Medical Equipment Rental Company & Office Building for Sale

Los Angeles, CA (Los Angeles County) (Relocatable)

Seller Financing Available
Medical Equipment Rental Company  & Office Building for Sale
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Asking Price: Get Financing: N/A

Cash Flow: N/A

Gross Revenue: $2,613,674

EBITDA: $1,057,236


Inventory: N/A

Real Estate: N/A

Established: 1981

Medical Equipment Rental Company & Office Building for Sale

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Business Description

Strong DME Medical Company for Sale

Medical Equipment Rental for Hospice Care

Contact: MIke Mesenbrink
OakTree Business Solutions
Cell: 949 678-7788


This company was started in 1981 and serves the Southern California Hospice industry with a single location. This business is a steady performer from year to year and continues to grow. The Company is poised for continued growth and works exclusively with Hospice Care Providers that are both large and small. This is a chance to own a full service, upscale company with a great reputation in the medical industry that has great upside potential for rapid growth.

This is a durable medical equipment (DME) business servicing hospice patients from Malibu, Los Angeles County, Riverside/San Bernardino County, and Orange County of Southern California. The Business rents durable medical equipment for patients of hospice customers under contract. When these patients no longer require the equipment, the items are picked up and returned to the warehouse for cleaning, disinfecting, and preparation for rental to others.

Patient Care Products currently serves 35 hospices, totaling over 1,650 patients. The largest hospice accounts for less than 10% of revenues.

The owners want to retire and the business will be sold with approximately $1.0MM of assets that are used in the rental programs.

This is a fabulous and fragmented industry where it is possible to grow organically and/or by acquisition of other similar companies. Companies like this very seldom come up for sale and the number of privately held competitors is very small making this a very desirable business opportunitiy. Health Care is going in only one direction; that is to lower cost of care by utilizing more outpatient and home health care. The Home Health Services market will always represent one of the strong areas of growth because it is impossible to deliver health care any less expensively. Combine this with a growing population of 80 million new patients in the US entering the era of the elderly and this marks the beginning of an immensely large and sustainable opportunity in the US market.

The present owners have built the Company from the bottom up with a strong position of strength and reliability. The Company is characterized by having significantly better equipment and service than its competitors.

Better equipment makes the job easier and safer for care-givers of patients because they do not have to lift patients or turn cranks to adjust bed settings. Overall, the extra expense of equipment is worth the reputation that it provides.

Background and Financials

General Location: Southern California Asking Price: $ OFFERS ONLY
Category: Medical Services
Down Payment Cash
Years in Business: 36 years
Gross Sales: $ 2,613,674 /yr
Under Present Owner: 36 years
Discretionary Cash Flow: $ 1,057,236 /Yr.
Hours of Operation: 8 – 5 Mon-Fri. 24/7 for emergencies
Inventory Included? Soft goods and disposables
Owners Hours: 20-40 hrs/wk
Assets: Approx. $ 1,000,000
Training: 6 wks, 20 hrs/wk
Real Estate Included? No but can be purchased separately
Lease Expiration: One Bldg. to be sold at approximately Market Price
Organization Type: S Corp.
Lease Options: Negotiate new leases or purchase bldg.
Bldg. Size: 12,620 sf Lot Size: 21,780 sf
Rent for one bldg: $ 6,500/mo
Employees: 25FT + 3 PT + 2 PT Owners
Payroll: $ 89,462 /mo.
Reason for Sale: Retirement, however one owner willing to remain as consultant
SBA Qualified: Eligible for SBA

Detailed Information

Included in asking price
Real Estate:
Building SF:
25 FT & 3 PT
Office, dispatching, and warehousing of equipment in one location serving Southern California
Yes there is competition but this company has continued to grow each and every year of business in bottom line. Not many private companies service this industry in Southern California
Growth & Expansion:
Strong market and growing at the rate of 80,000,000 new Baby Boomers entering the hospice and elderly care market throughout the US.
To Be Determined
Support & Training:
Yes. 6 weeks at 20 hours per week
Reason for Selling:
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Mike Mesenbrink

Business Listed By:
Mike Mesenbrink

Oak Tree Business Solutions

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