Profitable Medical Equipment Store in Ventura County

Ventura County, CA

Profitable Medical Equipment Store in Ventura County
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Asking Price: $435,000

Cash Flow: $212,615

Gross Revenue: $397,560

EBITDA: $212,615

FF&E: $3,000

Inventory: $6,000

Rent: $1,200 /Month

Established: 2014

Profitable Medical Equipment Store in Ventura County

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Business Description

Great opportunity to invest and operate well established [opened in 2014] Durable Medical Equipment store in East Ventura County [Simi Valley]. Accepting Med-cal and Gold Coast HMO patients only [cash too]. Sellers are retiring and chose to not apply for Medicare and Commercial Insurances to keep low overhead - it presents a great opportunity for a potential buyer to apply for other insurances and increase cash flow. Servicing local community and mailing incontinent supplies to many customers in Ventura County. Wheelchairs, Walkers, Beds, Special Shoes, Incontinence Supplies and many other products are provided for walk-ins and many mail order customers. Average annual gross sales are around 400K. Net cash flow is about 200K. The DME store is about 1,000 sf. Seller will train a new owner and may stay as a consultant. Open 5 1/2 days a week. Motivated seller. Seller will not carry financing. Clean books – SBA loan may work.
Call Alex Levitan- Pacific Business Brokers (818)640-8080, and request an NDA.

Financial Statements, Inventory Count, and any additional information will be gladly presented to qualified buyers during due diligence. Proof of funds is required. Seller is motivated. All of the above information per Seller please rely on your own due diligence on market conditions and this industry before making any commitment and decision making.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,000
Lease Expiration:
5/15/2024
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Seller will train, may stay as a consultant
Reason for Selling:
Retiring
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(from currently available funds)
 
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Alex Levitan

Business Listed By:
Alex Levitan

Pacific Business Advisors

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Sponsoring Broker:
Fred Mercuro

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