Business For Sale

DME & Medical Supply in CT - 31226

Not Disclosed, CT
Litchfield County


Asking Price: Annual Revenue:
$2,200,000 $2,810,557

Wholesale/Distribution: Durable Goods


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RE: DME & Medical Supply in CT - 31226 Broker: Joseph Stansky
Owner Financing is Available!
$1,500,000.00 Down & $700,000 over 5 year @ 5%

Quick Facts

Asking Price: $2,200,000
Annual Revenue: $2,810,557
Net Profit: Not Disclosed
Cash Flow: $587,480
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 23
BBN Listing #: 80234447
Broker Reference #: 31226

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Business Overview:

Dominant 50-year-old Ct supplier of DME/Ambulatory, bariatric, bath, daily living aids, wound supplies, respiratory, diabetic supplies, incontinence, pain management, mastectomy, mobility, braces, c-paps, scooters and much more. Fully Medicare accredited, Medicaid and four major insurances. $324,000 of inventory out as rentals. Huge warehouse. Licensed respiratory therapist and repair techs on staff. 24/7 emergency service. Institutional (assisted living, hospital, hospice, social workers, etc.) and loyal consumer following Five managers will stay with business and owner will give up to a year of training and transition. Proprietary software interfaces with Medicare/Medicaid etc. Five vans and a box truck. Nearest competition is 35 miles away. Considered semi-rural. As of June 1st- Medicare authorized Rural relief DME price increases of 30% to 111% in a dozen major DME items. No marketing and no web site. Owner will keep his accounts receivables. Property is owned by the seller and is offered to the buyer for lease or purchase.Two locations. IMPORTANT MEDICARE NEWS: CMS has just announced that it is ending competitive bidding Jan 2019. Huge opportunity for this company and new owner to expand the range of products offered. All Medicare providers can now service all areas whether they received the bid or not. Also, they are extending the 50/50 blend in all rural areas. Previously this company stayed out of comp.bidding.Proof of funds and a strong background in the DME industry is required for more information including the name of this company. Contact broker Joseph Stansky for more details.

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Reason for Selling:

Retiring

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.

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