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

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

Why is the Current Owner Selling The Business?

There are all kinds of reasons people decide to sell operating businesses. Nonetheless, the genuine reason and the one they tell you might be 2 totally different things. As an example, they may say "I have a lot of other commitments" or "I am retiring". For many sellers, these factors are valid. But, for some, these might simply be excuses to try to conceal the reality of transforming demographics, increased competitors, current decrease in earnings, or a variety of other factors. This is why it is really vital that you not depend absolutely on a seller's word, yet instead, use the vendor's answer combined with your general due diligence. This will repaint a more realistic image of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Lots of companies finance loans with the purpose of covering things such as inventory, payroll, accounts payable, etc. Bear in mind that in some cases this can indicate that revenue margins are too tight. Lots of businesses come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that need to be fulfilled or may result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location bring in new consumers? Most times, companies have repeat consumers, which form the core of their day-to-day revenues. Particular aspects such as new competition sprouting up around the area, roadway construction, and also personnel turn over can affect repeat clients and adversely affect future profits. One essential thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business regularly, the greater the chance to build a returning client base. A last idea is the general area demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? Exactly how might the neighborhood mean home income influence future income prospects?