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Businesses For Sale   >>   Victoria Businesses For Sale   

Medical Device Manufacturing Business

Location  Victoria, British Columbia, Canada
Asking Price Range  $500K - $1.0M
Gross Revenues  $1028000
Net Profit / Cash Flow  $296000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1976
Number of Employees  4 - 5
Inventory  310000
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  The seller will provide full operational training!
Reason for Sale  Retirement

Description  
Here is a rare opportunity to acquire a prominent medical related manufacturing business with a small, self-managed and well trained staff of 4 to 6 technicians. This venerable 38 year old business is highly profitable with annual gross sales of $1.0M and an adjusted net income of $296,388. The Orthotic Laboratory fills podiatric prescriptions for foot specialists who treat particular patient needs using a precisely formed biomechanical orthotics that fit inside the patient's shoes. Orthotics control foot motion and weight distribution by cradling the heel and arch, when walking or running. Orthotics are plotted utilizing casts taken of the patient's feet. 3D laser technology software combined with an automated Hass milling machine produces the precisely fitted orthotic. These same milling machines are used to make precise Boeing Aircraft parts. Four different grades of polypropylene are used to create resistance related orthotics from semi-spongy to rigid, offering a diverse line of products. The business supplies orthotics to patients across Canada and the United Kingdom. The business can be promoted by attending various physicians' conferences and seminars in both countries, utilizing an information booth at these events. There is an explosive demand for prescription orthotics for our aging population. Athletes, diabetics as well as accident or deformity victims require orthotic prosthesis. Here is an outstanding opportunity to acquire an icon in the Orthotic Industry. Podiatric training is not necessary as this business has a fully trained and highly skilled production staff in place. Strong leadership skills combined with enhanced sales development will take this business to an even higher level. Included in the Purchase Price is $225,000 in Furniture, Fixtures & Equipment and $85,000 worth of Inventory (at landed cost). Partial seller financing may be available for a qualified buyer!


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