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Medical Product Manufacturer for sale in Los Angeles County, CA

Los Angeles County, California (CA)

Asking Price: Gross: Cash Flow:
$ 385,000 $ 650,000 $ 135,000

Furniture and Fixtures Value:
$ 32,000 (included in the asking price)

Inventory Value:
$ 80,000 (included in the asking price)

Business Summary:
We manufacture an incredible line of reusable heat packs that sell themselves! We offer 13 sizes that are designed to relieve pain in every area of the body. They are trigger-activated and require no electricity or microwaving. They provide easy mobile and transportable therapy. They reach 130 degrees with each use and are made of medical grade vinyl. The ingredients are non-toxic. The consumer price point is affordable and they come with a lifetime guarantee. 100% of the product is made in the USA. Founded in 1984, the business has been under current ownership since 2008.

 

   
Year Business was Established: 27
   
Number of Employees: 2FT/16PT  
   
Facilities / Terms of Lease: Building: 4,128 SF Lease: Through 2014  
   
Potential Growth/Expansion: This company will continue to grow by expanding the existing sales strategies that are in place and adding others that are established, but not yet implemented by current ownership. Capital infusion by new ownership will accelerate growth  
   
Competition: We are the only manufacturer in the United States. Competition is a China made product.  
   
Owner willing to finance: 52% cash / 48% seller note over 5 years at 6%  
   
Owner willing to train: Will train new owner for an agreed upon period of time  
   
Reason for selling: Other businesses owned  
   
Seller Reference Number: 23222508
BusinessMart.com Listing Number: 111089
 

 

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