Description

Established 55 years ago, this residential lighting showroom and electrical distributorship business has become a staple in the market. The Company has enjoyed many years of success by building a reputation and a customer base featuring the traditional approach of superior customer service, knowledgeable staff, and quality products at competitive prices. Carrying all the major brands in residential lighting, the Company is known for having any product it advertises in stock, and customers are often directed to the store by its competition when they are unable to find lighting solutions elsewhere.

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.

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 and superior customer service built over the Company’s 55-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 mindset could provide the fire and motivation needed to boost sales and energize employees toward further growth

Posted Sep 17, 2015

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