Profitable DME Business Poised For Rapid Growth

Business Overview:

Great strategic opportunity with an established durable medical equipment supplier serving the growing Central Florida market. Founded in 2002 by its current owner, the business has built a solid reputation serving patients with respiratory therapy needs along with select durable medical equipment across the region. Recent growth and profit improvement are a result of a strategic plan implemented over the last 2 years. Trailing twelve-month revenue is over $900,000. 

The business specializes in respiratory products and maintains strong relationships with healthcare providers while serving direct-pay customers through multiple channels. With over two decades of operational history, the company has developed established supplier relationships and customer service protocols that include comprehensive support services. The current owner has built systems and positioned the business for continued growth under new ownership and is will to stay on in a negotiable supportive role.  >>

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Property Features and Assets:

Business operates out of a modern 3,200 sq ft building located in a professional center. near high traffic retail centers. Owner owns building and will lease back at competitive rate. Location supports substantial amount of walk-in sales.

Assets = $318,000

Market Competition and Expansion:

Primary competition are pharmacies providing similar products and services although many are also a referral source for specialized respiratory products they do not carry. Lincare is a national provider with a local presence. This company's advantage is their specialization in respiratory products and personalized customer care.

Business is located in Florida one of the top 10 fastest growing cities in the US. Florida has a high retirement population, which is a key industry driver. Current business has no social media presence. Great opportunity for experienced DME owner to grow business with more aggressive marketing and expanded products and services such as subscription programs. 

Favorable Demographics- Global demographic changes favor the medical device industry as the aging population grows so much faster than in the past. The proportion of the world's population older than 60 will nearly double, from 12% to 22%, between 2015 and 2050,according to the World Health Organization (WHO). It is estimated that the US population (over 60) will surpass 398 million by 2050, according to Statista.

Industry Indicators:US manufacturers' shipments of miscellaneous durable goods, an indicator of demand for medical supplies and devices, rose 6.3% year-to-date in July 2022compared to the same period in 2021.

US retail sales for health and personal care stores, a potential measure of consumer spending on medical supplies and devices, increased 3.9% in the first eight months of 2022 compared to the same period in 2021.

Reason for Selling:

Owner retiring. Kindly ask the seller for more information.

Additional Details:

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