50+ Years - Medical & Respiratory Equipment Renter

San Jose, CA
Santa Clara County

Asking Price: Annual Revenue:
$1,665,000 $2,814,312

Services: Medical, Dental

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RE: 50+ Years - Medical & Respiratory Equipment Renter Broker: Cortney Sells
Owner Financing is Available!
12.5% Buyer Down Payment $208,125 12.5% Seller Financing or Equity $208,125 75% Bank Loan $1,248,750

Quick Facts

Asking Price: $1,665,000
Annual Revenue: $2,814,312
Net Profit: Not Disclosed
Cash Flow: $432,448
Total Debt: Not Disclosed
FF&E: $605,587
Real Estate: Not Disclosed
Year Established: 50+ years
Employees: 17
BBN Listing #: 162134398
Broker Reference #: MED014

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Business Overview:

With 18 qualified and knowledgeable employees and 7,200 square feet of retail and warehouse space, this home medical and equipment provider has been established for more than 50 years! With 8 full-time and 10 part-time employees in customer service, billing, delivery, and respiratory, they qualify patients to receive equipment and products that will be covered by the client’s insurance plan. This company provides guidance to clinicians and other professional healthcare workers on how to request equipment and services for patients.

With over $600,000 in assets and a 15% profit margin, sales and cash flow grew in 2020 even amidst COVID-19. This company’s primary value proposition is that they help patients and their families navigate the complex health care environment and obtain medical equipment and supplies. They currently have 1,800+ patients with equipment on rent; rental income is approximately 72% of monthly revenue. They have long term relationships with the medical community and are a preferred provider for the country of Santa Clara Health System. Known for being responsive and accessible to providers and patients, this company is loved by the community and has a great reputation for providing respiratory, mobility, home safety, and in-home equipment needs. With limited marketing, clients come in from referrals, insurance, and contracting.

Some areas of growth include implementing integrated web commerce and telephony systems and home fill oxygen solution for portable tanks, bring billing process in house or negotiate better rates for outsourced billing, expand wound vacuum referrals and lymphedema therapy referrals, and explore telemedicine remote monitoring services for Medicare patients.

The two owners are planning for retirement and have set no specific time frame for involvement but anticipate some form of personal service agreements and/or W2 employment for undetermined length of time after the transaction. They want a successful transaction and ensure clients remain with the company long term.

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Property Features and Assets:

7,200 sq. ft. – retail showroom, warehouse, offices, respiratory consulting room

Market Competition and Expansion:

Growth Opportunities: Implement integrated web commerce and telephony systems, bring billing process completely in house, and explore telemedicine remote monitoring services for Medicare patients.

Reason for Selling:

Retirement planning.

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.

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