Business Overview:
This DME business is located near the Texas Medical Center providing complex manual and power wheelchairs for adults and children, respiratory equipment and supplies as well as routinely used home medical equipment and rental products. New business to business relationships distinguish this company from competitors. The business is JCAHO accredited.
This business is unique in that it has no direct competitor providing a similar breadth of services, and it is very large for a single location DME. Rental revenue is approximately $40 k per month, with rental units increasing from 250 pcs in 2009 to over 400 pcs in 2011. The retail store provides about $20k per month in direct revenue, and substantially more in rental and insurance crossover. Workflow software is Brightree, a web based software solution.
Many medical equipment companies have fallen victim to narrowly focused business models. However, interested parties will be pleased to find that this company sells an outstanding array of products to a broadly diverse customer base. An added bonus is the company's superior location and established retail clientele. Opportunities for the successful new owner are plentiful. Financials for 2011 show over $400K in owner benefit.
Medicare represents less than 20% of revenue. Acquisition includes contracts with over 20 third party payers. Contracts include VA–GSA, Medicare, Medicaid, United Healthcare, Evercare, BCBS, USFHP, TriCare, Amerigroup, DARS, Molina, Bravo, and many more. Facility is a 4,800 SF that includes retail, large warehouse, and repair areas. Lease is due for renewal in July, 2012. Landlord is willing to renew multi-year lease. Current total rent is $6,356 per month. Reason for sale is lifestyle change to focus on real estate interests.
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:
4,800 square feet building
Reason for Selling:
Lifestyle Change, to focus on real estate interest
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.