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Business for Sale Summary

DME & Medical Supply in CT - 31226

Business Type: health/beauty/nutrition supply,adult homecare assisted living,health/medical/dental practices,healthcare related services,misc. servicel/non-classifiable,other personal services,social services,business with property available,new to market,pharmacies
DME & Medical Supply in CT
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Financial Information (non-confidential)

General Information
Asking Price $2,200,000 Down Payment $1,500,000
Gross Revenues $2,810,557 Lease Remaining Register Free to View
Owner’s Cash Flow $587,480 Number of FT Employees Register Free to View

Financing

$1,500,000 Down and $700k over 5 year @ 5%

Business Description

Dominant 50-year-old Ct supplier of DME/Ambulatory, bariatric, bath, daily living aids, wound supplies, respiratory, diabetic supplies, incontinence, pain management, mastectomy, mobility, braces, c-paps, scooters and much more. Fully Medicare accredited, Medicaid and four major insurances. $ 324,000 of inventory out as rentals. Huge warehouse. Licensed respiratory therapist and repair techs on staff. 24/7 emergency service. Institutional (assisted living, hospital, hospice, social workers, etc.) and loyal consumer following Five managers will stay with business and owner will give up to a year of training and transition. Proprietary software interfaces with Medicare/Medicaid etc. Five vans and a box truck. Nearest competition is 35 miles away. Considered semi-rural. As of June 1st- Medicare authorized Rural relief DME price increases of 30% to 111% in a dozen major DME items. No marketing and no web site. Owner will keep his accounts receivables. Property is owned by the seller and is offered to the buyer for lease or purchase.Two locations. IMPORTANT MEDICARE NEWS: CMS has just announced that it is ending competitive bidding Jan 2019. Huge opportunity for this company and new owner to expand the range of products offered. All Medicare providers can now service all areas whether they received the bid or not. Also, they are extending the 50/50 blend in all rural areas. Previously this company stayed out of comp.bidding. PROVEN DME BACKGROUND IS REQUIRED FOR MORE INFORMATION. NO EXCEPTIONS.Proof of funds REQUIRED.Contact broker Joseph Stansky for more details.

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.