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This Business has been Sold!
Closing Date: 05/02/2014
Business for Sale Summary

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

Business Type: misc. retail/non-classifiable,equipment rental and sales ,health/beauty/nutrition supply,other business services,professional services,repair services,adult homecare assisted living,mfg businesses,owner financing available,healthcare related services
DME Company (Non-Medicare) - Bank Financeable
On May 2nd 2014, The Undersigned
Acted as the Advisor to the Deal
Melvin L. Vaz
Melvin L. Vaz Senior Broker
Servicing: All of NY
All of NJ
All of CT
All of MA
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $2,500,000 Down Payment $1,700,000
Gross Revenues $3,000,000 Lease Remaining Register Free to View
Owner’s Cash Flow $750,000 Number of FT Employees Register Free to View


$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.