DME & Medical Supply in CT - 31226

Litchfield County, CT

Seller Financing Available
DME & Medical Supply in CT  - 31226
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Asking Price: $2,200,000

Cash Flow: $587,480

Gross Revenue: $2,810,557

EBITDA: N/A

FF&E: $200,000

Inventory: $544,000*

Established: N/A

*not included in asking price.

DME & Medical Supply in CT - 31226

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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.

Detailed Information

Location:
Litchfield County, CT
Inventory:
Not included in asking price
Employees:
23
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
1,500,000.00 Down & $700k over 5 year @ 5%
Support & Training:
Yes
Reason for Selling:
retirement
Business Website:
http://www.vestedbb.com
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Vested Business Brokers, Ltd

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Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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