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May 13, 2020COVID Impact Statement: The business has been partially operational during the shelter-in-place order. Retail is closed and wholesale is running with a smaller crew. No staff has been laid off and the business successfully applied and received the PPP loan. Revenue is off approximately 30% from the previous quarter (Nov – Jan vs Feb – April). The Company is financially solid and does not anticipate any issues with its line of credit or vendor relationships. Ownership feels that their end-users, commercial and residential customers, are getting bored and they want to spend so things will recover quickly.

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 for support. Thank you in advance!

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Disclaimer: DealStream has not independently verified any of the information in this post and makes no warranty as to its accuracy or completeness.