Last Revised: 11/22/19. Posting #: 10248993
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.
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