Profile: Mobile Medical Equipment Rental Services.
|
Ad/Listing Information
|
Contact Information |
 |
|
|
|
| Financial Information |
Detailed Information |
|
| Asking Price: |
$79,000 |
| Down Payment: |
$79,000 |
| Annual Revenue: |
$101,631 |
| Annual Adjusted Net: |
$35,321 |
| Price Range: |
$0 to $100,000 |
|
| Franchise: |
No |
| Relocatable: |
Yes |
| Home Based: |
Yes |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Call |
|
|
|
Description:
|
Executive Summary
Medical Background Not Necessary! This Medical Equipment Rental Company Offers Medical Application Machinery For A Wide Segment Of Physicians, Surgeons, And Medical Spas. By Providing Their Customers Access To Revenue Generating Equipment On A Part Time Basis, Many Physicians Are Able To Reap The Benefits Of Alternate Or Complimentary Profit Centers To Enhance Their Practice. With Today’s Decline In Procedural Reimbursements To Medical Practices From Both Governmental Agencies And Insurance Providers, The Prospect Of Increased Earnings Without Capital Investment Is Indeed An Attractive Value Proposition. Many Clients Look To This Company To Provide Equipment On An Established Schedule Most Commonly On Monthly Or Bi-Monthly Intervals. As An Additional Offering, The Company Offers Treatment Services By Per Diem Registered Nurses For Offices That Do Not Have Qualified Operators Or For Offices That Want To Continue To Keep Their Medical Practitioners On Their Existing Patient Schedules. The Physician Or Office Predetermines The Number Of Patients Required To Cover The Cost Of Equipment Rental, And All Services Provided Beyond That Number Is Profit To The Office. Because Of The Types Of Elective Procedures These Machines Provide, Both The Physician And The Business Owner Are Paid At The Time The Services And Rentals Are Provided. An Excellent, Very Scalable Business Model!
Marketing
The Seller Estimates There Are Approximately 2,000 Physicians In San Diego County Alone Within The Targeted Specialty That Would Have An Interest In The Machinery And Services This Company Provides. In Addition, There Are Thousands Of Other General Practitioners Within The Same Area That Could Financially Benefit From The Use Of These Machines. While The Current Owner Of The Business Works Part-Time Servicing Clients And Creating New Business, The Business Would Really Benefit From A Full-Time Commitment To Growing Sales And Profitability. It Should Be Noted That As The Volume Of The Business Increases, So Will The Need To Increase The Available Machinery To The Client Base. The Current Owner Established The Business With Saturation Mailing To Targeted Physicians Throughout San Diego And Slightly Beyond. Complementing The Mailings, He Has Continued To Send Postcards, Fax Blasts, And Some Emails. He Has Also Used Outside Telemarketing Companies That Specialize In Setting Appointments With Physicians. Once In Front Of The Client, The Benefits Of The Relationship Become Clear. The Existing Physician Customers Are Extremely Pleased With The Service, Quality, And Reliability Of The Machinery And The Service Provided By The Company And They Also Become Excellent Sources Of Word-Of-Mouth Referrals.
Strengths
The Strength Of This Company Ultimately Lies In What It Provides For Its Client Physicians. The Value Of Increasing Profits, With Immediate Payment, And Worry Free Service Are Benefits That Can Be Sold To A Wide Base Of Potential Clients. The Company Is Known For Highly Maintained Top Of The Line Equipment, Reliable Punctuality, And Excellent Customer Service. The Company Has Approximately 20 Customers, Which Represents Less Than 1% Market Saturation! This Market Share Number Also Only Represents The Specifically Targeted Group Of Physicians, And Does Not Include General Practitioners Who Number In The Additional 1000’s. Competition Within The Industry Is Weak, Without No Single Company Enjoying Substantial Market Share. The Largest Competitor Is Located In The Los Angeles Area And Has A Faltering Reputation For Poorly Maintained Machinery And Consistent Tardiness. This Competitor Has Rental Machines Numbering In The 100’s And Dissatisfied Clients Are Perfect Opportunities Of This Business.The Company Has A Professional Brand And Logo That Is Used Consistently. The Company Owns Its Trademark, Which Is Filed With The United States Patent, And Trademark Office.The Seller Is Extremely Organized And Marketing Oriented. The Company Has Transferable Sales And Marketing Templates Including Postcards, Proposals, Brochures, Letters, Phone Scripts, Target Lists, And Presentations. Other Templates Include Operations Processes, Invoices, And Rental Confirmations. The Company Also Has A High-Quality Website That Drives New Inquiries And Is One Of The Top Search Engine Results In Their Category.
