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.
Asking Price: $435,000 Gross Revenue: $397,560Cash Flow: $212,615EBITDA: $212,615Inventory: $6,000 included in asking priceFF&E: $3,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Profitable Medical Equipment Store in Ventura County
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