Orthotics & Prosthetics Business for Sale NY - 20880 Business Type: durable medical equipment,healthcare related services,misc. service/non-classifiable,professional services,owner financing available,health/medical/dental practices
Acted as the Advisor to the Deal
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $1,000,000 | Down Payment | $750,000 |
| Gross Revenues | $3,068,741 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $572,345 | Number of FT Employees | Register Free to View |
Financing
$750,000 Down and Seller financing for the balance over 3 years at 5% to a qualified buyer.
Business Description
A Medicare approved vendor for DME and O and P (Orthotics
and Prosthetics). Orthotist license allows owner to construct
and apply more complicated and higher reimbursement items.
Off the shelf knee and back braces. Shoes are ordered for
Diabetic patients. Owner chooses to not supply common
DME items like wheelchairs, beds canes and crutches,
etc. but has license and insurances to provide full array of
DME items
Limited DME product offerings and limited online presence
Labs Manufacture prosthetics and orthotics. Accredited
with all HMOs for shoes, DME and orthotics .Opportunity for
mastectomy, Hoyer lifts, scooters and other hospitals. Patients
entitled to new orthotics every year. Owner sees patients 3
days a week. Two major hospital relationships and works
with many surgeons, orthotists, & orthopedic groups.
Medicaid 30%, Medicare 30% and private pay is 40%.
Company .Referrals by doctors. No salesmen, marketing or
web site. No one locally competes with him. 95% of revenue
is currently from O and P practice- rest DME. New buyer can
change percentages.
Perfect for Orthotist or other medical professional. Contact
broker Joseph Stansky for more details. Proof funds and
related background required for more information and meeting
with the owner.. Please call 1-877-735-5224.
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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