Seller's Contact Information

  • RE:  Pharmaceutical, Medical Equipment & Supplies
  • Contact:  Michael Gersten

Quick Facts

Asking Price: $0
Annual Revenue: $4,699,392
Net Profit: Not Disclosed
Cash Flow: $59,410
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1945
Employees: 13
BBN Listing #: 11932979
Broker Reference #: 7736 MG

Email or Print Listing

Business Overview:

Company is a third generation distributor of pharmaceuticals medical equipment and supplies. It was founded in 1945 by the owning family and is currently being run by the third generation with the second generation part of the operating management team = 75 years company’s customers include hospitals, hospital groups and associations, medical groups and practices.

It is a complete supply source with over 6,000 items including pharmaceuticals, disposable products, laboratory equipment and devices rehabilitation devices and durable medical equipment.
The company carries the latest products and handles over 500 manufacturers. It is early to notice trends and quickly moved on PPE (Personal Protective Equipment) to build inventory and fulfil all orders.
Its experienced representatives are trained to help with orders, product selection and optimum order choices. It also assists in customer inventory planning. Representatives are trained to help choose the right products to optimize customer budget considerations including design and office planning. It also has a competitive advantage from product exclusivity in the local territory. It is part of an extensive, proprietary, medical supply buying group.

Between Fiscal year 2018-2020, annual gross receipts increased by 74%, gross profit by 45% and taxable income 70%.

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Property Features and Assets:

Building is 22,000 Square feet and is on a lot of 1.2 acres. Building was built in 1962 and is owned by an LLC controlled by the company ownership. Facility includes showroom office, conference room, warehouse and shipping all under one roof.

Market Competition and Expansion:

The market for pharmaceuticals and medical equipment/supplies is growing this trend will continue as suppliers seek to lower distribution costs and expand product sources company is well placed in this market.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

Documents:

Relevant Links:

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