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High Volume DME Company - Non Medicare
Location New York,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2004
Number of Employees 6 - 9
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Leased
Training Seller will train
Reason for Sale Personal
Description High Volume DME Company (Non-Medicare). That is key... NON-MEDICARE. All clients are private pay (70% from direct sales and 30% from referrals). Many DME companies are going out of business right now due to the changes in Medicare and competitive bidding. Not here. This company has been established for over 20 years and is a major player in the tri-state. They have built a reputation in the industry for honesty and integrity. The company's revenue is derived primarily from the commercial and residential installation and servicing of ramps for the handicapped, stair-lifts, vertical platform lifts, overhead patient lifts and walk-in bathtubs. The company is licensed and insured for both commercial and residential installations. They service the tri-state: Long Island, Westchester and Rockland, as well as Connecticut and New Jersey. Service technicians are available 24 hours a day, 7 days a week. Sales have been growing despite the current economic climate. This is largely due to the fact that aging baby-boomers are a fast growing segment of the population that will continue to grow well into the future. Gross sales were $2,591,674.00 in 2011 with a Net Income of $561,451.00. (There is at least another $70K in officer salary that can be added back to bring the Net to $631K). Cash flow is growing in 2012. ALL SALES AND CASH FLOW FIGURES ARE 100% VERIFIABLE. The owners will stay on for at least a 3-6 month period to ensure a smooth transition. We are looking for a serious and qualified buyer or private equity group with at least $1.5 million in liquid capital to cover the downpayment, working capital, etc. ALL BUYERS MUST PROVIDE PROOF OF FUNDS FOR AT LEAST $1.5 MILLION. If you meet this criterion, call or email Mel Vaz today at 631-909-1095.
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