OFF-MARKET ‘Q4 2023
Medical Equipment Repair / Maintenance Co. w/$3.5MM Inv.
Athens, GA (Clarke County)
Seller Financing Available if the price and deal structure is right.
Asking Price: Best Possible Offer
Cash Flow: $1,050,000
Gross Revenue: $3,325,000
EBITDA: $915,000
FF&E: $0
Inventory: $3,510,000
Established: 2013
Employees: 5 (full-time) / 10 (contracted)
Business Description
The Medical Equipment Repair and Maintenance Company was founded by the current owner in the state of Georgia in 2013. The team members within the company have been providing medical equipment repair and maintenance services to the medical community since 1989 and have developed a stellar reputation through the United States, Puerto Rico, and Mexico. The company operates 24/7/365 through a network of highly skilled independent contractors who are managed, trained, and professionally developed by an internal team of top executives. The company has built a steady stream of contract-based work with a growing list of clients and is responsive to its clients’ needs with service and expertise that can be trusted.
The company is on pace to surpass $3.3M in revenue in 2023 with EBITDA cresting $915,000. In addition, the company has over $1.4M in annual recurring contract revenue (some with a four-year contract) and over $3.5M in inventory to meet its customer needs for several years. All the pieces are in place to surpass $3.8M in TTM revenue and $1.0M in TTM EBITDA at some point in 2024.
NDA required {SUBMIT BELOW} to receive comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information
Facilities:
One 5,000 square foot storage location for $4,000 per month. Most employees work remotely.
Competition:
While the industry is niche, there is strong competition. The company has successfully navigated the competition through high quality service, creative solutions, and responsiveness.
Growth & Expansion:
The company has contracted service engineers throughout the country. The company could readily expand by adding contracted service engineers to new locations.
Financing:
TBD if structure and terms are acceptable.
Support & Training:
As needed – specific terms for transition support can be negotiated. The Seller wishes to facilitate a successful and smooth transfer of the Business.
Reason for Selling:
The current owner is ready to retire after a successful transition to a new owner.
OFF-MARKET-Medical Equipment Repair and Maintenance Company for Sale
