of this document. Marigold Resources’ fee is paid by the Seller.