Description

Established 57 years ago, Wholesale Electric Supply has positioned itself as the oldest, most successful family-owned and operated lighting showroom/electrical distributorship in Northeastern Michigan. The Company has enjoyed many years of success and consistent growth by building a reputation and a customer base through a traditional approach to superior customer service, a knowledgeable staff, and quality products at competitive prices. As a Distributor of the major brands in both residential lighting and electrical supplies, Wholesale Electric is known for its vast inventory, and having it when nobody else does. In fact, customers are often directed to the store by its competition when they are unable to resolve the lighting and electrical problems of their client themselves

The current owner wishes to retire and pass on the Company to an individual(s) who has similar values and integrity and will carry on the long-standing traditions the Company’s customers have come to expect in quality products and exceptional service.

*Please Do Not Contact the Business, Employees or Owner Directly. All inquiries should be made through broker. Thank you.

Investment Highlights:
An extensive inventory of light fixtures and electrical supplies from the nation’s leading manufacturers to meet the needs of the most demanding clients.
An excellent reputation for quality products, competitive pricing, and superior customer service built over the Company’s 57-year history.
A long-standing customer base that includes major home builders and contractors, many of whom have been loyal customers for over 10-20 years in an otherwise competitive industry.
The majority of the staff has been with the Company in excess of 20 years lending to the advantage of a highly knowledgeable and experienced staff.

Growth Opportunities:
The addition of an online shopping cart to the Company’s website as well as an enhanced presence on other social media sites would likely boost sales and aid in turning over inventory.
The Company could benefit from hiring an outside sales person to cultivate new business and better serve existing clients.
Following the closure of several competitors in the surrounding area during the recent recession, opening a second location to better serve the adjacent counties has been something the current owner has considered. He believes that such an investment would be a wise decision in growing the Company and securing its marketplace.
An ambitious owner with an aggressive, tech savvy mindset could provide the fire and motivation needed to boost sales and energize employees toward further growth