Profitable Hearing Aid Stores - Premium Location - Growth Potential

Fulton County, GA

Profitable Hearing Aid Stores - Premium Location - Growth Potential
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Asking Price: $250,000

Cash Flow: $80,000

Gross Revenue: $806,159

EBITDA: N/A

FF&E: $30,000

Inventory: $3,000

Established: 2003

Profitable Hearing Aid Stores - Premium Location - Growth Potential

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Business Description

Business Activity: This is a 68 year old health service company that operates a retail network of more than 1,300 hearing aid locations across the United States. The franchise has the most recognized brand name in the industry and a franchisor that is ranked number 1 in the Health Services Industry.

Business Highlights: The current owners have a total of eight stores and are selling three locations so that they can reinvest in their franchise. Located in one of the top 20 geographic markets in the United States the growth opportunities for a new owner are only limited to his or her ability to execute. The stores are fully staffed with licensed fitter dispensers allowing a new owner the opportunity to Work On the business rather than in it while obtaining a fitter dispensers license. The current owners will support a training/transition period for a new owner. The franchisor offers a great deal of support and guidance for any new owner.

Marketing Strategy: This franchise has grown using the Franchisor’s time proven advertising and marketing program. Using a combination of media that includes local news paper, direct mail and contributing to the national advertising fund that sponsors national television and radio spots this office has built a profitable platform for a new buyer to take the territory to the next level.

Hours of Operation: Currently the stores are open 9:00 am to 5:00 pm Monday through Friday.

Terms: Purchase price is $250,000, down payment of $25,000. SBA financing of $250,000 over a 10 year payment period at 7.25% monthly payment of $2,641. A $20,000 franchise fee is due at closing.

Attached Documents


Detailed Information

Location:
Fulton County, GA
Inventory:
Included in asking price
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Seller may finance depending on Down payment
Support & Training:
Owners will provide training as part of the purchase. They are selling three of their current locations due to travel time required to manage these offices. They will retain 5 additional offices and will be available for on going consultation.
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(from currently available funds)
 
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Brent Freeman

Business Listed By:
Brent Freeman

The CBB Group

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Sponsoring Broker:
Bill Billingsley

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