50 year old Medical Supply Store w inventory for sale in Mundelein IL

Mundelein, IL
listing image
Asking Price:$750,000
Established Year:1974
Cash Flow:$250,000
BUSINESS DESCRIPTION

This is a durable home medical supplies store which has been in business in the same location for the last 50 years with great name recognition and solid reputation. We Sell and rent home medical equipment like Wheel Chairs, Walkers, Mobility Scooter, lift chairs, hospital beds, bathroom items and hundred's of other home medical items. The rental component of business has the highest margins. This business has very little competition, low over heads but great potential for growth for any buyer who is interested in tapping in $$$ Billons growing home heath care market for seniors. Currently this business is private pay only and does not do accept any insurance. This Durable Medical Equipment business had great potential to grow and expand if either the new owner already has DME insurance billing contracts with Medicare, Medicaid and other private insurance or willing to obtain insurance contracts which take few months. The sale price includes the whole retail and rental inventory which is worth around $200 K.


DETAILED INFORMATION
Location
Mundelein, IL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,500
Employees
1.5
Facilities
Rental property with low rent and All inventory.
Competition
Only major Medical Supply Store in the County
Growth & Expansion
Exceptional growth potential with marketing and Insurance based Sales
Support & Training
Owner willing to stay for additional six months to guide the new buyer and train the staff.
Reason for Selling
Owner retiring.

BUSINESS LOCATION
Report an Issue with this listing
Ross Kahn
Ross Kahn