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Medical Devices Equipment Support Manufacturer
This is a very niche, small manufacturing business in the bio-medical field that is exploding with our aging population.
It began as a problem-solving company and remains so today. Because the nature of the business is to solve problems for its customers, they are continually updating, upgrading, and adapting to their needs.
While many companies proclaim that they are Built to Last, this company is also a Built to Evolve company that remains at the forefront of solving customer problems.
* 17 years in business
* Niche business
* Strong recurring revenue stream with a large, repeat customer base
* Minimal competition
* Unlimited growth opportunities for our aging population
* Non-seasonal business
* A solid customer base of professional customers - primarily medical companies and hospitals (no bad debt issues)
Competition: This niche company only has two competitors. These two competitors have a much smaller line of products and are not as focused on the same industries.
Growth & Expansion: Due to the aging population, the medical industry will show substantial growth in the next several years. There will be more opportunities to grow the business's line of products. A company with a good engineering staff can develop new products for the medical device industry, and a company with a sales force involved with the medical device or hospital industry will have a good opportunity to increase sales with its current line of products.
Support & Training: The Buyer is willing to stick around for some time to provide proper training and an orderly turnover to help ensure a smooth transition.
Reason for Selling: Retirement
Listed By: Wayne Wright
Background information
Reference:
21931659-WW
Finance
Sales:
$1,818,858
Profits:
$646,559
Profit type:
Discretionary Earnings
Price and terms
Price:
$990,000