Midwest Electric Industrial Supplier Business in W. IL For Sale
Illinois
| Asking Price: | $3,100,000 |
| Inventory: | $1,600,000 |
| FF&E: | $700,000 |
| Gross Revenue: | $8,700,000 |
| EBITDA: | $466,000 |
| Established Year: | 1953 |
Listing ID: 2304993Listing provided by BizBuySell
BUSINESS DESCRIPTION
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.
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
DETAILED INFORMATION
Location
Illinois
Inventory
Included in asking price
Real Estate
Owned
Building SF
30,000
Employees
23
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The Business operates from a 30,000 sq. ft. warehouse and showroom space on approx. 5 acres of land. Sale includes approximately $1,000,000 in commercial real estate and building improvements, nearly 70% depreciated.
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
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