Profitable Hearing Care Provider in N. Michigan

Benzonia, MI (Benzie County)

Seller Financing Available
Hearing Care Center
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Asking Price: $160,000

Cash Flow: $57,349

Gross Revenue: $147,000

EBITDA: N/A

FF&E: $25,000

Inventory: $39,400*

Rent: $481.25 /Month

Established: 1993

*not included in asking price.

Profitable Hearing Care Provider in N. Michigan

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Business Description

In business for more than 40 years, this established audiology office offers hearing screenings and the fitting, sale, and service of hearing aid devices. Located in a small town in Northern Michigan, this business is the only service center for many miles. On average about 8800 vehicles per day travel this main thoroughfare. Nearby businesses include restaurants, street retail, a car dealership, grocery, and offices; the downtown area is just a few blocks away.

-Established and profitable
-Buyer will need to have or work under someone with a Hearing Aid Dealer license issued by the State of Michigan.
-Ideally the buyer would be board certified with the International Hearing Society or is an audiologist with at minimum a Bachelor's Degree.
-According to MarkeTrak10, studies indicate that about 1 in 10 individuals have a hearing loss that interferes with their communication (Credit: Powers & Rogin, The Hearing Review, Vol 26 No 8 August 2019.)
-A surveys show that 56% of current non-owners of hearing aids would probably or definitely purchase from a hearing care professional rather than buy online. (Credit: Powers & Rogin, The Hearing Review, Vol 26 No 8 August 2019.)
-Customer experience is key to success
-Hearing aid sales increased 3.8% in first half of 2019 according to the Hearing Industries Assocation, of Washington DC.

Contact listing agent for more information.

Detailed Information

Location:
Benzonia, MI
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
525
Lease Expiration:
N/A
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1200 sf leased space with plenty of on-site parking and private entry. Office suite includes reception area, office, practice rooms, kitchen, rest room.
Competition:
Rural area with few service options for audiology screenings, hearing aid fittings, and hearing aid repair.
Growth & Expansion:
Buyer could expand office hours to five days per week. Currently, appointments are limited to three days per week.
Financing:
Negotiable
Support & Training:
Seller will train for two weeks.
Reason for Selling:
Seller is pursuing retirement
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Business Location


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Kathy DeVries

Business Listed By:
Kathy DeVries

Keller Williams Commercial Grand Rapids

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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