DME Company (Non-Medicare) - Bank Financeable - 23987

Financing

$1,700,000 Down and $800K over Negotiable Terms

Business Description

DME Company (Non-Medicare) - Bank Financeable. These are the key points... NON-MEDICARE. All clients are private pay (70% from direct sales and 30% from referrals). Many DME companies are going out of business right now due to the changes in Medicare and competitive bidding. Not here. In addition, this business has had an independent valuation that will serve as the basis for bank financing. This company has been established for over 20 years and is a major player in the tri-state. They have built a reputation in the industry for honesty and integrity. The company's revenue is derived primarily from the commercial and residential installation and servicing of ramps for the handicapped, stair-lifts, vertical platform lifts, overhead patient lifts and walk-in bathtubs. The company is licensed and insured for both commercial and residential installations. They service the tri-state: Long Island, Westchester and Rockland, as well as Connecticut and New Jersey. Service technicians are available 24 hours a day, 7 days a week. Sales have been growing despite the current economic climate. This is largely due to the fact that aging baby-boomers are a fast growing segment of the population that will continue to grow well into the future. Gross sales were $2,497,184.00 in 2012 with a Net Income of $544,044.00. BOTH SALES AND CASH FLOW GREW SIGNIFICANTLY IN 2013 ENDING THE YEAR WITH A GROSS OF $3,000,000.00 WITH A NET OF OVER $750k. ALL SALES AND CASH FLOW FIGURES ARE 100% VERIFIABLE. THIS BUSINESS IS BANK FINANCABLE BASED ON A THIRD PARTY VALUATION. The owners will stay on for at least a 3-6 month period to ensure a smooth transition. We are looking for a serious and qualified buyer or private equity group with at least $1.5 million in liquid capital to cover the down payment, working capital, etc. ALL BUYERS MUST PROVIDE PROOF OF FUNDS FOR AT LEAST $1.5 MILLION. If you meet this criterion, call or email Mel Vaz today at 631-909-1095 or mvaz@vestedbb.com

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.