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Listed by:

Tangent Brokerage

$599,377-profit;2 New Large Revenue Streams W/Recent FDA Approval For Sale

McHenry County, Illinois, US
Asking Price:
$3,490,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,476,811
Cash Flow:
$599,377

$599,377-Profit;2 New Large Revenue Streams W/Recent FDA Approval

**New** 2 new Large Revenue streams coming on line w/recent FDA approval!!

MADE IN USA, in house, few competitors, inelastic demand, turnkey operation. Seller was a teacher when he purchased (Seller automated and only works part-time 20 HRS/WK, owned for 12 years, wife most in Florida-moving to Florida)
Medical device manufacturer; distributor of own proprietary medical products, very few competitors.
+DEAL=BANK APPROVED, by same banker- for 30 years
+79 year old business; Each Dept. overseen by Manager/In-charge; stable sales & profits
Customers- Pay, Credit Card-or-Net 30. $0 bad debt, $0 write offs. Medical industry=highly profitable buyers
+REAL ESTATE INCLUDED, 2.5 ACRES -room for expansion.

Make $357,653 after debt service? -see price justification page in CIM-

[$599K x 3]+[$1.3M appraised realty]+[$671K inventory]+[$243k equipment]=more than listing price
[$574k Earnings+ Realty+ Inventory]=$3.7M Clean earnings, FULL PRICE OFFERS
80+ % parts made in USA; tariffs would have very minimal effect.

Property Information

Real Estate:

Real Property Included

Location:

McHenry County, IL

Premises Details:

Appraised real estate value=$1.28M, 2.5 acres with building and land. 16,000 SF + 1,800 rental house.

Size in square feet:
17,800

Business Operation

Expansion Potential:

Attend more medical trade shows

Competition / Market:

Few competitors, medical industry product

Reasons for selling:

Relocating to Florida

Employees:
12 Full-time
Years established:
53 Years

Other Information

Support & training:

30 days training included, seller willing to stay on for extended period of time

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Seller financing available

Seller will accept up to 15% of price in a seller note, w/1x/yr payment

Furniture / Fixtures value:
$242,841 - included in the asking price
Inventory / Stock value:
$671,358 - included in the asking price