MergerPlace

Cleveland Medical Sales and Service

Cleveland, Ohio (Cuyahoga)


  • Asking Price: $249,000
  • Gross Income: $301,000
  • Cash Flow: $84,000
  • Real Estate: Not Disclosed
  • Inventory: $2,500
  • FF&E: $10,000
  • Listing ID: #200652
  • Established: 1996
  • Employees: 1

Business Description

This is a 20 year well-established business to business, medical sales and service company. A proven recession proof business with repeat sales, it has approximately 400 accounts out of a potential 2,200 client database. No account represents more than 3% of revenue. 3 year sales average $300,000 with owner earnings averaging $84,000. Seller is of retirement age and will provide a smooth transition for a buyer. The company recently launched a new ecommerce website and is positioned to grow revenues further through sales of additional new products and services being introduced. Excellent books and records will reflect a consistent historical record of growth and profitability. This is a Monday through Friday operation fostering a flexible lifestyle. Minimal employees are required. Sales in this very stable industry are very repetitive and profitable in nature in this need based medical business.


Business Details

Primary Business Category: Services - Other Services
Location: Ohio
Metropolitan Area: Cleveland
County: Cuyahoga

Company Information

Year Established: 1996
Home Based: Yes
Franchise: Yes
Relocatable: No
Number of Employees: 1

Financial Information

Asking Price: $249,000
Gross Revenue: $301,000
Cash Flow: $84,000
EBITDA: $84,000
FF&E: $10,000
Inventory: $2,500
Seller Financing Available: No

Property Information

Facilities:

This business is currently being operated out of the seller’s home. Buyer has the option to operate out of their home as well or move to an office of their choice.

Growth & expansion opportunities:

The company recently launched a new ecommerce website and is positioned to grow revenues further through sales of additional new products and services being introduced. Currently, the owner is servicing 400 out of an existing 2,200 potential accounts – sales can be grown significantly with a sales and driven oriented buyer.

Competition:

There are competitors in northern Ohio, but this company is the #1 choice of most medical personnel.

Reason for selling:

Seller is 69 years old

Support & Training:

The seller will provide transition services as long as necessary to ensure the comfort of the buyer.

Contact Business Seller

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Business Listed By:

Dan Long

Cincinnati Business Brokers