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Quick Facts
Asking Price: | $20,000,000 | |
Annual Revenue: | $43,291 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $14,485 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 2015 | |
Employees: | 5 | |
BBN Listing #: | 902927574 | |
Broker Reference #: | 1038 ROID |
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Business Overview:
Our client is offering a next generation, patented medical device for the treatment of internal hemorrhoids. The procedure is painless, non-invasive, requires no anesthesia, is conducted in under 2 minutes, and can be performed in any medical setting: a doctor’s office, a surgery center, an endo suite, or a hospital.
Our client’s product is a small, disposable, medical device that eliminates hemorrhoids. A physician uses this device by deploying a tiny rubber band on the base of the hemorrhoid. This procedure is known as rubber band ligation, and it is the #1 recommended treatment for internal hemorrhoids by the American College of Gastroenterology. Patients no longer need to use ineffective creams or receive painful, invasive surgery. Our client’s device offers a permanent solution for their hemorrhoids.
The device is currently manufactured in the USA through an FDA approved, ISO 13485 contract manufacturer, who specializes in medical devices. The device is sold directly to physicians of different specialties, including gastroenterologists, colorectal surgeons, GYNs, urologists and primary care physicians. The biggest targeted audience are gastroenterologists.
NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
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Property Features and Assets:
Outlined in CIM.
Market Competition and Expansion:
Growth & Expansion: Nearly half of adults over the age of 50 will develop symptomatic hemorrhoids. In the U.S. alone, an estimated 60,000,000 people have experienced hemorrhoid symptom(s) at some point in their lives. Annually, over 20,000,000 people in the U.S. use an over-the-counter hemorrhoid treatment and 75% report a reoccurrence. These patients no longer need to use ineffective creams or receive painful, invasive surgery. Our client’s device offers a permanent solution for their hemorrhoids.
Reason for Selling:
Owners wish to move on to other projects.
Additional Details:
Documents:
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