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Business For Sale

Medical Orthoses Equip &Supplies Merchant Retailer

Passaic, NJ

Services: Medical, Dental, Assisted Living

Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$2,000,000
$1,742,057
$550,000
$550,000
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
1991
15
40328579
Owner Financing is Available!
The business was pre-approved and pre-qualified to receive a SBA 7(a) loan up to $1,412,000 from CIT Small Business Lending. Wells Fargo SBA Lending will honor the same loan amount if a second lending institution is to be sought. The loan will be for a period of 10 years at the WSJ prime rat plus 200 basis points. Seller monies in a subordinate position to the back funding is also available for qualified buying parties and will be determined on an individual basis

Business Overview:

Business Description : The business retails the below items to a local captured market from 3 business locations: ORTHOTICS Orthoses Spinal Upper Limb Lower Limb Knee Pediatric Spasticity Management Orthopedic Softgoods Footwear & Pedorthics Orthopedic Footwear Foot Orthoses & Supplies Historical Summary: The business has operated for 20 years or so

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:

Three store front establishments all with basements for inventory stocking.

Market Competition and Expansion:

Competition: Health care equipment, DME, and surgical supplies is a competitive business industry in a growing market where the need for product and service in the baby boomer generation is inevitable. Due to licensing moratoriums the industry has become less competitive and more gross profit margin sensitive. Competitive bidding will not effect this company due to the retail nature and the geographical customer base it services. Growth and Expansion: A new owner could venture of into the wholesale arena and begin an organic book of business. Tack on through acquisition a wholesaler of orthoses, or continue to build through acquisition a chain of retailers.

Reason for Selling:

Lifestyle change/Retirement

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.

Resources:

 

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