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Low Tech Medical Device Manufacturer - Capacity for Growth!

Cumberland County, PA

Seller Financing Available
Low Tech Medical Device Manufacturer - Capacity for Growth!
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Asking Price: $943,000

Cash Flow: $283,238

Gross Revenue: $1,120,000

EBITDA: $203,238

FF&E: $25,000

Inventory: $100,000

Rent: $4,306 /Month

Established: 1983

Low Tech Medical Device Manufacturer - Capacity for Growth!

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Business Description

Established product- assets in place for additional growth!

This low tech medical device manufacturer has been around for over 35 years. The manufacturing consists of assembling components in a clean room environment for use in orthopedic surgical applications. The buyer does not need specialized medical knowledge and expertise to manage this business. In fact the most valuable skills for the buyer may be in sales, marketing and relationship building to develop that side of the business. Growth could come from developing new products or leveraging this company's medical manufacturing knowledge and facilities to assemble products for others. Could also be a nice add-on for another medical device manufacturer interested in adding a product line. From 2015-17, sales grew at an average annual growth rate of 8.5% and cash flow grew at an average annual growth rate of 24.3%. Due to a special situation in the marketplace, in 2018 sales were up 49.8% and cash flow was up 82.0%. The Seller is willing to finance a significant portion of the purchase price based on future sales to mitigate unique risks in the business. The product is single use so there are recurring sales to a customer base that likes consistency and familiarity with a product in the critical operating room setting and does not change brands easily. There also may be an opportunity to apply new manufacturing technologies to reduce costs and/or change the business model. Keywords: plastic, injection molding, 3D printing, biomedical engineer.

Detailed Information

Location:
Cumberland County, PA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,650
Lease Expiration:
N/A
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located in a large commercial park. Space includes offices, assembly and warehouse space.
Competition:
Product has been around for many years and is distributed to end users through a global medical device conglomerate. Experienced a 50% sales increase in 2018 due to a disruption in a competitors supply change. Once customers get used to using the product, if it makes their life easier in the high pressure operating room environment, they are not quick to change.
Growth & Expansion:
Could grow by developing additional channels to end users, developing new products to manufacture, or by leveraging the clean-room manufacturing knowledge and capabilities to make products for others.
Financing:
Propose earn-out with price tied to actual sales.
Support & Training:
Production employees are trained. Relatively simple operation from a management perspective. Seller will train for two weeks and then can provide additional support as needed.
Reason for Selling:
Retirement
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James A. Eshleman

Business Listed By:
Jim Eshleman

Strategic Endeavors LLC

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