Developer And Distributor Brand Name Surgical Instruments

Morristown, NJ (Morris County)

Developer And Distributor Brand Name Surgical Instruments
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Asking Price: N/A

Cash Flow: $900,000

Gross Revenue: $6,200,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $10,000 /Month

Established: 1999

Developer And Distributor Brand Name Surgical Instruments

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Business Description

DEVELOPER AND DISTRIBUTOR OF BRAND NAME SURGICAL INSTRUMENTS

Established in 1999 this medical device company specializes in the Development, marketing and distribution of handheld Surgical Instruments mainly for Orthopedic and Spinal procedures. The company’s products are price competitive and designed to perform with precise surgical function and using only the highest quality Surgical Stainless Steel. The Corporate Catalog features 4,300 hand selected products The company exhibits at 2 dozen industry specific domestic and international Trade Shows each year and targets its diverse customer base through advertisements in Trade Publications, “Click Back” supported promotional emails and postal mailings. The revenue is generated by 8,000 highly repetitive accounts consisting of hospitals, ambulatory surgery centers, physicians’ offices, international & domestic distributors, private label customers, OEMs plus Group Purchasing Organizations (GPOs). Manufacturing is outsourced with Branded Product Sales generating approximately 50% of Sales Revenue with the remaining 50% custom made instruments. The company employs a stable, knowledgeable and well trained full time staff of 28 which includes 6 key managers that oversee Marketing, Purchasing, Sales, Customer Service, Human Resources and Quality/Regulatory. Other staff consists of 2 technical Sales Engineers, one Product Development Engineer, 3 Inside Sales Representatives, 2 Purchasing Assistants and 2 Marketing Assistants plus one IT and one Accountant. Additional employees include Warehouse, Shipping and Receiving, plus Repair and Service, and Administrative Staff. The company leases a modern 10,500 SF facility with 5,000 SF of executive office space. Non-union

Detailed Information

Location:
Morristown, NJ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
10,500
Lease Expiration:
N/A
Employees:
28
Facilities:
Established in 1999 this medical device company specializes in the Development, marketing and distribution of handheld Surgical Instruments mainly for Orthopedic and Spinal procedures. The company’s products are price competitive and designed to perform with precise surgical function and using only the highest quality Surgical Stainless Steel. The Corporate Catalog features 4,300 hand selected products The company exhibits at 2 dozen industry specific domestic and international Trade Shows each year and targets its diverse customer base through advertisements in Trade Publications, “Click Back” supported promotional emails and postal mailings. The revenue is generated by 8,000 highly repetitive accounts consisting of hospitals, ambulatory surgery centers, physicians’ offices, international & domestic distributors, private label customers, OEMs plus Group Purchasing Organizations (GPOs). Manufacturing is outsourced with Branded Product Sales generating approximately 50% of Sales Revenue with the remaining 50% custom made instruments. The company employs a stable, knowledgeable and well trained full time staff of 28 which includes 6 key managers that oversee Marketing, Purchasing, Sales, Customer Service, Human Resources and Quality/Regulatory. Other staff consists of 2 technical Sales Engineers, one Product Development Engineer, 3 Inside Sales Representatives, 2 Purchasing Assistants and 2 Marketing Assistants plus one IT and one Accountant. Additional employees include Warehouse, Shipping and Receiving, plus Repair and Service, and Administrative Staff. The company leases a modern 10,500 SF facility with 5,000 SF of executive office space. Non-union
Support & Training:
YES
Reason for Selling:
RETIREMENT AND OTHER INVESTMENTS
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Frederick B. Collins

Business Listed By:
Frederick B. Collins

Fidcol Corporate Services Inc.

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