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For Sale Medical Equipment Company In New York County, New York

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Contact: Kyle Griffith at 631-390-9650, 631-339-0249 - Log In To Message/Email This Contact
Last Revised: 11/22/19. Posting #: 10248993
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Key Words: medical equipment, equipment, dme, durable medical equipment, medical, supplier, equipment supplier, new york
Financial Info: Price: $825,000 Revenue: $914,207. Cash Flow: $286,502, FFE: $67,746 (Included in Price), Inventory: $50,000. Employees: 3 full-time, 1 part-time employees. Lease Option: 5.8% inc. Monthly Rent: $3,804. Square Footage: 600. Lease Start Date: 10/01/2010, Lease Expiration Date: 10/01/2020.
Profile: This well-established and profitable supplier of durable medical supplies & equipment, located in New York, has positioned itself very favorably in the market. The company is well-known among the local area physicians and has beneficial alliances with larger medical supply companies. The company prides itself on their excellent customer service, and this shows in their nearly 70 percent repeat patient rate. They have a great reputation within their community and a loyal customer base, as well as respect within the medical community.

The company specializes in providing their patients with custom foot and ankle orthoses. Their diabetic and orthopedic shoe services are typically not offered by larger prosthetic and orthotic companies, which often wins them referrals for their services. They also supply knee, wrist and back braces and mastectomy form/bras. Medical Supply company is a Medicare and New York State Medicaid Accredited and has a Certified Pedortist on staff.

Medical supply company has unlimited expansion potential, with opportunities to open new locations and add many products to their catalog. The business is located in a heavy foot traffic area very close to a hospital, multiple doctors’ offices and numerous medical clinics which make this company a convenient choice for physician referrals.

Great opportunity for an entrepreneur looking to purchase an established medical supply business. Perfect for licensed podiatrist, orthotists, pedortist or prosthetists looking to own their medical supply business.

Year Established: 2010

Days & Hours of Operation: Monday - Friday, 10am - 6pm

Employees: 3 full-time, 1 part-time employees

Lease Option: 5.8% inc

Monthly Rent: $3,804

Square Footage: 600

Lease Start Date: 10/01/2010

Lease Expiration Date: 10/01/2020

Potential Growth: There is limitless growth potential in opening additional locations. Sites can be opened anywhere in the fifty states for Medicare purposes, as long as they are inspected by the Medicare accreditation company.

New products can be added, such as respiratory and prosthetics by receiving credentialing or hiring a prosthetist. The company currently carries accreditation for chair lifts as well as hospital beds and mattresses. A new owner could significantly improve sales performance by providing these products.

The new owner can also increase the target market by expanding into Long Island and New Jersey.

Professional Resources & Contacts To Help You Close Your Deal!

Contact: Peter Siegel, MBA at 925-701-8064 X313, 925-785-3118 (Cell)   Log In To Message/Email This Contributor
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
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Contact: David Richman at 860-408-9177   Log In To Message/Email This Contributor
Profile: Deal Team was founded with a mission to provide breakthrough professional business brokerage services to small and mid-size businesses. Our professional and practical approach to business sales brings a level of service to middle-market businesses that is regularly experienced by larger companies.
Key Words: david richman, richman business brokers, business broker, business intermediary, valuation, business valuation, consultant, fitness, manufacturing, machine, appliance, pet containment, pet, pets, locksmith, locks, cleaning, detailing, grocery, entertainment, family entertainment, metal, sheet metal, manufacturing, drilling, new haven, litchfield, farmington valley, hartford,
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Contact: Kyle Griffith at 631-390-9650 X101, 631-339-0249 (Cell)   Log In To Message/Email This Contributor
Profile: Kyle Griffith is a Managing Partner of the NYBB Group. He represents business owners seeking to sell or grow their business via acquisitions. Kyle is a Certified Business Intermediary focusing on the HVAC & Plumbing, Trucking & Delivery and Distribution industries.
Key Words: kyle griffith, the nybb group, business broker, business intermediary, valuation, business valuation, consultant, delivery, medical, medical equipment, home health, bar, restaurant, hvac, refrigeration, dry cleaners, audio equipment, equipment, distribution, moving, delivery, massage envy, massage, allstate, insurance, plumbing, wine, new york city, kings, brooklyn, bergen, nassau, queens, hudson valley, manhattan, new york
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Contact: William Bruce at 251-990-5934   Log In To Message/Email This Contributor
Profile: William Bruce Business Sales & Acquisitions, LLC is a full service, national business brokerage and valuation firm for privately held businesses with special attention given to pricing, strategic marketing, successful negotiation and prompt closings, all while maintaining strict confidentiality.
Key Words: william bruce, american business brokers association, william bruce business sales & acquisitions, business broker, valuation, business valuation, medical, medical equipment, dealership, specialty trades, florence, lauderdale, gulf shores
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: Determining whether to include the value of a business's inventory in the selling price or add the inventory's value in addition to a business's selling price is an issue that occasionally comes up when negotiating the purchase agreement during a small business transaction.
Key Words: selling a business, buying a business, sell a business, buy a business, purchase agreements, purchase agreement, inventory, inventories, value, valuation, valuing a business, selling price, restaurants, restaurant business, online businesses, ecommerce, goodwill, sales multiples, equipment, jordan green
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: The decision to sell your business is not always easy for business owners and is one that requires careful consideration. BizBenNetwork Senior Facilitator Manager Jordan Green breaks down the difficult decisions that business owners face to go out on top and avoid missing out on their final payday.
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: BizBenNetwork Senior Facilitator Manager Jordan Green discusses the preparation that is needed by business owner/sellers to ensure a successful sale of their business. Jordan also shares tips to help sellers minimize the risk of ruining potential deals and hurting the value of their business.
Key Words: selling your business, sellers, business owner seller, sell a business, confidentiality, training, jordan green
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