Business Overview

Established in 1978, this King County business provides fast, expert repair and maintenance services for many brands of medical, biomedical, scientific, and surgical equipment to clinics, hospitals, and medical research facilities across the state of Washington. The Business’ success can largely be attributed to its established name and loyal clients who have grown to trust the services it provides. The Business is highly respected in the community and prides itself on providing top-notch customer service. As of November 30, 2021, the Business has approximately 226 active clients. Over the past three (3) years, the Business has averaged gross revenue of approximately $1,842,633 (2018-2020). With six (6) staff, including the Owners, the Business is poised for growth under new ownership. To take advantage of this exciting opportunity, call us at 253.509.9224 or, send an email to info@privatepracticetransitions.com, with “1151 Successful King County Medical Equipment Repair & Maintenance Business Opportunity” in the subject line.

Financial

  • Asking Price: $1,850,000
  • Cash Flow: N/A
  • Gross Revenue: $1,942,500
  • EBITDA: $355,187
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1978

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,880
  • Lot Size:N/A
  • Total Number of Employees:6
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

The Owners are willing to provide transition assistance and help with goodwill transfer, business development, and other “mentoring” functions for up to one year to ensure the new owner’s return on investment is realized.

Additional Info

The company was started in 1978, making the business 44 years old.

The company has 6 employees and is located in a building with approx. square footage of 1,880 sq ft.
The building is leased by the company for $3,233 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why people resolve to sell companies. However, the genuine reason vs the one they tell you may be 2 completely different things. For instance, they may state "I have too many various commitments" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may simply be reasons to attempt to hide the reality of transforming demographics, increased competitors, current decrease in profits, or an array of other factors. This is why it is extremely crucial that you not rely absolutely on a vendor's word, but instead, utilize the seller's solution in conjunction with your total due diligence. This will paint a more sensible picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Many operating businesses finance loans so as to cover points like supplies, payroll, accounts payable, etc. Remember that sometimes this can suggest that revenue margins are too thin. Many companies come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that have to be met or might lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area draw in new customers? Often times, businesses have repeat customers, which create the core of their everyday revenues. Specific aspects such as brand-new competitors sprouting up around the area, road building, and also staff turnover can impact repeat customers and also negatively influence future incomes. One important thing to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business regularly, the greater the chance to develop a returning customer base. A last thought is the general area demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? How might the regional median family earnings influence future earnings prospects?