MergerPlace

Very Profitable-Medical Uniforms &

Georgia


  • Asking Price: $1,350,000
  • Gross Income: $1,924,184
  • Cash Flow: $389,400
  • Real Estate: Not Disclosed
  • Inventory: $240,000
  • FF&E: $98,000
  • Listing ID: #207648
  • Established: 2009
  • Employees: 8 FT / 3 PT

Business Description

The business is a retail company specializing in the sale of medical uniforms, medical accessories, nursing shoes, polo's, professional attire and embroidery services. Business consists of a brick and mortar retail location, as well as an on-site sales division which conducts sales at various hospital locations. Approximately 30% of sales are generated at the retail location and 70% of sales from the Hospital on-site sales.


Business Details

Primary Business Category: Services - Other Services
Location: Georgia

Company Information

Year Established: 2009
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 8 FT / 3 PT

Financial Information

Asking Price: $1,350,000
Gross Revenue: $1,924,184
Cash Flow: $389,400
FF&E: $98,000
Inventory: $240,000
Seller Financing Available: No

Property Information

Facilities:

The Retail store is a 3,400 square foot building in a Class A strip center. The Hospital on-site business is supplied from a 3,400 square foot warehouse.

Growth & expansion opportunities:

Currently the business services hospitals primarily in the State of Georgia with only a few customers outside the state. There is a potential to expand the number of hospitals serviced well beyond Georgia. Also, the company does not currently have a strong internet presence. This is a hybrid business, with 30% of sales coming from the store and 70% of the business coming from the mobile stores set up in hospitals for 2 days. Starting a similar business from scratch would take years because you have to build a relationship with all of these hospitals. That work is already done for the current clients. A new owner could expand the number of hospital clients and grow this business quickly.

Competition:

This business model has very little competition. Also, the model has proven very effective.

Reason for selling:

The current owners have a Real Estate investment company and intend to invest more time and capital in that business.

Support & Training:

Will train for 8 weeks @ no cost The Business is a retail company specializing in the sale of medical uniforms, medical accessories, nursing shoes, polo's, professional attire and embroidery services.

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Business Listed By:

Tony Samples

Murphy Business Brokers