Business Overview

Business Highlights:

– Profitable
– Well trained team
– Great product line
– Niche market

With 26 years of service providing solutions to the medical industry for its customers and their staff, this company has a well-earned reputation for quality, reliability and integrity. While its base product line has endured over time, the company has also evolved developing products to address changing needs for its customers and markets all over the United States.

The company has a proprietary line of branded, patented products that serves a niche market within the medical equipment industry. The company’s focus is to work individually with its customers to develop custom solutions which insulate itself against competition and pricing pressure.

Turn-key with detailed, simple to follow, systems and processes. Opportunities for growth and staff in place to handle day-to-day operations so that new owner can concentrate on new growth opportunities.

This opportunity is available due to retirement, however, owner is not relocating any time soon and is committed to a transition that will ensure continued success and profitability for the company. All buyers will be screened by the Seller and previous experience in the medical industry, manufacturing, sales and market research and development of markets is required.

Financial

  • Asking Price: N/A
  • Cash Flow: $274,978
  • Gross Revenue: $1,381,169
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1995

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:7
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

Retirement

Additional Info

The business was started in 1995, making the business 27 years old.

The business has 7 employees and is located in a building with disclosed square footage of N/A sq ft.
The property is leased by the business for $4,342 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals resolve to sell operating businesses. Nevertheless, the true factor vs the one they tell you may be 2 completely different things. As an example, they might say "I have a lot of various commitments" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these might simply be reasons to attempt to hide the reality of changing demographics, increased competition, recent reduction in earnings, or a range of various other factors. This is why it is extremely important that you not rely totally on a seller's word, yet instead, use the vendor's answer combined with your total due diligence. This will paint a more realistic image of the business's present situation.

Existing Debts and Future Obligations

If the current company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies finance loans so as to cover things like stock, payroll, accounts payable, etc. Keep in mind that occasionally this can imply that profit margins are too tight. Numerous companies fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations 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 suppliers that need to be met or might cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location attract brand-new clients? Often times, operating businesses have repeat consumers, which create the core of their everyday profits. Particular aspects such as new competition growing up around the area, road building and construction, as well as staff turnover can influence repeat customers and also adversely influence future incomes. One essential thing to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the better the opportunity to develop a returning consumer base. A last idea is the basic area demographics. Is the business situated in a largely inhabited city, or is it located on the outskirts of town? How might the regional median household income influence future earnings prospects?