Stairlifts, Medical Equipment & Supplies

Business Overview:

This very successful, thriving business has experienced steady growth since its founding and has tremendous potential to expand with a new owner. If you are looking for a profitable business with a rich history and a solid reputation in the accessibility industry, you will want to seriously consider this opportunity. Over the decades, this business has been a trusted name in providing reliable and efficient accessibility solutions for individuals facing challenges with stairs. With a focus on customer satisfaction, quality products, and excellent service, this business has built a strong and loyal customer base. Keeping overhead to a minimum has ensured a healthy profit margin over the years. The management and staff maintain current knowledge regarding products, technology, and safety issues through interaction with Manufacturer Representatives and attending industry specific trade shows.

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Property Features and Assets:

The business currently operates out of a 2,772 square foot building that includes a showroom, shop, and offices. There is also a separate building next door that is used as a warehouse, but this building is in the process of being repurposed and other warehousing space will need to be arranged in the vicinity of the office/showroom. The seller owns the real estate the business is operating out of currently and is open to a possible lease of the primary building but not the warehouse building. Another option would be to relocate the business to a flex space that would have a showroom, office, and shop/warehouse with a loading dock.  

Assets = $41,118

Market Competition and Expansion:

The business has some competition. There are three primary competitors. One is a national competitor that has a reputation in the industry as a high-pressure sales company. The other competitors are regional companies. One has a higher pricing structure, and the other is a full scale Durable Medical Equipment company and stairlifts are not their core business. Therefore, this business holds a very competitive position in the local marketplace. The products they sell are high quality, and they offer unprecedented service. A consultative sales approach and quick product installation turnaround are driving factors in the Company’s successful customer loyalty. Yes, the Company would continue to grow under a new owner with renewed energy and enthusiasm alone, but there are some additional possibilities that could expand the business.

Reason for Selling:

Retirement.

Additional Details:

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