Medical Device Wholesale Distributor
Founded over 25 years ago and managed by the current owner for 23 years. The Company has over 125 active desirable customers and multiple registered trademarks.
The medical devices distributed by the company includes clinical & retail thermometry products, patient temperature monitoring devices as well as pre-hospital patient temperature warming devices. Customers include the U.S. Department of Defense, Canadian Special Forces, Canadian Search and Rescue, large retail and big box stores, clinical customers and major medical supply distributors. The company also distributes a private label product for the largest retailer in the United States.
The buyer of this company will fully understand that purchasing this business solves one of the biggest challenge’s medical devices distributors face, which is establishing and building relationships with customer Decision Makers in each market segment. By purchasing an established medical supply distributorship, you will benefit from having these long-term relationships developed from day one.
New product launches are a specialty for this company, which is constantly upgrading it product offerings to its customers. Due to the established relationships with their Customer Key Opinion Leaders and Decision Makers new product offerings are often readily reviewed and accepted into inventories.
All distribution processes including receipt of orders, maintaining inventories, packing, shipping and billing are performed on site. All warehouse and office equipment are in excellent working condition.
Financial 2020 was a very good year for the company due to the high demand for its products, below please see 3 years of historical results.
• 2018 Revenue $2,561,000, Gross Profit $767,000, SDE $210,000 • 2019 Revenue $2,348,000, Gross Profit $785,000, SDE $195,000 • 2020 Revenue $3,463,000, Gross Profit $915,000, SDE $300,000
The company has been able to maintain extraordinary gross profits of between 28-32% and carries no debt. The owner/founder is ready to retire, however, is willing to remain with the company through a fruitful transition process.
For more information on this attractive, please contact Glen Toadvine at [email protected]