Business Overview:
This company develops patents, manufactures and sells diagnostic products to clients throughout the world and OTC, over the counter to the public. It presently has over 20 U.S .and Foreign Patents with some applicable until 2021 and more patents are pending. This company has been selling these products since 1989 and can be located anywhere or remain in its current location (Eastern U.S. coast) FF&E, Furnishings, Fixtures and equipment is valued at $200,000 plus with an average age of 7 years. The inventory is valued at $125,000 with an average age of 8 months. Gross Income $525,000 Cash Flow $343,000 Revenue and Profits have increased year after year since 2007. In just a little over 3 years a new owner can reclaim his investment less the FF&E and Inventory. How many companies over the last 3 years can claim a Profit of over 65% of Revenues? Note:: This Company Is Not In Florida But Is On The Eastern Coast Of The US.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Facilities: The land is 1.71 (+-) acres with a building of 13,500 square feet. The Land and building can be purchased also for $1,795,000.
Market Competition and Expansion:
Competition: The Medical Diagnostic field is somewhat closed so the competition is limited and with over 20 U.S and Foreign patents it makes it difficult for other companies to compete.
Reason for Selling:
Owner is working on other business venture.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: