Installation Of Medical Lifts, Home Elevators, Stair Climbers And More

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INSTALLATION OF MOBILITY EQUIPMENT IN HOMES AND HOSPITALS very fast growing indu
Asking Price:
$159,000

Gross Revenue:
$261,931
Cash Flow:
$65,983
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$32,000
included in asking price

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Business Description

A lender has offered to finance 100% of the purchase price for borrowers who have a 680 or better credit score. This means all you need is some working capital to be the owner of this business.

This Company installs equipment that helps people achieve greater quality of life in a high margin business with excellent growth potential! This business provides and installs mobility equipment that can help aging Baby Boomers, who value their independence, to stay in their homes longer. Some 70% of seniors who wish to remain in their homes will require some sort of mobility assistance to do so. The business is also a strong player in the installation and preventative maintenance markets for lifts in medical facilities in New Mexico and is affiliated with leading brands of mobility products. Increased emphasis on worker safety in medical facilities, due to concern over injuries from lifting and moving patients has led to directives that encourage or require lift systems in medical facilities.
This business has multiple streams of income including design and installation of equipment in medical facilities, public buildings and residential markets, and a growing book of preventative maintenance contracts with commercial and medical facilities.
Additionally, the Company installs in residences stair climbers and elevators.
The Company installs the top equipment in the market place and has a preferred relationship with the manufactures of this equipment.
It’s important to understanding gross revenue that it includes only installation service costs and not the cost of the equipment being installed. The manufacture of the equipment sells it directly to the customer. This reduces the cost of inventory to just some spare parts. Also, the working capital required for this business does not include the cost of accounts receivable for the equipment part of the business.
Sub-contractors are used on an as needed basis to provide the installation. The Company has several skilled and well trained sub-contractors to call on for jobs.i

Because the company installs the equipment under the manufacture's training and instructions a contractor's license is not required.

In August 2018 an additional van was added to have two service vehicles.

About the Business

Location:
Albuquerque, New Mexico
Year Established:
2001
Relocatable:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,500
Rent:
$950.00 Per Month
Facilities:
The 1,500 SQFT facility is leased on a month to month basis. Additionally in 2018 part of the space has been sub-leased for $600.00 per month
Market Outlook/
Competition:
There is completion but this company enjoys a high reputation for being the best. Also, the company has a preferred relationship with some of the better equipment manufactures.
Growth & Expansion:
There are many growth opportunities for this business. The residential market has not been pursued aggressively. Also, the seller has decided not to travel much and there is more work available in other locations than what is being accepted.
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About the Sale

Reason For Selling:
The seller wants to pursue other business interests.
Training/Support:
The seller wants the buyer to be successful. The seller will provide reasonable training and support. Additionally, the manufacturer of most of the equipment requires training at their facility for its installation companies.
Seller Financing:
Some seller financing is available to qualified buyers

Listing Info

ID:
1515785
Ad Detail Views:
1210

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Business Listed by

Jim Eaton

Business Acquisitions, LLC

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U.S. Census Data for Bernalillo and Sandoval Counties, NM
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Bernalillo and Sandoval Counties, NM
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Source: American Community Survey (2010-2014), United States Census Bureau.

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