71227 - Washington Prosthetic & Orthotic Services

WA

71227 - Washington Prosthetic & Orthotic Services

Asking Price:$382,000

Cash Flow:$101,000

Gross Revenue:$370,000

EBITDA:N/A

FF&E:$50,000

Inventory:$10,500

Rate/Sq. Ft.:N/A

Established:2002

71227 - Washington Prosthetic & Orthotic Services

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Business Description

Prime location in medical district! Servicing the Pacific Northwest region of Washington, this business specializes in providing state-of-the-art prosthetics and orthotics for patients. With innovative software, the primary products include arm and leg prosthetics, foot orthotics, ankle and knee braces, wrist braces and post-mastectomy bras and breast forms. The company also ensures the devices are fitted properly for optimal performance and comfort. As this company is the only one of its kind in the immediate area, more aggressive marketing efforts could raise community awareness and increase sales. The medical building they operate from is part of the regional medical hub and is located just across from the regional hospital. The new owner would do well to stay up to date and contact hospital doctors directly, which would increase client count due to the convenience advantage. Many of the current clients came from doctor referrals. Direct sales are most beneficial in increasing business, so the company’s marketing efforts focus on targeting individuals.

Established nearly 15 years, approximately 50% revenues are derived from the sale of products and services to Medicare patients and group health. Meanwhile, 20% are sold to patients with private insurance, 10% to Medicaid patients and 20% of products and services are sold to individuals paying cash, or the cash remainder of their insurance carriers co-pay. This owner operated business is managed in a hands-on fashion giving the owner full control over the quality of products and the customer service provided. Owner financing may be negotiable for the right buyer. Please contact IAG for full details, including location specifics.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
N/A
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The leased 2,000 square foot facility features a reception area, office, patient examination rooms, a performance room for evaluation and training, a production area for product fabrication and assembly, and storage areas for retail inventory and raw materials. While the business could be relocated within the area, it would be best to stay in the near current location.
Support & Training:
The owner is available for an extended period, as is the rest of the skilled staff after the sale.
Reason for Selling:
Approaching retirement.

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IAG

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