Well Respected Medical Equipment and Supplies Store
Medical - General | Specialty · MI
About This Business
Our firm is proud to present a very well respected, locally owned and operated 8 years old medical equipment & supply store catering to aging population. As a well-established retail location, this business has been a local center for medical equipment needs bordered by several other significant geographic markets. Some of the products the company stocks include oxygen, Bi Pap/Cpap supplies, scooters and wheelchairs, hospital Beds, bath safety equipment and many aids to daily living.
This company has a perfect track record is fully operational and adequately staffed. It is Accredited, insured and bonded., The business accepts Medicare, Medicaid, BCBSM, Health Alliance Plan, Coffinty, United Health Plan and several more..
The sales come from 30% retail walk-ins and 70% billable income, including approx. 65% reoccurring clientele. The company is currently transitioning to handle insurance billing in-house saving close to 75% in billing costs. The owner handles all day to day operations and management working an average 25 hours weekly in the store. Referral sources include physicians, home care companies and sleep facilities. The company has built a solid reputation based on great service and responding to the community's needs.
This is a turnkey operation with excellent financial records.
This business provides immediate cash flow opportunity for a strategic acquisition or owner/operator with solid business experience looking to get into this growing industry.
Facilities: Located in the heart of the community, this business operates out of 3,000 sq ft leased space with extra basement space available for storage.
Market Outlook
Competition: No immediate competition in a local community. Although competition exists, this business is well known for its high customer service and caring staff. Superb reputation and established name will continue bringing referral business.
Growth and Expansion:
Continuing networking and maintaining and establishing new relationships with various referral sources will insure consistent growth of the company. With growing population of baby boomers, it is will continue to be one of the hottest industries to be in.
About the Sale
Support/Training: Owners will make sure that the buyer is trained/supported through an agreed upon period.
Terms: Negotiable
Reason Selling: Owner would like to devote more time to family.
Highlights
- 20 years in business with a perfect track record, fully staffed and operational
- 70% of sales from billable income, including ~65% recurring clientele
- Transitioning insurance billing in-house, saving approximately 75% in billing costs
- Accredited, insured, and bonded; accepts Medicare, Medicaid, BCBSM, and other major insurance plans
- No immediate local competition, with a strong referral network of physicians, home care companies, and sleep facilities
- Owner works ~25 hours/week; immediate cash flow opportunity with excellent financial records