| Asking Price: | $2,595,000 | Inventory: | $410,000 ++ |
| Gross Revenue: | $2,030,141 (comments below) | Real Estate: | $700,000 ++ |
| Cash Flow: | $770,310 (comments below) | FF&E: | $929,265 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 2009 estimate | |||
| Cash Flow Comments: 2009 est. SDE | |||
For sale is a dynamic medical device design and manufacturing business. On the forefront of the rapidly growing O&P industry where the patient market is expected to grow by over 32% in the next decade. The medical complication that leads to demand for this product is expected to effect 1 out of every 3 people born in the U.S. after the year 2000. The company already holds five patents and the owner-inventor has five more pending. It currently caters to a niche market limited to only several other similar manufacturers in the world which means product sales extend internationally as well as domestically. Excellent market outlook with tremendous growth opportunities. Expansion opportunities include hiring outside sales reps (there has only been one salesman), developing an engineering team, and increasing international presence.
There is much value in a company such as this that you won't find with many other businesses available in this market: proprietary technology and patents, continuing ownership and management in place, as well as a strong, recession-proof industry and a solid pattern of growth, both in sales revenues as well as efficiency. This opportunity is excellent for a strategic buyer looking for a diverse and high profit margin product line, or an add-on to an existing medical manufacturing or distribution business. 2009 estimated Sellers Discretionary Earnings (SDE) is $770,310, and 2009 estimated EBITDA is $648,502.
Price assumes an asset sale and includes real estate, inventory, all equipment and current patents, and buy-out of silent investors' equity. The current active owner-managers will sign an employment contract to remain with the company for the long-run and help with the new owners in the taking the company to the next level. Please contact Tim Revelle at (920)-432-1166 for more information.
KEYWORDS: medical device, manufacturing, majority share, 72% IRR, growth opportunities, key execs staying on, private equity
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