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Profitable Durable Medical Supply Business
Location New Jersey,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1623434
Net Profit / Cash Flow $287504
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1997
Number of Employees 10 - 19
Inventory 294000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Owner will provide an appropriate transition period or continue to work in the business with a negotiated employment contract.
Reason for Sale Owner wishes to pursue other interests and spend more time with his family.
Description For the past 15 years this successful Durable Medical Equipment Company has been providing customers with excellent delivery, set-up, installation, and pick-up services at competitive pricing. Although the majority of the Company's revenue is derived from equipment rental, the retail location provides an additional revenue stream to the business. 48% of the Company's revenues come from federally funded healthcare programs. The service provided, along with the quality and variety of equipment sold or rented, has been instrumental in maintaining the company's referral network and in bringing customers into their retail location.
Due to an aging population and consistent growth in sub-acute and rehabilitation facilities, the need for durable medical equipment can only grow in the future. Maintaining patients in the comfort of their own homes, versus having them stay in hospitals or sub-acute facilities, is the future of the healthcare industry in the United States. Having patients recuperate at home will only continue to drive the success of this type of service organization.
Competition is primarily local and confined to the areas that the Company serves. The business is well-run; the staff is knowledgeable about the equipment sold and the different insurance companies' DME rules and reimbursements. The Company maintains a comprehensive website and has all of the necessary software programs in place, ensuring that payment is received for the equipment rented. The owner has identified numerous revenue streams and growth opportunities that he will share with a buyer at the appropriate time. The owner has been diligent in keeping costs in line with revenue. Equipment is well-maintained and generates recurring revenue.
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