Hours & Staffing
The Owner Of The Business Generally Commits Between 10 To 20 Hours Per Week To The Operation. While He Handles Most Tasks Of The Operation, Sales, Delivery And Setup, Billing, Etc., He Has Considered Hiring A Driver Who Could Deliver And Setup The Machinery In The Morning And Return Either Mid-Day Or At The End Of The Day For Pickup Based On The Rental Term. If The Rental Is Going To Be Operated By An Rn Supplied By The Company, On Occasion The Seller Will Arrange For That Nurse To Deliver And Setup The Machinery And Be Compensated Slightly More That Their Standard Bill Rate Of Approximately 33.00 Per Hour. The Machinery Is Fairly Large And Bulky, However They Are On Wheels And Designed To Be Moved By One Individual. In Almost All Cases, The Seller Is Paid For The Machine Rental At The Time Of Pickup. No A/R!
Area & Facilities
The Seller Operates The Business Out Of His Home Office. Most Contact With Clients Is Done Via, Phone, Fax, Email, Or At The Medical Office And It’s Not Necessary For Clients To Come To The Place Of Business. The Seller Leases A Near-New Delivery Van With A Hydraulically Operated Automatic Lift Gate That Is Used To Transport The Equipment. The Lease For The Van Will Convey To The Buyer At The Time Of Sale.
Company History
Approximately 2 ½ Years Ago, The Seller Started The Business With One Piece Of Medical Equipment And Gradually Built The Inventory To The Current Number Of 4. One Of The Machines Is Leased And Like The Leased Van, That Agreement Will Be Conveyed To The Buyer. Upon Completion Of The Lease, These Items Will Be Owned Free And Clear. The Business Has Grown Through The Years And In Fact Has Had An Excellent Year Of Growth In 2007 Where Sales Increased 150% Over The Prior Year. 2008 Has Proven To Be A Challenging Year For The Business. The Owner Has Not Been Available To Work As Many Hours As Were Worked In 2007, And The Market For The Services These Machines Provide Has Softened Slightly This Year. However, With A Full-Time Commitment To Grow The Business, This Is An Excellent Low-Cost Entry Into A Highly Profitable Marketplace! There Is No Customer Concentration And A High Retention Rate For Existing Customers.
Financial Summary
See Below. The Business Is Very Profitable And Will Require The Increase In Leased Machinery To Grow. The Seller Has Very Clean Books And Records And Can Provide Details On All Add Backs. While A Very Attractive Business, It’s Not Likely The Business Will Qualify For SBA Funding. Regarding Depreciation, The Business Has Existed The Past 2½ Years Without The Need To Update Or Replace The Machinery. However, The Seller Suggests That A New Lease May Be Required For Upgrading One Of The Machines. Additionally, For Faster Growth And Profitable Expansion, The Seller Has Considered Adding Additional Machines And Thus Also Financial Liabilities. The Seller Has Also Considered Expanding Into Other Similar Surgical Equipment Markets.
Additional Information
An Opportunity To Own An Outstanding Home-Based Business! Enjoy High Earnings While Working To Maximize Clients’ Profits With New And Exciting Earning Potential. An Outstanding Find For The Sales Pro, Promoting A Quality Product That Is Welcomed By Customers.This Is A Confidential Business Offering. The Independent Contractors, Customers, And Suppliers Of This Business Are Not Aware Of A Potential Sale. Prospective Purchasers Are Cautioned To Abide By The Strict Guidelines Of The Non-Disclosure And Confidentiality Agreement They Signed.
|
For More Info Call: (Please Mention You Saw This Ad On BizBen):
Don Dispaltro, Broker at 858-391-3388 Non Disclosure Agreement |
See All Our Other Businesses For Sale We Have Available
|
|
