Audiology Practice & Hearing Aid Distributor

Description:
The Company is an audiology practice that provides diagnostic screening and devices to address hearing disorders ranging from tinnitus to hearing loss. The practice specializes in providing care to middle-aged and geriatric patients and distributing state of the art hearing aids.

Key Aspects:
• Revenue increased at a compound annual growth rate (CAGR) of 10.2% from 2020 to 2023
• Strategically located in an area with an aging population
• Established patient base with three-year service contracts in place with many patients
• Well-known in the local industry through the Company’s 35-year operating history

Opportunities:
• Contract with insurance providers to expand the prospective patient base
• Capitalize on the plan to open a second location
• Implement a marketing strategy to capture a greater market share

Headquartered:
• Southeast, US

Current Markets:
• The Company serves individual patients throughout its local area

Real Estate:
• The Company operates from a 2,450 sq. ft. facility leased from an unrelated third party
• Ownership notes there is room to grow in the current location, and the company is relocatable

Shareholder Ownership:
• The company is owned by single shareholder who would like to de-risk
• Ownership is open to a variety of deals and positions following the sale, including remaining with the Company for a predetermined period to facilitate a smooth transition to new ownership