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Hearing Aid/Instruments Sales & Service
| Asking Price: | $300,000 | Inventory: | |
| Gross Revenue: | $372,126 | Real Estate: | n/a |
| Cash Flow: | $98,311 | FF&E: | $47,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
This “For Sale by Owner” well established retailer of hearing instruments specializing in the latest technology of behind the ear, in the ear and in the canal hearing aids and related products and services. The company has experienced growth and profitability since its inception. The current owners have created a successful system of duplication and profitability through this location and have opened a second store which will soon support itself as a separate entity. Currently the second store is included in this offering but may not be for long due to the anticipated profitability and cash flow that is expected to support itself quickly. The owners are making this opportunity available because they would like to retire. The current owners may be available to assist in the growth of the second location and be available for a reasonable transition period to acclimate you to the business, the clients and the employees. You will need to be a hearing instrument specialist, audiologist, licensed medical doctor or hire one to manage the service and sales of the business. This is a great opportunity to be part of a dramatically growing industry due to society’s continuing excessive exposure to noise.
About the Business
Year Established:2003
Employees:1 full time - 1 part time
Facilities:This leased 1200 sq. ft. facility is located inside a major shopping center next to an anchor department store. The exposure is incredible. The lease may be transferable with existing terms that has been superbly negotiated by the current owner. The second location is approximately 30 miles from the primary location and has similar assets to its credit regarding excellent exposure and negotiated
Market Outlook and Competition:No one else offers the quality and value of products and personalized after the sale service including a professional atmosphere for customers. In regards to the value customers receive it is perceived that there is no true competition in the area. The second location already contributed 15% of the combined gross sales after only 3 short months of operation. With the right attention and marketing, this second location will become independent and self supporting quickly. It is now included in the offering however once it becomes its own self supporting entity with separate cash flow and profitability its inclusion may expire. Entrepreneurs and investment groups have been inquiring regarding franchising the unique approach adopted by this company including the upscale mall location and professional ambiance displayed through knowledgeable placement of furnishings, design and amenities appreciated by the discriminating patient. A franchise model has been undertaken and with the right buyer/investor the current owner would consider a joint venture to implement a comprehensive system of duplication with demonstrated integrity, quality of care and profitability models as exemplified by the primary location.
About the Sale
Reason For Selling:Retirement
Seller Financing:There is some owner financing possible for the right bueyr.
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Industry: Health and Medical
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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