What is the story about?
What's Happening?
Kim Stenglein, a long-time employee, has acquired American Science & Surplus in Milwaukee to keep the store open. Previously managed by Patrick Meyer, the store faced financial challenges, prompting Meyer to launch a GoFundMe campaign that raised nearly $200,000. Despite the funds, the existing business model could not be sustained, leading to the sale. Stenglein plans to focus on brick-and-mortar sales, maintaining the store's hours and product offerings, albeit with fewer options per category. The Geneva, Illinois store was also sold to an employee, while the Park Ridge, Illinois store will close.
Why It's Important?
The acquisition by Stenglein is crucial for preserving the legacy of American Science & Surplus, an 88-year-old business cherished by its community. By keeping the store open, Stenglein ensures continued service to its loyal customer base, known as 'surpies.' The move highlights the importance of community support and employee ownership in sustaining local businesses. Stenglein's commitment to maintaining the store's operations and engaging with customers reflects a dedication to preserving the store's unique offerings and community ties.
What's Next?
Stenglein plans to develop new relationships with vendors to keep the store stocked and hopes to have operations running smoothly by 2026. While there are no immediate plans for online sales, Stenglein remains open to the possibility in the future. She aims to bring back the surplus aspect of the store and is actively seeking input from customers on desired products. The focus will be on maintaining the store's unique offerings and ensuring customer satisfaction.
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