Medical Equipment S & S Business in NY Tri-State

Not Disclosed, NJ
Somerset County

Asking Price: Annual Revenue:
$1,250,000 $1,241,052

Wholesale/Distribution: Durable Goods

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RE: Medical Equipment S & S Business in NY Tri-State Broker: Cheryl Venezia

Quick Facts

Asking Price: $1,250,000
Annual Revenue: $1,241,052
Net Profit: Not Disclosed
Cash Flow: $201,683
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: 1972
Employees: 7
BBN Listing #: 34184955
Broker Reference #: 3407-17326

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Business Overview:

Business to Business opportunity - own a company that sells, services, repairs, maintains, and supports medical equipment in the NY tri-state area, based in NJ.

Deemed an essential business throughout COVID, the company has performed well over the last several years. Established in 1972, the company is well-established with a great reputation. Current ownership in place since 2014. Solid experienced staff and trained technicians in place.

Primary customer segments include:
- veterinary clinics and hospitals
- health care clinics
- ambulatory centers
- dentists
- cosmetic surgery centers
- rehabilitation facilities
- laboratories, universities, and colleges

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Property Features and Assets:

3,000 square feet of leased space includes warehouse and offices. Assets = $405,000

Market Competition and Expansion:

There is some competition which has been eclipsed through customer service and reputation. There exist multiple opportunities to grow the business in the region across multiple industries, including veterinarians, dentists, tattoo parlors, research facilities, compounding pharmacies, colleges and universities, to name a few. Continued growth in pet ownership is expected to support a rise in demand for veterinarian services. According to IBISWorld Industry Reports, revenue is expected to rise as healthcare providers continue to invest in new equipment to keep up with growing demand for healthcare services. New product development by medical device manufacturers is also expected to contribute to industry growth by offering new solutions to health issues. The COVID-19 (coronavirus) pandemic increased demand for medical equipment. As computers are increasingly used in medical devices and equipment, the price of device repair will rise. Mergers and acquisitions among medical device manufacturers will likely cause wholesalers to consolidate to maintain negotiating power and meet demands of newly expanded customers.

Reason for Selling:

New opportunity.

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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