Business Overview:
The March Group currently represents a single source supplier of materials required for the machining and manufacture of orthopedic implants. The Company is a specialist in the delivery of medical grade alloys certified to ASTM, ISO, and meets major medical specifications. Expertise includes materials and pricing support for customers, eliminating the need to maintain a staff of industry-knowledgeable buyers and materials sources. Management is committed to complete customer satisfaction and is dedicated to delivering the highest possible quality standards within the materials procurement process. Maintains an organized Web site that provides a wealth of information on the Company and its product offerings.
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Property Features and Assets:
Single corporate location. The office is approximately 2,300 square feet and is furnished with desk/computer workstations that support three full-time employees.
Market Competition and Expansion:
According to Company management, the estimated global volume for medical grade titanium bar is two million pounds annually, or about three times the annual demand for CoCrMo. Growth in the medical grade titanium market is estimated at 7 to10 percent annually. Management believes that negative pricing factors in the cobalt market over the past year have mostly worked their way through the system and that real sales growth of at least 20 percent year-over-year can be expected for 2010 and in the years ahead.
The following represent potential engines of growth for this Company:
Expanded operating base, both domestically and overseas
Addition of marketing staff
Enhanced Web site for greater visibility
Improved information systems
Additional product lines ocusing on medical grade titanium and other raw materials for medical implants
Possible joint ventures or strategic alliances
Reason for Selling:
Diversification of owner’s personal financial inte
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.
- This is not a distressed business or bankruptcy situation.