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
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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.
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.
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.
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