Durable Medical Equipment

Middletown, NY (Orange County)

Durable Medical Equipment
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Asking Price: Get Financing: $250,000

Cash Flow: $140,597

Gross Revenue: $650,000

EBITDA: N/A

FF&E: N/A

Inventory: $50,000*

Real Estate: $350,000*

Established: 1980

*not included in asking price.

Durable Medical Equipment

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Business Description

Large inventory of DME equipment such as wheelchairs, walkers, commodes, hospital beds, as well a substantial inventory of OTC and custom fitted medical products. 95% of the revenue is from 3rd party payers, 48% Medicare-Medicaid, 48% private insurance and about 4% cash. Inventory value is at $150,000 at retail code and the seller is asking for 1/3 or $50,000. Central fabrication is primarily used for custom work. The Company has contracts with most major insurance carriers serving the Orange County area. Sales split 40/60 DME to Orthotics/Prosthetics. Doctor referrals represent most of O and P revenue. Key referral sources are 10 orthopedic surgeons with the balance from other physicians. These relationships have been ongoing for many years with no loss of referral sources. Main DME supplier for the local hospitals. All inventory is maintained at the business location.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
4
Facilities:
Lease 4000 square feet street level handicap accessible building with off street parking for 20 cars, located lower Hudson River Valley (building lease or purchase option available.)
Financing:
to be considered
Support & Training:
Owner will provide support and training for 2 months and be available for consultation thereafter.
Reason for Selling:
Retirement
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(from currently available funds)
 
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Harry Kushner

Business Listed By:
Harry Kushner

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