Value Added Medical Distribution Company
Location Illinois,United States
Asking Price Range $10.0M - $20.0M
Gross Revenues $10774137
Net Profit / Cash Flow $1258254
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1986
Number of Employees 20 - 34
Inventory 528000
Relocatable Yes
Number of Employees 20 - 34
Real Estate Owned
Training Seller willing to train & transition.
Reason for Sale Other business interest.
Description This medical distribution company for sale, services a niche market and enjoys strong margins. The firm employs nineteen full-time and two part-time personnel. The company specializes in exceptional service to the midwest market.
The first six months of revenues in 2009 came in at $5,167,799 with Net Earnings of $544,062. This does not reflect Owner compensation or benefits. Capital equipment sales in the second quarter were soft but are coming back strong in the 3rd & 4th quarters.
Key Managers are in place supervising productive, knowledgeable sales representatives and technicians, all of whom are paid on a commission basis. In 2006 and 2007, the company added skilled salespersons and technicians to cover expanded markets. Productivity, which is tied to compensation, remains high. Since only administrative staff are on salary, fixed overhead costs are low.
Manufacturers contact the company asking to come on board for quality representation for their products. Historically this tirm meets and exceeds annual sales goals for clients. In-depth training and support for customers, coupled with responsive thenical repair service contributes to a win-win-win solution for the manufacturer, the customer, and this distributor. The sales and service aspects of this distribution operation can grow substantially in the current location. The facility provides office, training and warehouse space. This central location affords easy access to interstate routes and customers.
This company sells into an industry expecting above average growth in the next decade. Competition exists. The majority of the competition is comprised of much smaller firms. There is some competition from larger national conglomerates. The Owner is willing to provide a period of Training and Transitioning as part of the transaction. The Owner is also willing to consider providing ongoing, fee based consultation.
The Purchase Price is $7,500,000.
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