Great investment opportunity with a well established durable medical equipment supplier specializing in respiratory products. Current owner started business in 2003. The business has developed a great referral source of medical providers and rehabilitation centers. Opportunity to rapidly grow this business for an experienced DME owner that understands the market. Sales are split roughly 50/50 between cash sales and insurance. In network contracts include Freedom, Wellcare, Optimum, Nationwide, Medicare, Medicaid and Care Credit The business is located in one of the top 10 fastest growing cities in the nation, with an aging population and growing demand for this company's products.
- Asking Price:
- $288,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $652,670
- Cash Flow:
- $7,668
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
Business operates out of a modern 3,200 sq ft building located in a professional center. near high traffic retail centers. Owner owns building and will lease back at competitive rate. Location supports substantial amount of walk-in sales.
Business Operation
- Expansion Potential:
-
Business is located in Florida one of the top 10 fastest growing cities in the US. Florida has a high retirement population, which is a key industry driver. Current business has no social media presence. Great opportunity for experienced DME owner to grow business with more aggressive marketing and expanded products and services such as subscription programs.
Favorable Demographics - Global demographic changes favor the medical device industry as the aging population grows so much faster than in the past. The proportion of the world's population older than 60 will nearly double, from 12% to 22%, between 2015 and 2050, according to the World Health Organization (WHO). It is estimated that the US population (over 60) will surpass 398 million by 2050, according to Statista.
Industry Indicators: US manufacturers' shipments of miscellaneous durable goods, an indicator of demand for medical supplies and devices, rose 6.3% year-to-date in July 2022 compared to the same period in 2021.
US retail sales for health and personal care stores, a potential measure of consumer spending on medical supplies and devices, increased 3.9% in the first eight months of 2022 compared to the same period in 2021.
- Competition / Market:
-
Primary competition are pharmacies providing similar products and services although many are also a referral source for specialized respiratory products. Lincare is a national provider with a local presence. This company's advantage is their specialization in respiratory products and personalized customer care.
- Reasons for selling:
-
Owner retiring.
- Trading hours:
-
Monday-Friday 8am-4pm
- Employees:
- 4 FT/3 PT
- Years established:
- 21
Other Information
- Support & training:
-
Will train for 4 weeks @ $0 cost.
- Furniture / Fixtures value:
- $75,000 - included in the asking price
- Inventory / Stock value:
- $100,000 - included in the asking price
