Location: Dallas Area
Industry: Medical Devices and Products
Listing ID: MED-EQUIP
Listing Status: New
Established in 1989, this privately owned Medical Equipment Store is a retailer direct to the public of the sale and rental of medical equipment needed for pre-operative and post-operative surgeries as well as chronic medical conditions sustained from injuries or disease. The store sells an array of durable medical equipment such as hospital beds, lift chairs, wheelchairs, transport chairs, scooters, walkers, orthopedic and bathing assisted needs, canes, and crutches. Daily living needs products are also available in the store such as pill organizers, button helpers, hand/knee/shoulder/foot braces, stethoscopes, blood pressure machines, and including incontinence merchandise. Considered the local ‘go-to’ company for medical equipment and support systems, this company locally warehouses a level of in-stock inventory to shorten the lead time for customer purchases.
The company has had consistent revenue over the years, and the average discretionary earnings of the previous two years are $92,233. The owners have worked hard to build a profitable, recession-proof company that can withstand the ups and downs of the economy. Finances for the company are conservatively managed, with healthy cash balances.
The owners wish to sell the company and its assets for a total of $276,699. The sales price for the business reflects 3 times multiple of the company’s average discretionary earnings for the last two years. The business sales price includes 100% of the company’s assets as well as additional intangible assets in the form of inventory, customer lists, intangible property, and goodwill.
The retail store is located within a bustling Dallas area retail shopping and restaurant hub near a major freeway. The 1,907-square-foot facility is leased at the monthly rate of $3,069.77 with a lease expiration date of November 2023. Within the store, there is a display of hospital beds, scooters, wheelchairs, transport chairs, lift chairs, and louvered walls with a variety of braces, incontinence products, and canes. The store counter area displays blood pressure equipment, stethoscopes, and a variety of other daily needs products. There is a three-person back office and storage area that includes a restroom.
Total Sales: $403,356
Cash Flow: $100,912