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Area's Exclusive and Established Audiology Clinic

Mount Vernon, OH (Knox County)

Area's Exclusive and Established Audiology Clinic
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Asking Price: $220,000

Cash Flow: $116,000

Gross Revenue: $355,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Area's Exclusive and Established Audiology Clinic

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Business Description

According to the February 28, 2018 report by Global Market Insights, the Audiology Devices Market is expected to exceed $10 billion by 2024. Additionally, Hearing Aid Clinics industry in the US is expected to grow 3.4% (IBIS world June, 2018). Servicing a small city and it’s surrounding county north of Columbus as well as parts of Columbus this audiology center is anticipating growth as nearly 50% of the community is 45 or older, although the customer base does include children as well.

As stated by the owner, “Audiology and hearing aid dispensing should see increased sales due to technological advances and the aging population. More growth in the industry will be due to increasing awareness and the willingness of those individuals to accept the new high tech instruments. Blue tooth technology and iPhone and assorted “smart” technology compatibility are some of the newest innovations. As the tech savvy individual comes of age, the high technology will be very attractive to them.” This reasoning is supported by various reports and astounding technological advances in hearing assistance as well as the nearly 20 years this center has been established and thriving.

Some of the services offered by this full-time audiology and hearing aid dispensing office include: hearing screening, testing and assessments, hearing aids, fitting, cleaning, adjustment, training of hearing aids, minor in-office repairs, and accessories, assistive listening devices, ear molds, etc. Because this is not a franchise, clients are offered customized hearing aids to meet the individual needs while providing a larger variety of options at more affordable prices. In keeping with the office’s exceptional customer service, portable equipment is utilized for home visits.

Marketing is handled by an outside group, including design and some local TV commercials. Local newspaper ads and weekend shopper ads, yellow pages and special programs with a local bank comprise additional advertising outlets.

Detailed Information

Location:
Mount Vernon, OH
Reason for Selling:
Owner is looking to retire.
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(from currently available funds)
 
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Emmet Apolinario, CEPA, CVB

Business Listed By:
Emmet Apolinario

Sunbelt International

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the Ohio Business Brokers Association (OBBA).

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