Durable Medical Equipment company with a strong history and position in the community looking to sell to someone who wants the convenience of a well established business AND the financial reward of continuing to serve it's customer base.
This is a “one-stop shop” for medical equipment and supplies including a showroom to help customer SEE and try equipment vs. trying to order things online wondering if it's right or not. In addition to a large showroom of products, the business also provides special order service. And repair and rental service is also available.
Some items are available thru insurance and others are for sale on a private pay basis.
This is a networked provider for several insurance companies. They do in house billing to insurances, workers comp, VA hospital and many private pay entities….through specialized software used to manage it all (and is included with the sale).
The business holds accreditation certification thru ACHC. Additionally it is well known in the community and has good working relationships with social workers, discharge planners, and clinics in the area....which drives great recurring business.
Unlike other DMEs, their location is in a medical community, so they have many walk in customers each day.
This will be a STOCK sale so the buyer can reap the benefit of the established vendors, insurance, coding and other key business necessities that would be otherwise lost in a simple asset sale. What this means to you is that you will have everything you need to hit the ground running vs. starting from scratch with these relationships, accounts, insurance etc.
As a Stock Sale, the Accounts Receivable and Accounts Payable will also be included on transfer:
AR = 195,000
AP = 59,000
Also note on competition:
Most of the competitors focus on respiratory products more so than the durable medical products, convenience and comfort items that are offered by this business - so it pulls a more volume and multiple streams of income.
2600 square foot showroom AND 1500 square foot warehouse Facility shall be leased from owner with OPTION for future purchase.
Growth potential is on the retail side. Having the insurance side is great for sustainability and current owners have been growing the fee for service and product (cash) side of the business. With insurance changes, many people are interested in taking control of their own medical needs and the cash business is already growing and can continue to grow with the right new owners.
Competitors in area do not cover full spectrum of services and products. So customers of competition end up coming to this store for many of the categories. Having a showroom in the community has also down well with case workers and those looking for service vs. just ordering online.
Owners are willing to stay on for 28 days for training. Additional training or support is also negotiable.