An impartial electric-powered and plumbing dealer recognized for sharing understanding with DIYers in Bend is closed.
Searings Electric and Plumbing at 1259 NE Second St. Closed approximately a month ago, proprietor Scott Steinbrecher said. Searings filed for bankruptcy safety on April 11. Steinbrecher changed into no longer to be had to reply to questions Monday.
The business struggled over the last couple of years, and Steinbrecher was offered a process utilizing a competitor, lawyer Brian Hemphill of McCord & Hemphill stated. Steinbrecher’s preliminary plan becomes to wind the business down on his personal, but he didn’t have time, he said.
Searings filed a Chapter 7 bankruptcy, which is an organized liquidation of belongings. The constructing and land are owned with the aid of the John Steinbrecher Family Trust.
According to the court docket submitting, Scott Steinbrecher’s father, John Steinbrecher, is owed $eight 400 in the lease.
Searings’ 14,000-rectangular-foot retail construction turned into listed on the market on LoopNet for $2.Three million. The list dealers couldn’t be reached for comment.
Searings turned into certainly one of several independently owned plumbing and electric suppliers by using the equal name. A Searing store in Corvallis closed in 2015, consistent with the Corvallis Gazette-Times, and the Searings in Longview, Washington, closed last 12 months, TDN.Com said.
Both shops were in their second era of possession, and the owners cited competition from huge-box hardware stores.
Searings of Bend had earned a mean 4.9 stars from Google opinions, primarily based on 31 reviews. “They have helped me with putting in a brand new water line for my ice maker, putting in a (3) station domestic sprinkler gadget, a hydroponics gadget, or even helped me create a tomato hothouse out of PVC pipe,” one client wrote 5 years in the past. “You recognize they are accurate when the huge box stores on the north stop of city propose them.”
A overview written three months in the past was equally sparkling: “It is sporadic which you discover someone willing to explain how a assignment needs to be completed, meticulously put together your order, and inspire you to name them when you have problems.”
Money will be available to Searings’ unsecured lenders, in line with the bankruptcy court filing. Assets have been envisioned at $50,000 to $100,000, and liabilities at $one hundred,000 to $500,000.