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Southern California

  • Listing No.: 106-15310

  • Category: Distribution, Manufacturing, Miscellaneous

Asking Price $2,599,000
Down Payment $2,100,000
Gross Revenue $3,751,078
Total Adjusted Net Income $728,671
Equipment/Fixtures $989,433
Year Established 2003
General Location Southern California
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Built on a unique business model of offering one-stop shopping with in-house custom-fitted prosthetic manufacturing, orthotic DME and physical therapy under one roof. The business has experienced substantial growth in the last 15 years. The Seller feels that the business at this stage would be better managed by a new owner that is more skilled in operation and administration. An owner operator is preferred. The seller is open to continuing to work as one of the sales reps. The weighted three year average annual gross sales for 2016-2018 is $3,751,078. The weighted three year average adjusted net income for 2016-2018 is $728,671.The adjusted net income amount may need to be further adjusted down to $578,671 for buyers that require the seller to stay on as one of the sale reps.

Gross Revenue $3,751,078 Listed Price $2,599,000
Total Income $728,671 Down Payment $2,100,000
Base Rent $4,500 Square Feet 5290
Total Rent $4,500 Lease Expiration 10/2019
Rent Deposit $8,000 Lease Options
Inventory $20,000 Leasehold Improvements
Equipment/ Fixtures $989,433 Other Assets
Full-Time Employees 24 Training Period One Month
Part-Time Employees 0 Special License Required
Contract Staff 14 Reason for Selling Moving on to a New Opportunity

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.