Hearing Aid Centers – 2 locations

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Asking Price:
$649,000

Gross Revenue:
$800,000
Cash Flow:
$186,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$7,500
included in asking price

FF&E:
$50,000
included in asking price

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Business Description

Great operating business that has been open for over 20 years serving the North Texas region. This opportunity consists of two locations - seller owns one of the properties and is willing to either sell or lease to buyer. Long term lease can be assumed on the other location. This company distributes products of one of the top names in all hearing aid services with over 70-year track record and 1,500 locations nationwide.
The hearing aids market is expected to exceed more than US$ 7 Billion by 2022.
The major driving factors of hearing aids market are:
Increasing aging population globally
Growing the technology in hearing Aids
High frequency of hearing loss
Nice locations, great staff in place, solid customer base and a strong history of serving the local community with brand name products makes this a great opportunity for the right person. There is also opportunity to grow the business by increasing marketing activities including social media presence.
3 year average revenue in excess of $800K, and earnings of $186K.
Furniture and fixtures original cost of over $250K.
Asking price for both locations as one package for $649K. Real estate available for purchase of one of the locations with an asking price of $250K.
Seller is ready to retire and is negotiable.

About the Business

Location:
Plano, Texas
Year Established:
1991
Number of Employees:
4
Real Estate:
Leased
Building Sq. Ft.:
2,153
Facilities:
2 facilities - one is owned by seller and available for purchase, the other is a lease facility
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Seller will assist with transition

Listing Info

ID:
1586871
Ad Detail Views:
0

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Business Listed by

Larry Lane

VR Business Brokers

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