Owner Financing is Available!
Business Overview:
This established Home Medical Equipment business provides home respiratory and home medical equipment (Rental-Sales-Service). This business specializes in Respiratory equipment (Oxygen, O2 concentrators, portable systems, CPAP/BIPAP, Nebulizer compressors, etc.), ambulatory aids, wheelchairs, hospital beds (semi-electric, full electric, trapeze units, patient lifts, etc.) and nutritional therapy. Business is an Approved Medicare Provider. Medicare is billed directly as well as Workman's compensation claims and most 3rd party insurance carriers. Tax Returns and current YTD P & L with Balance Sheet are well-supported. Pictures and financials available to qualified buyers with the buyer's completed and signed NDA/Confidentiality agreement and PFS. Accounts Receivable of approximately $70,000 is included in this sale.
A potential buyer with management skills and/or familiarization with Home Medical Equipment or Medical related background could do very well in this business. The facility management, technicians, sales person, billing and administrative personnel are in place and will stay for the new owner. This control over billing and administrative issues is very important as most of the competitors' profits are impacted directly through Medicare changes and third-party "paperwork" requirements.
This business is positioned very well to handle the future Healthcare and Medicare changes. In fact, the changes and additional requirements may be a plus for this business model. Cash flow includes all personnel with management in place.
This business is well-positioned for synergistic growth and expansion through additional product lines, services and potential acquisition(s) of similar and related businesses. Refer to listing number: BBF#4450085 when inquiring.
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:
This is a high value business location with plenty of parking and easy access. Business location is central to the area serviced. The business furnishings and fixtures have been updated within the last 24 months. Pictures available on request. Two vans in very good condition are included in the sale. Accounts Receivable of approximately $70,000 is included in this sale.
The location's lease expires 12/31/2011 and is open for negotiation. Landlord is great and will work with buyer.
Seller will assist in a smooth transition and will also provide two weeks support and training without charge. The owner will be available for consulting or advice as agreed with the prospective buyer following the completion of the transition period.
Market Competition and Expansion:
Rapid growth of the aging population with the need for the products and services provided at this location will translate directly to future growth and expansion of this business. Risk is low for established businesses having solid patient referral sources. This business is noted for quality service and has earned high volume of patient referrals from doctors, pharmacies, home health agencies, hospitals, customers and patients. This business has been established in this area for over 10 years.
New services and products may be added to the existing service and product inventory using their in-place referral and distribution platform. This business has earned one of the best reputations for product availability and service in the area. Growth through product and service additions, additional locations or acquisitions creating additional synergies will increase revenues, margins and profits.
Reason for Selling:
Retiring from DME/HME business.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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