American Science & Surplus, a beloved Chicago-area retailer known for its eclectic mix of science supplies, educational materials, and quirky gifts, is facing an existential threat. The company has launched a GoFundMe campaign in a desperate bid to raise $200,000 from customers and fans in order to stay afloat.
Owner’s Statement
"We’re reluctant to ask for donations," said owner Pat Meyer. "But we feel it’s necessary to reach out to the community that supports us." American Science & Surplus relies heavily on the support of its loyal customer base.
Financial Struggles
The company’s financial struggles are largely due to the reluctance of banks to lend money during this challenging economic climate with high interest rates. As Meyer explained, "Banks have become hesitant about lending money because they’re worried about their own risk." This has made it difficult for American Science & Surplus to secure the funds it needs.
Commitment to Customers
Despite these challenges, Meyer remains committed to serving his customers by offering unique products and services at competitive prices. He believes that his business model is sound and that he can continue operating profitably if he can just get access to capital.
History and Unique Offerings
Meyer has been running American Science & Surplus since 1969 when he bought the store from its original owner. Over the years, he has built up a loyal customer base by offering products that are hard or impossible to find elsewhere, including:
- Scientific equipment (microscopes, telescopes)
- Educational materials (books on physics, chemistry sets)
- Art supplies (paints, brushes, canvases)
- Unusual items (antique medical equipment)
In addition to selling physical goods, they also offer services such as repair work on broken instruments, allowing customers to save money while still getting what they need.
Closure Announcement
Unfortunately, despite all efforts to keep the doors open, the company must close down permanently effective immediately due to a lack of funding. This regrettable decision was made after exhausting every possible avenue for alternative solutions.
Call for Support
In an effort to save the business and preserve memories created over decades, Meyer is encouraging contributions of any amount to help keep the spirit of American Science & Surplus alive.
Ways to Support
- Donate directly through the GoFundMe campaign.
- Share the post widely across social media platforms to encourage others to contribute.
- Visit local branches to drop off checks or cash donations.
Financial Transparency
All contributions will go directly towards covering operational costs, including rent, utilities, employee salaries, and other essential expenses. No funds will be allocated for administrative overheads or marketing.
Conclusion
Thank you for taking the time to learn about the situation affecting this beloved institution, which many consider a cornerstone of scientific education and innovation. Your support can make a difference during this critical time.
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