This very successful, thriving business has experienced steady growth since its founding and has tremendous potential to expand with a new owner. If you are looking for a profitable business with a rich history and a solid reputation in the accessibility industry, you will want to seriously consider this opportunity. Over the decades, this business has been a trusted name in providing reliable and efficient accessibility solutions for individuals facing challenges with stairs. With a focus on customer satisfaction, quality products, and excellent service, this business has built a strong and loyal customer base. Keeping overhead to a minimum has ensured a healthy profit margin over the years. The management and staff maintain current knowledge regarding products, technology, and safety issues through interaction with Manufacturer Representatives and attending industry specific trade shows.
- Asking Price:
- $699,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $796,472
- Cash Flow:
- $196,873
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The business currently operates out of a 2,772 square foot building that includes a showroom, shop, and offices. There is also a separate building next door that is used as a warehouse, but this building is in the process of being repurposed and other warehousing space will need to be arranged in the vicinity of the office/showroom. The seller owns the real estate the business is operating out of currently and is open to a possible lease of the primary building but not the warehouse building. Another option would be to relocate the business to a flex space that would have a showroom, office, and shop/warehouse with a loading dock.
Business Operation
- Expansion Potential:
-
Yes, the Company would continue to grow under a new owner with renewed energy and enthusiasm alone, but there are some additional possibilities that could expand the business. For example, additional retail/showroom facilities could be added in strategic geographical locations for additional sales opportunities while the warehousing and distribution of the products could all be done at the primary location of the business. Another strategy would be to diversify products to increase revenue. For example, adding a commercial division, patient transfer systems, bathroom modifications, vehicle lifts, power wheelchairs, and scooters.
- Competition / Market:
-
The business has some competition. There are three primary competitors. One is a national competitor that has a reputation in the industry as a high-pressure sales company. The other competitors are regional companies. One has a higher pricing structure, and the other is a full scale Durable Medical Equipment company and stairlifts are not their core business. Therefore, this business holds a very competitive position in the local marketplace. The products they sell are high quality, and they offer unprecedented service. A consultative sales approach and quick product installation turnaround are driving factors in the Company’s successful customer loyalty.
- Reasons for selling:
-
Retirement.
- Trading hours:
-
Monday-Friday 9am-4pm
- Employees:
- 3 FT
- Years established:
- 42
Other Information
- Support & training:
-
Will train for 2 weeks @ $0 cost.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
$80K down/$34,950 over 60 mos. @ 8%/Other Financing.
- Furniture / Fixtures value:
- $21,118 - included in the asking price
- Inventory / Stock value:
- $20,000 - included in the asking price
- Relocatable:
- This business can be relocated.
