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Fitness Testing & Medical Devices

Ventura, CA (Ventura County) (Relocatable)

Fitness Testing & Medical Devices
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Asking Price: $1,500,000

Cash Flow: N/A

Gross Revenue: $2,200,000

EBITDA: N/A

FF&E: N/A

Inventory: $700,000

Rent: $1 /Month

Established: 1974

Fitness Testing & Medical Devices

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Business Description

Established company with 50-year record

Company Sale Executive Summary (11/18)

Vacumetrics (VacuMed) History
Vacumetrics Inc. was founded in 1968 by John Hoppe in Waltham, Massachusetts. The company's goal was to develop a mass spectrometer for pulmonary gas analysis and mass spectrometer accessories in general.
The company introduced its first commercial mass spectrometer in 1970. In 1972, Statham Instruments of Oxnard, California acquired Vacumetrics and moved the company and its key employees to Oxnard, California. Two years later, Gould Inc., in turn, acquired Statham Instruments and sold the mass spectrometer product line.
In 1974, John Hoppe started a new company in Ventura, California, again named Vacumetrics Inc.
VacuMed is a division of Vacumetrics, Inc., a dba, specializing in medical instrumentation and supplies. John Hoppe is the sole owner. There are no other stockholders, nor do any individuals possess any rights, options or other ownership rights in the company. Vacumetrics Inc. is organized as a C-corporation in the state of California.

The company manufacturers approximately 50% of the products it sells and acts as a distributor for the balance. VacuMed distributes products worldwide.
VacuMed is a strong international brand with a huge world-wide base of repeat customers that have come to rely on our reasonable prices, committed customer service and reliable quality. We have attained this reputation with experienced, long-time employees, many of whom have been with VacuMed for 10, 20, even 35 years.

Essentially debt-free, VacuMed expects to see a substantial increase in sales and profits in the current fiscal year with the introduction of new products, strong sales prospects and experienced employees. See all products at www.vacumed.com.

VacuMed’s Business
The purpose of VacuMed is to
1. Find and continue to market high profit niche-market products for pulmonary, sports medicine, fitness and physiology applications.
2. Continue to develop metabolic measurement systems with the goal of offering the best system (CPX) and related (TurboFit) software on the market.

VacuMed’s Target Audience
Our target audience (potential customers) is:
1. For pulmonary and sports medicine supplies: Every hospital, pulmonary doctor clinic, university physiology or human performance lab in the world.
2. For CPX products:
a. University physiology, physical education, human performance labs
b. Doctor’s clinics specializing in cardio-pulmonary medicine
c. Health & Fitness Clubs, athletic trainers.
d. Hospital based exercise stress test labs
e. Weight management related application (Resting Energy Expenditure: REE/BMR/RMR)
f. Rehabilitation
Company Highlights
• FDA approved products, an international customer data base and a well-recognized logo
that can be expressed in black & white, in color or in motion are some of the values
VacuMed has to offer.
• Offers 2,000 SKUs for pulmonary, sports medicine, fitness, and physiology applications
• Enjoys an enviable, long-standing reputation for quality products and a strong focus on customer service
• The Company offers a well-established international brand with worldwide recognition
• Strong service orientation and quality positioning have resulted in excellent, long-standing customer relationships and a high rate of repeat business
• Sales are forecast to increase 20 percent in FY 2019 reaching about $2.4 million
• Significant growth potential via increased business development efforts, pursuit of the international market (currently ~ 25%), and introduction of new products
• Huge upside potential with CPX for diabetes liver reactivation system
(OEM Customer)

Our distribution of foreign made products is increasingly profitable

Detailed Information

Location:
Ventura, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
6,500
Lease Expiration:
9/1/2019
Employees:
9
Facilities:
The company leases 6,000 square feet at 4538 Westinghouse Street, Ventura, California from an unrelated party in an industrial park near the Ventura (101) Freeway. The lease will expire in 1 year.
Reason for Selling:
Age of owner
Business Website:
http://www.vacumed.com
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Business Listed By:
John Hoppe

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